You are viewing a single comment's thread from:
RE: 420 Dollar Per Coin: Comparing The Volatility Of Litecoin With Other Assets Shows Its Growth Potential
Volatility is the reflection of sentiment and so it too will correlate with other TA methods. Your analysis is quite good.
My Elliott Wave Counts and Chart Patterns show similar targets because they too measure price which is a reflection of sentiment.
However, there is a famous saying: "What are words but symbols of symbols, hence twice removed from reality."
To that end, our methods are twice removed from true thought that drives sentiment which drives price/volatility/correlation. Thus, can never be perfect.
Thanks for the answer. The method is a rule of thumb, I guess, but surely no exact science. When you consider that I compare percentages and not real values, it is not twice but even three times removed from reality;-)
What gives me confidence in the number is the fact that we both came to the same conclusion using very different methods (you: the price and it's peaks, I: the average volatility). This gives the whole assessment a robust impression, as I think.