The Fibonacci extension tool is a popular weapon used by many technical analysts to predict future buy/sell targets, or reversal points in a price trend. Let’s take a look at how it’s used and how well it works on Bitcoin price analysis and BTC trading charts. The Wonder of Fibonacci Numbers The Fibonacci sequence is a string of special numbers ‘discovered’ by an Italian mathematician named Leonardo Fibonacci, during the late 12th century. What isRead MoreThe post Bitcoin Price Analysis: Behold The Power of the Fibonacci Extension Tool appeared first on Bitcoinist.com.
