Friends of 4xQuad,
Just released are two targets and a solid support referenced by the RED dashed line. Several technical events worth noting, most noticeably a positive divergence conjugated with a spike. These two events are multiplicative ... NOT random, hence our targets.
David Alcindor | 4xQuad.com
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
If it had a 'certain average ratio to maintain', then this would imply, no matter how much adoption, acceptance, integration BTC has... LTC will always follow, which is of course, completely untrue.
Read here for more info; http://www.reddit.com/r/litecoin/comments/1rsyl2/why_judging_litecoins_price_in_terms_of_ltcbtc_is/
This represents the crux of our consistent dead-on hits and precise forecasting of reversals. Traders have two options: 1) Realizing this "market physiologic" fact and derive profit from it, or 2) Postpone the acceptance of basic truths and delay their chance to live from it. The former mindset will tend benefit from profitable trading, as the trader rows his little dingy boat with the market stream; the latter mindset will tend to keep the trader from discovering new truths, as he depletes more energy than the market has time to outlive all allusions to the contrary.
I say this not to participate in any polemic, but to confirm years of painful experience and tedious learn, when in fact a shortcut existed all along, which was to accept simple facts about the market. What @ronfkingswanson mentioned is one central and so simple fact about this trading activity of ours.