Fibonacci for Crypto

About Fibonacci for Crypto

Fibonacci for Crypto is an application designed to calculate Fibonacci Placements for Cryptocurrencies.

(It is advised to use a VPN if you are in a region that is restricted by Binance.)

It utilizes data from Binance Futures and works for over 200 cryptocurrencies and 15 timeframes. Has a total of 31 levels: 15 progression levels marked in green, 15 retracement levels marked in red, and level 0 (neutral) marked in blue.

The OHLC data is from the previous candle, which means that level 0 always corresponds to the previous closing price.

The levels are marked by approximation relative to the current price.

The consistency of this method is based on using the same mathematical equations for all cryptocurrencies.

This allows users to: establish comparisons between levels of different cryptocurrencies and understand if there is a relationship between them, gain insight into the potential direction of value and analyze its feasibility, assess the probability of a given cryptocurrency advancing to higher levels, staying at the same level, or retracing to lower levels.

Although Fibonacci for Crypto offers valuable insight, it's essential for users to complement their analysis with an understanding of market fundamentals and other forms of technical analysis.

It's important to clarify that Fibonacci for Crypto does not predict price direction, nor does it define its limits.

Users are encouraged to exercise their own discernment when interpreting the provided data.