Some info needed to the graph:
50.5% comes from what I'm guessing bitcoin to fall.
42 USD is current price of litecoin.
(I could be totally wrong)
The link below has another perspective of the same thing...
50.5% comes from what I'm guessing bitcoin to fall.
42 USD is current price of litecoin.
(I could be totally wrong)
The link below has another perspective of the same thing...
Note
I was sleepy during the calculation. The target for bitcoin should be $1170. Same calculation then yealds:1170/2511 = 46.6%
66.8% * 46.6% = 31.1%
31.1% * $42 = $13.07
THAT IS EXTREMELY CLOSE TO $13 !!!
WTF!?
Note
The ratio is actually going down... But not in the way I expected... I was right about this, but I seem to have no clue about cryptos... You should unsubscribe at this point, it's getting silly. I'll continue with the inaccurate analysis posts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.