𝗧𝗛𝗜𝗦 𝗙𝗜𝗕𝗢𝗡𝗔𝗖𝗖𝗜 𝗖𝗢𝗡𝗖𝗘𝗣𝗧 𝗜𝗦 𝗢𝗡𝗘 𝗢𝗙 𝗧𝗛𝗘 𝗠𝗢𝗦𝗧 𝗠𝗔𝗭𝗜𝗡𝗚 𝗠𝗔𝗚𝗜𝗖 𝗜𝗡 𝗧𝗛𝗜𝗦 𝗪𝗢𝗥𝗟𝗗😍

So the Fibonacci Concept is a mathematical concept based on a number pattern presented by Leonardo Fibonacci, an Italian mathematician.

📌 So why is this Fibonacci concept important to us who trade in financial markets. When most of the natural events that happen in this world happen according to this Fibonacci Concept, the Crypto Market that we all trade in also moves according to this Fibonacci Concept.

📌So we know that when a market moves in an uptrend, it moves by creating higher highs (HH) and higher lows (LL). Then after the market goes through an impulsive movement, a corresponding correction or a retracement movement should be formed. So, these Fibonacci levels are working in the market as retracement levels. .

📌You can use this Fibonacci concept to check the relevant retracement levels after an impulsive movement in the uptrend as well as in the downtrend.

📌Using the Fibonacci Concept, in addition to the retracement levels of the market, we can also find out how far the next impulsive movement related to this retracement will go.

📌So, isn't the Fibonacci Concept, which can find so many things, one of the most amazing magic in the world?😉