Fibonacci Retracement Tool will help you predict whether it’s the best time to buy or just to do nothing.
The Fib Retracement is our favorite tool. Believe it or not – it works. You only have to read its result/diagram correct.
Everyone has his own way of using this tool. In this lesson we will show you our way of using it. Some of you may find it stupid… and others may get rich :)
JUST FOLLOW THE NEXT 4 STEPS!
STEP 1: Enter your Coinigy account and choose the wanted CC.
STEP 2: Select the “Fib Retracement” tool from the “Pitchfork” menu.
STEP 3: Select DIP and TOP.
STEP 4: Read the diagram.
WMT WAY OF READING THE DIAGRAM.
There are 3 main zones and 7 subzones.
MAIN ZONES:
1. Observe Only - This is the “Sit back and relax” zone. Just do nothing.
2. Stay Sharp and Prepare for Action! - Do what it says.
3. “Sleeping Giant” Zone - It may be your “Early Retirement”. It may be your “Game Over”. If you want to risk it all - it’s your call.
SUBZONES:
1. Pass It Zone - 90% risk of getting burned if investment is made.
2. Stability Zone - You will have to wait till it passes.
3. Turbulent Zone - Buckle up... it will be one hell of a ride!
4. FOMO Alert - It can be too early to start buying. High risk of making bad decisions.
5. Action time! DO NOT MISS! - The best zone for buying!
6. Last Call - You can wait a bit more or start buying.
7. Take action NOW! - BUY OR REGRET!
If you have any questions to the WMT – leave them as a comment in the comments section. The WMT will give an answer to the Top 5 upvoted questions.
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