Fibonacci has never and probably will never work on XMR market, use it and lose. You have been warned.
I used Fibonacci and Bollinger Bands. It seems helping much in XMR trading. In any trading with high volume and liquidity, Fibonacci combination to other technical indicatiors are very useful
Yeah, have fun with that.
I always thought Boolberry was far superior to Monero but paid trolls and whale backers run these markets, not tech unfortunately.
You realize that guy in your avatar got hacked to death with machetes and axes?
He should have bought stealthy Monero.
LOL, can you link it for me.
Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.
I think your starting point is too low. We already bounced off the 50% fib
.0063 is also confirmed as a significant support using PnF charts. I consider that the Monero bull run started when traders became aware that the SIGAINT email service had started a public Monero node on Tor. You can also tell from inspecting the charts that accumulation began about two months before the public announcement. That could be a fluke or possibly those in the know were stocking up on cheap Monero.
do you really think the whales that are fully capable;le and do manipulate this little pond of a market don't react to people using the tools your touting? DUH it plays into their hand. Why not just post right before your gonna buy, oh wait you are by following incorrect tools.
whatever you guys have been warned remember that when your ass is burned.