The other day I went to Target for BTC using Fibonacci Extension, and it was accurate. So for those interested, asking how to draw it. Friend G scheduled for today at noon but I've been chilling all morning to ease my headache, so I can only write this now:
💥 Preparation before drawing:
Identify 3 points:
Point 1 (Start - A): the bottom that starts the uptrend.
Point 2 (Peak - B): the first peak of the uptrend.
Point 3 (Retrace - C): the bottom of the correction after peak B.
(A ➔ B ➔ C: in order.)
💥 How to draw:
Use the Fibonacci Extension tool (available on both TradingView and Binance):
Click on bottom A → drag up to peak B → drag back down to correction bottom C.
The system will automatically draw standard Extension levels such as:
100% (AB = BC)
123.6%, 138.2%, 150%, 161.8%, 175%,...
💥 Explanation of target levels:
100%: Price reaches exactly the first wave AB → usually the first safe target.
123.6%: Small extension target (short term).
138.2%: Medium term target.
150% and 161.8%: Important targets for strong waves.
175% and above: Further targets for extremely strong waves.
--->> Everyone try to "explore" nhé. Friend G attached a picture from the other day, but today I'm lazy 😆