Fibonacci: The Golden Ratio Over the years I've been immersed in the trading world, I've explored and tried just about everything. I've gone through indicators like the RSI, volume analysis, and even studied order flow in detail. There was a time when I decided to trade without candles, just looking at raw amounts and data - an interesting experiment, but I admit it wasn't my style. I tried almost every visual method out there to understand price behavior and market movements, from bar charts to simple lines, but in the end, I came back to the classic: Japanese candles. There's something about that representation that allows me to "feel" the market in a way that other methods don't.
Today I will tell you about crypto credit and debit cards that have revolutionized the way users access and use their digital assets, facilitating the conversion of cryptocurrencies into fiat currency for everyday use. These cards allow purchases and withdrawals at ATMs, integrating cryptocurrencies into daily life more seamlessly.
Types of Crypto Cards:
Crypto Credit Cards: These work like traditional credit cards, but rewards are given in the form of cryptocurrency. By making purchases, users accumulate cryptocurrency as benefits, offering an additional form of investment.
I present you an analysis of XRP, remember I only share my own trades and they are not investment advice.
Signal Type: SpotBuyBuy Input between .65 / .55 First target (Take profit 1): $1.00 Second objective (Take profit 2): $1.50 Third target (Take profit 3): $1.80
Analysis Detail:
1. 📈 Developing Symmetrical Triangle: The formation of an extended symmetrical triangle on the XRP chart shows how the price has been compressing since the 2018 peak. This compression is a classic sign of accumulation before a directional breakout. Since the price is pushing the descending resistance line, this points to a possible breakout.
Any ways to identify a “Pump” vs. a Real Capital Entry? 💸 Sometimes it can be difficult to know if a rapid price movement is just a “pump” or if real money is actually entering the market. For me, there are several key details that help me differentiate it: Volume: A "pump" often starts with a very high volume that drops quickly, which could indicate manipulation. But if the volume remains constant over several candles (like in 5 or 15 minutes), it is more likely to be real money coming in. 📊
Today I want to delve into the exciting moment we are experiencing with Bitcoin, which has broken its all-time high and reached $87,000. These types of movements generate a lot of enthusiasm in the market, and it is essential that we maintain a clear and strategic vision to understand how far the price could go. First, let's talk about how to project these higher levels. Personally, I use Fibonacci extensions to define possible target areas where the price could face resistance. This tool is essential for understanding how far a rally can extend before the euphoria begins to moderate. With the current price at $87,000, we are already seeing buying pressure that has created a Fair Value Gap (FVG) on the chart. This imbalance is the result of a strong upward thrust where buy orders came in so quickly that they left a zone without enough liquidity in the way.