Fibonacci Retracement Tutorial
This is a follow-up to my previous post about how I use the Fibonacci Retracement tool to find opportunities in retracements of an up trend. I don't usually post video "tutorials" of how I analyse the markets but I decided that I would give it a go and maybe create a mini-series on some of the tools I use to spot opportunities in the market. I would love some feedback on the video quality and presentation style.
**Additionally** I wanted to share a quick trade idea on today's BTC/USDT chart.
BTC/USDT reached the 61% retracement level from its last bearish move and reversed. If it breaks through the 50% and 61% resistance levels then we will most likely see another reversal back downward at the 78.6% level. So I would suggest that you keep an eye on the chart and wait for confirmation that it is actually reversing.