Fibonacci retracements is a method of technical analysis for determining support and resistance levels, based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. They are named after their use of the Fibonacci sequence. Used to: 1. Brokers 2. Altcoins, Bitcoin, cryptocurrency 3. Colors with indicators based on best buy/sell Fibonacci retracement is created by taking two extreme points (start point and end poi