4.5 0.5 Expansion

The 0.5 Fibonacci levels are less common to trade from with confluence.
However, there are instances where they have proven to yield results, especially in small-cap Alt-coins.
It is useful to know that certain trading bots are developed with these levels to target.
★ NOTE: One should never look to trade from these levels alone and we will never advise on the use of bots.

The 0.5 Fibonacci levels are less common to trade from with confluence.
However, there are instances where they have proven to yield results, especially in small-cap Alt-coins.
It is useful to know that certain trading bots are developed with these levels to target.
★ NOTE: One should never look to trade from these levels alone and we will never advise on the use of bots.

Key Points of the Lesson
UTILITY
The majority of bots work off Fibonacci. Entry, exit and SL can be programmed.
Works well on smaller cap Altcoins.

IMPLEMENTATION
Find out which level the bot/algorithm is working with (for example 0.5 Fib level). Use the Fibonacci retracement tool using two significant pivots.
If the internal 0.5 FIb level acts as resistance ⇒ use the other 0.5 levels as targets.
Levels:
0
0.5
1
-0.5
-1
-1.5
-2
-2.5
-3
-3.5

EXAMPLE BAT & LINK
Build extra confluence by combining these levels with other tools like horizontals, channels…

TIPS & TRICKS
The 0.5 template is a blueprint, modifications are allowed.
can be used in conjunction with other tools such as channels, horizontals and other Fib tools to build strong confluence.
Used on the 15 min-1 hour timeframe.

TAKE HOME MESSAGE
Used by bot/algorithm.
Check 0.5 level internal reaction.
Used on small cap Altcoins.

Levels 0.5 Fibonacci