All Fibonacci trading tools are based on the simple calculation made by the Italian Mathematician Leonardo Pisano, a.k.a. Fibonacci back in the 13th century. The Fibonacci number sequence is based on the postulate that every number is after 0 and 1 equals the sum of the two previous numbers. So the sequence looks like this: …
Month: February 2019
What are Bollinger Bands and How to Utilize them for Cryptocurrency Trading
Bollinger Bands are a combination of the 20-day Exponential Moving Average (EMA) and two bands forming channels, representing the price volatility. The Bollinger Bands’ channels are calculated by simply adding and subtracting a standard deviation calculation – a mathematical formula that measures how much the price of a cryptocurrency can vary from its true value. …