fibo
A fibo is short for fibonacci, a math concept frequently used by a daytrader or chartist to identify whether the price of a stock or crypto is set to rise or fall.
In practice, the chartist is almost always wrong is about to get riggity riggity wrecked.
In practice, the chartist is almost always wrong is about to get riggity riggity wrecked.
Guy in 2018: "Bro, Bitcoin is set to hit $100,000 before the end of year. Trust me, I checked the fibos and fibos never lie.
(The price of Bitcoin proceeds to go under $4,000 and the guy never financially recovers ever again.)
(The price of Bitcoin proceeds to go under $4,000 and the guy never financially recovers ever again.)
fibo by igotalottastuff June 20, 2020
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Urban Dictionary of Technology
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