What goes up must come down! – How I use ‘FIB Extension’ – Fibonacci Extension

Bull runs are great, aren’t they? Unfortunately though as the title says the old adage is true.

It goes up it comes down = volatility.

Bitcoin is extremely good for this and makes trading fast and fun, if you’re on the correct side of the trades.

Bitcoin, and cryptocurrency in general, is the stock market… On steroids, wheeeeee.

There can be lots of money to be made/transferred to the educated, or lucky, but that would quickly run out. Knowing where to buy and sell intentionally is the way forward.

Continue reading “What goes up must come down! – How I use ‘FIB Extension’ – Fibonacci Extension”

For me this is the most essential trading tool. Fibonacci Retracement – Using support and resistance.

I remember looking at my first Bitcoin chart and thinking “Oh, awesome!” – Now what? Especially when Bitcoin was touching $19,000 (I’m not bitter about not buying £100’s worth still, honest!)

I believed for a long while that these movements were fairly random and there must be some sort of luck involved in managing to work out where to place a buy or sell trade. I considered it to be ‘trading bots’ automatically knowing when to trade.

However, I have a very determined personality and refused to give up looking for the “key” to trading. These movements were too structured to be just luck.

If only I could work out what this is doing, where is it going?

After months of searching I actually found a pretty effective way.

Continue reading “For me this is the most essential trading tool. Fibonacci Retracement – Using support and resistance.”