Hello everyone, and welcome back to the KuCoin Technical Analysis video series! Last week we witnessed the unfortunate crash of Terra and its UST and Luna tokens, where billions of dollars have been wiped out from the market. Correctly understanding how to react to bear market conditions has become more critical than ever! This video will talk about using Fibonacci Retracement in the bear market and provide some trading tips for you! Happy Learning and Happy trading with KuCoin!
Timestamps for you~
00:43 Table of Content of Today’s Video
01:35 What are Fibonacci Retracement Levels?
02:51 How to Draw Fibonacci Retracement in KuCoin?
04:45 Trading Tips in Bear Market
About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focusing on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total assets to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.