What are some strategies for combining Fibonacci expansion with other indicators in cryptocurrency analysis?
M Osama javaid WaraichApr 30, 2022 · 3 years ago1 answers
Can you provide some strategies for combining Fibonacci expansion with other indicators in cryptocurrency analysis? I'm particularly interested in how to use Fibonacci expansion in conjunction with other technical indicators to improve my cryptocurrency analysis.
1 answers
- Apr 30, 2022 · 3 years agoAt BYDFi, we recommend combining Fibonacci expansion with other indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). These indicators can provide additional confirmation for potential trade setups identified using Fibonacci expansion. However, it's important to note that no strategy is foolproof, and it's always recommended to conduct thorough research and analysis before making any trading decisions.
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