Fibonacci Levels Calculator for Crypto
Calculator inputs explained
The CryptoPitcher.com calculator calculates correction and extension levels in a rising or falling market. The following data is used for the calculation: minimum price (a), maximum price (b), and user value (c).
- Minimum price (a) — the lowest price of the asset for the selected period;
- Maximum price (b) — the upper price of the asset for the same period;
- User value (c) — the intermediate value of the asset between values (points) A and B. It is set by the trader as a possible pullback of the asset price after the trend.
The calculation result is presented in the form of two lists: levels and extensions. “Levels” is the calculation of the price correction between points A and B as a percentage. “Extensions” is information about the change in the value of the asset from the pullback point (C) as a percentage.
What are Fibonacci levels?
Fibonacci levels are used in technical analysis to determine the correction and extension of an asset’s price. They can be used to predict the retracement of an asset’s value within the current trend. Fibonacci levels are based on the Fibonacci sequence of numbers.
The Fibonacci sequence is a series of numbers where each subsequent value is equal to the sum of the previous two. That is, to get the next number in the series, you need to add the previous two numbers together. For example, before 21 in the sequence are the numbers 8 and 13, which add up to 21.
The Fibonacci sequence starts with 0 or 1. The list looks like this:
What are Fibonacci retracement levels?
Fibonacci retracement levels are a technical analysis tool that helps to find support and resistance points for an asset’s price after a strong trend (bear or bull).
Fibonacci retracement levels are used in trading to identify a possible price pullback after a strong trend. To calculate them on a chart, three points are selected: the maximum price, the minimum price, and the intermediate value between them (the predicted pullback).
What are Fibonacci extension levels?
Fibonacci extension levels are a technical analysis tool that helps predict the value of an asset after a pullback. The calculation is based on the pullback point (C), taking into account the range between points A and B.
Fibonacci extension levels are used in trading to predict targets when a trend resumes. This allows you to estimate how much the value of an asset may change from the retracement point based on past movements. This is how entry and exit points for the next trend are identified.
How to use the Fibonacci retracement level calculator
To calculate Fibonacci numbers online, you need to:
- Select the trend direction: rising or falling;
- Fill in three fields: maximum price (A), minimum price (B), and user value (C) — the price between points A and B.
How to use Fibonacci levels in trading?
The procedure for applying Fibonacci levels is as follows:
- Determine the current trend — in which direction the asset price is moving;
- Select points on the chart. First, find point A — in an uptrend, this is the lowest price at which the upward movement began, and in a downtrend, it is the highest price at which the decline began. Next, find point B — this is, respectively, the highest price during an uptrend or the lowest price during a downtrend. Between A and B, determine the retracement point C.
- Perform the calculation on a calculator. Use the data obtained to make decisions about entering or exiting a trade;
- When placing a buy or sell order, it is recommended to set a stop loss and take profit.
This will help you limit your losses and lock in your profits from the trade.To increase the accuracy of your analysis, it is recommended to use Fibonacci levels in combination with other technical indicators, such as:
- Moving averages;
- RSI (Relative Strength Index);
- MACD (Moving Average Convergence Divergence);
- Stochastic Oscillator.
