As far as XRP not being used by banks you are already late to the party there, I'm sorry to tell you. They are already being utilized by them all across the world. The 2 fed cbdc pilots are both using RippleNet. The European Central Bank is using Ripple in their pilot. The Bank of England piloted their cbdc program in 2018 with, guess who, Ripple. Japan, Singapore, Malaysia, Thailand, Saudi Arabia, the UAE all Ripple partners now. I could list more too. How about PayPal, Microsoft, Bill and Melinda Gates Foundation. BofA, Wells Fargo, BNY Mellon. Seriously the list goes on and on.
So you read charts, what are your opinions on Coinskid, Dark Defender and Cryptowzrd? They are all calling for new ATH well above your predictions and all three were spot on about the most recent jump for the .60 to almost 2.00 and the correction afterwards.
Quoting: Anonymous Coward 79945378 I just checked out the first guy you mentioned, never heard of them before. I don't listen to anyone's thoughts but my own so this is new to me. Anyways, I checked out coinskid.
So he did a Fibonacci retracement of the recent pullback exactly like i did. So he knows basically exactly the same thoughts I know about the golden ratio (.618) rejecting it. But his fibonacci tool is not accurate. I don't know what in the hell he is using but his tool is giving broken targets. I'll explain.
My fib tool shows the following:
1 - 1.9705
.786 - 1.7354
.618 - 1.5509
.5 - 1.4213.382 - 1.2917
.236 - 1.1313
0 - .8721
His fib tool shows the following:
1- 1.9675
.786 - 1.6591
.618 - 1.4513
.5 - 1.3211.382 - 1.2026
.236 - 1.0706
0 - .8740
So our 1 and 0 numbers are identical. Because we fib'd the same target zone. But the rest of our numbers don't match up. This immediately caught my attention. So I'll show you why my fib tool is accurate and his is broken.
The .5 fib is exactly 50% between the 0 and the 1. So if you add the 1 and the 0 together and divide by 2, it equals the .5
Take my 0(.8721) + my 1(1.9705) = 2.8426
Divide 2.8426 by 2 which =
1.4213. Which is exactly what my .5 shows up above._________________________________________
Take his 0(.8740) + his 1(1.9675) = 2.8415
Divide 2.8415 by 2 which =
1.42075His .5 retracement shows 1.3211It is the same on logarithmic or non log scale. There is no logical reason for WHY his fib tool is showing incorrect data. He probably hasn't done the math to verify that his tool works. I have.
Just based on him using a faulty fib tool I am skeptical of the first guy.
