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First trade using Fibonacci Retracement strategy

scorer

Published: 04 Oct 2017 โ€บ Updated: 04 Oct 2017First trade using Fibonacci Retracement strategy

First trade using Fibonacci Retracement strategy

I was watching some online video tutorials about trading and in this video Trading 212 Trading Strategies: How to Trade Retracements found similar patterns with my first Bitcoin trade.

This video explains how to trade Retracements. I have no clue on what are those retracements, but when I saw this video I found two things:

  • Fibonacci (this term is mentioned a lot in Haejin Lee videos)
  • Chart that shows trends

If you join them you get a Fibonacci Retracement Trading strategy. By those two things I understood that my first trade was made perfectly by the book. Or at least I like to think so. ๐Ÿ˜œ

Trading 212 Fibonacci Retracement

This is how they showed it in video.

I tried to do the same with my chart. I'm not sure if I do it correctly but in this way it looks more or less clear on how it works and that it actually works.

Bitcoin fibonacci retracement strategy live example

You may call it a newbie luck, because I jumped in somewhere at ~25% and jumped off the train right before the red zone at ~160%. Since I do not believe in luck, I need to find the explanation of it.

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Crypto investor. ๐Ÿ˜… What gets measured, gets done. ๐Ÿ‘Š

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