A dear friend who lives in Poland created a renko bar chart for me to go along with a Fibonacci indicator she also created for me. I’ve been using 2-tick renko bar charts to fine-tune entries ...

Notice the chart above which displays both Renko bars and a 13-period exponential moving average. A simple system can be built around the Renko bars and the moving average.

BTC bottom in, believes Peter Brandt Despite his confidence in the Renko chart, Brandt remains grounded in reality, emphasizing the unpredictable nature of financial markets.