Steemit Crypto Academy [Intermediate Level Courses] Season 3 Week 7 Homework by @imagen "Fibonacci retracements"

Today am here to present my home work task for prof @imagen ,Which he talked about Fibonacci Retracements,Without wasting much time I would like to start my work immediately.

QUESTION ONE

1.) Who is Fibonacci? What is your most important contribution to mathematics?

Leonardo da Pisa was the real name of Fibonacci,But people use more of the Fibonacci because it was very popular.He was a popular mathematician from Italy.He was given birth in the year 1170 in Pisa in the Italy.Because of his great works he was having many awards.Some of his awards include,He was also regarded by the republic of pesa for giving advise to all the citizens and the general country on problems in accounting in the year 1240.He also introduced some books such as Liber Abaci in the year 1202, Practica Geometriae book also in the year 1220 and book Flos in the year 1225.Lets get to know some of his useful contributions in the areas of mathematics.

FIBONACCI USEFUL CONTRIBUTIONS IN THE AREA OF MATHEMATICS.

• Fibonacci institute the Arabic numbering system we have been learning in our various schools.

• Fibonacci institute the sequence of series we having learning in our various schools.

• Fibonacci institute the idea of square root we have been learning in our various schools.

• Fibonacci institute word of problem we have been learning in our various schools.
  

  
  
  
  QUESTION TWO

Describe in depth the golden ration. How is it obtained? N where is it located? Give examples of your application through history.

THE GOLDEN RATIO.

source

The golden ratio has been given several names such as divide proportion and golden mean,So you can use any of them.We call can see the golden ratio in most of our mathematics questions.We can make a golden ratio structurally with the help of a compass. We are also able to search for the golden ratio from the platonic and archimedean solids.
Now let’s get to know how we can successively get the ratio of term of the following Fibonacci numbers.
2246889...
The constant number of golden ratio is 1.61803 One may ask how did they come about with this,Is very simple.This is how it was brought up.(1+Root5) divided by 2.
This line segment is the ratio which is purposely use to slash two different bit of length,Making all the segments to a higher segment is the same to the ratio of the higher segment to a low segment.
A PRACTICAL EXAMPLE OF GETTING THE RATIO.
Take note these are my own examples.
Low length unit=1 units
High length segment=Y unit
Which we can have in this equation form.
(Y+1) divide Y=Y divide 1 making it (y+1)/y=y/1
This can be arranged in a quadratic equation as we all having an idea on how to arrange and solve quadratic question.
Y2-y-1
Using this formulae (1+Root5) divided by 2.When will have the golden ratio to be Y=(1+ Root 5) divide by 2.

QUESTION THREE

Describe how fibonacci is used in tradingview. show screenshot

First step.

You first need to launch your chart and take any pair of your choice.I personally took the STEEMUDST pair.

Second step

You will look for indicators on the chart and click on it and you will also need to look for the incorporated option is within the indicators option.

Third step.

You then look for our Auto Fib Retracement in the indicator search box and click on it.

Fourth step.

You can see from my picture below,After clicking on the Auto Fib Retracements we were able to get the line that gave us feasible Retracements points depending on the percentage of the Fibonacci.

QUESTION FOUR

QUESTION FIVE

What are fibonacci extensions

The Fibonacci Retracements are tool usually used for examining trending conduct,Which has being going far of usual Retracements.This help the user to get more informations about the raising and falling prices on market.

To keep this in mind that reversal values of percentage includes 23.6%,38.2,62.8%.And we have additional values to be 61.8%,100%,138.2%,161.8%,238.2%,261.8%,423.8%.

Similar to Fibonacci Retracements,Additional value really help users by giving out transparent information that is a tip of when the price on market is about to change,That is if is in a the ongoing of their trend moves.

CONCLUSION

Fibonacci has really play a great role in so many importance areas especially in mathematics side,He has also make some calculations in topics such as word problems,Sequences series,Square root and Arabic numbering system very simple and comprehensive.Also the Fibonacci sequence take place everywhere around the world and is a exact method use for Checking all the possible regression in prices.We also join them with additional we will be able to get planned point to purchase,Having an idea it will be getting expect of momentum for other users on huge scale.The Fibonacci and ratio are discovered in all the elements that lives in nature. This has really help plenty improving science to have an element of Fibonacci ratio in it.The Fibonacci ratio and numbers is used to check the appropriate time to sell or buy to earn much profit.