Gunbot New Strategy Overview — Fibonacci Retracement

What’s exactly do Fibonacci numbers mean?
“A sequence in which each number is the sum of the two numbers that precede. It seems to be nature’s underlying principle behind life’s many events and phenomena.”

Leonardo Fibonacci also applied his life-inspired theory in conjunction with geometrical constructions. It is this marriage of concepts that continue to be used by crypto traders to help them get better entries and take profit levels.
Let’s explain first how mathematically this works.
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, …
We need to sum A+B = C after B+C = D and so on…
This sequence moves toward a certain constant irrational ratio, it represents a number with an endless, unpredictable sequence of decimal numbers, for the sake of brevity lets refer to it as 1.618…
1:1 = 1.0000, which is less than phi for 0.6180.
2:1 = 2.0000, which is more than phi for 0.3820.
3:2 = 1.5000, which is less than phi for 0.1180.
5:3 = 1.6667, which is more than phi for 0.0486.
8:5 = 1.6000, which is less than phi 0.0180.
As the Fibonacci sequence moves on, each new member will divide the next one, coming closer and closer to the unreachable phi. Fluctuations of the ratio around the value 1.618 for a lesser or greater value can also be seen when using the Elliott wave theory.

How this works:
It is a popular opinion that when correctly applied, the Fibonacci tools can successfully predict market behavior in 70% of cases, particularly when a specific price is predicted.