Percentage-retracement levels are yet another technical indicator useful in defining ... the odds of avoiding a fake-out. Leonardo Fibonacci was a mathematician born around 1170 – what on ...

The use of the Fibonacci retracement is subjective. Traders may use this technical indicator in different ways. Those traders who make profits using Fibonacci retracement verify its effectiveness.

Crypto analyst Dave the Wave, known for predicting Bitcoin's 2021 crash, now warns of a deeper correction, expecting BTC to retest lower Fibonacci levels.