You make an interesting observation about Bitcoin's behavior on Fibo grid levels in long-term timeframes. It's essential to consider both short-term and long-term perspectives when trading cryptocurrenciesBitcoin is not bad at Fibo grid levels on long-term timeframes. On short-term periods, it is weakly predictable at any time of the day.
The daily candle close is a critical point for many traders, and I agree that it's important to pay attention to the first trades and the direction of the fresh daily candle to make informed decisions.I like to watch and plan my trades once the new daily candle gets created on many cryptoexchanges, which is usually UTC 00:00:00, so you can calculate what time that is in your own timezone. First trades and the direction of the fresh daily candle is always important, as the close of the previous day.
You make an interesting observation about Bitcoin's behavior on Fibo grid levels in long-term timeframes. It's essential to consider both short-term and long-term perspectives when trading cryptocurrencies
Have you had any particularly successful trades using this approach?I like to watch and plan my trades once the new daily candle gets created on many cryptoexchanges, which is usually UTC 00:00:00, so you can calculate what time that is in your own timezone. First trades and the direction of the fresh daily candle is always important, as the close of the previous day.