Hi @youngshkreli I have a question regarding this VAR.
One of the trendline I follow arrives around 4600 in 7 days.
I'm trying to determine how unlikely it is that we get there in exactly 7 days.
So how would you interpret this VaR? Means 4600 Very unlikely since it's in the extreme of the range, or quite possible?
@BCryptological, One of the GOAT followers. Kudos to you, my friend.
pablo36
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Nice to know, thanks.
MagicCrow
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what does it mean buddy can you explain briefly
CantorTechnologies
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@MagicCrow, I made a post explaining all of it before. It would have had VAR in the title. VAR = Value At Risk. It is a statistical tool that inputs volatility and standard deviation and can give you a forecast over some time interval for how extreme the price movements can be. Legally required to be used by banks at 95% or 99% confidence levels (based on sd). This is a 99% confidence interval. Thanks for the comment.
I have a question regarding this VAR.
One of the trendline I follow arrives around 4600 in 7 days.
I'm trying to determine how unlikely it is that we get there in exactly 7 days.
So how would you interpret this VaR? Means 4600 Very unlikely since it's in the extreme of the range, or quite possible?