After going back to Nictrades to understand the detailed way of implementing the scanning ‘tools and indicators’ I developed for Crypto, I have gone farther into investigating the use of Fibonacci retracement levels. There are numerous scenarios you want to measure these levels for price target levels. You can swap out these levels to create new support or resistance levels for when you want to place market entry or exit.

It is important to understand how to generate the various minima and maxima levels in any times series you choose. What is demonstrated is a true time series from a crypto pair found on Binance.

Note that Nictrades can be found here https://www.facebook.com/NicTrades/

1. Upper and lower trend lines in using another way to find support or resistance.

Important stuff indeed. All of these will be reported in detail of the top performing crypto currency pairs found from Binance. You can get more details of this service here.

http://quantlabs.net/blog/2018/06/using-fibonacci-retracement-level-price-target-moves/