## Why do traders scrutinize golden numbers on charts?
Proponents of technical analysis assert that certain price movements are not random. They would follow a mysterious proportion dating back to ancient mathematics. This proportion, designated by the Greek letter phi (φ), is known as the golden ratio—approximately 1.6180339887. In the markets, particularly in the cryptocurrency market, many analysts rely on these golden numbers to identify where prices might rebound or collapse.
## A mathematical harmony found everywhere
The golden ratio has fascinated for centuries. It can be found in natur
View OriginalProponents of technical analysis assert that certain price movements are not random. They would follow a mysterious proportion dating back to ancient mathematics. This proportion, designated by the Greek letter phi (φ), is known as the golden ratio—approximately 1.6180339887. In the markets, particularly in the cryptocurrency market, many analysts rely on these golden numbers to identify where prices might rebound or collapse.
## A mathematical harmony found everywhere
The golden ratio has fascinated for centuries. It can be found in natur