As I have shown in previous posts for other assets, these are the expected price levels explained as midpoints adhering to Benford's Law, also known as the Law of Anomalous Numbers. Even though these gridlines shown are not always the price level of a reversal, we see that oftentimes these midpoints do in fact act as support or resistance, and the midpoints not...
Gold is another asset that I follow and am not surprised to see it adhere to the principle of midpoints as explained by Benford's Law, also known as the Law of Anomalous Numbers. These gridlines I've drawn are midpoints and viewed on a logarithmic chart in order to more easily compare rates of change across magnitudes of price over a long period time. I have...
Continuing the series as we consider the validity of this approach, here are the midpoints across magnitudes for Bitcoin. For more information regarding the origin of this analysis please refer to previous posts linked below. Benford's Law, also known as the Law of Anomalous Numbers, describes the tendency of the leading digit of an unrestricted collection of...
I decided to also include my Benford's Law analysis to the XNO/BTC pair. The base or format for displaying price should not alter the significance of the midpoints. Refer to my previous posts for more information related to this.
I have already introduced the Law of Anomalous Numbers, also known as Benford's Law. While using a Logarithmic price scale helps give perspective to the change in price over time, I have added additional lines equally spaced at each magnitude to further clarify price action. I first split each magnitude in half by taking the square root of 10, which equals 3.16....
In a previous post we discussed the significance of price levels. Prior highs and lows are often revisited, sometimes more than once and act as resistance and support. Like a magnet these major and minor highs and lows appear to attract and repel price over time. With this information we drew trendlines creating channels in order to anticipate future price...
If you’ve read any of my ramblings you will know I like looking for patterns. I think that's why I was so attracted to the stock market and economics. 3n+1 known as the Collatz Conjecture is an unsolved math problem I won’t get into here except to point out how similar I find it to Covid. No matter the number of infections or vaccinations, we always end up back...
About As seen in "Digits", the fourth episode of the Netflix series Connected , Benford's Law is applicable to almost every data set that is said to be randomly occurring such as the global financial markets. The law is most frequently used for surveillance and detection of fraud, money laundering, and manipulation of data. Auditors world-wide have studied and...