Daan Crypto Trades|Nov 05, 2026 11:34
I love Fibonacci retracement levels. It doesn't matter which timeframe you're on (but higher is better), reactions are usually pretty solid. Especially when there is confluence with other indicators or horizontal levels.
GOLD Retesting its .382 from the entire rally from the past decade after losing -30% from last years highs. Solid level with yields starting to come down as well I think. This monthly candle is already close to engulfing the previous one.
BTC Lower timeframe example but also holding its .382 after the initial rally out of the bear market. Generally a good sign if it goes there and finds strength. When it does hold you can usually expect another follow up leg to come. Also already engulfing last week's candle.
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