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UbiquitousAngles
Feb 9, 2024 8:17 PM

Benford's Law Applied to Nano (XNO/BTC) 

XNO / BitcoinBinance

Description

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.
Comments
mdtayloresq
Hey, I like this idea and have used the numbers in retracments and extensions. Very interesting.
UbiquitousAngles
@mdtayloresq, I'm glad you've found this to be valuable. Looks like I posted it just in time for this pair to respect the 0.0000237 price level. I have more work to do with moving averages, but at some point later this year I'll introduce Elliot Wave Theory. Not much can be said using this approach in isolation, but in conjunction with other indicators or patterns, I've found these numbers to be most useful as an early confirmation or reason to be patient in waiting for a reversal or breakout.
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