One of the most popular tools traders use to improve their timing and make more informed decisions is Fibonacci retracement. They help traders predict potential support and resistance levels and provide a clearer picture of where the market might be headed next. For new and experienced traders, this tool can become a vital part of their strategy when trying to optimize crypto trades. What Are Fibonacci Retracement Levels? Fibonacci retracement levels are derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8,…