Currently, the price has been within channel seven for 27 days. This is well above the average of 21.82 days. However, this is only within the confidence interval of 42.5%. This will climb very quickly to 90% if the price stays within this channel for another 9 days. The probability of a move into channel 8 is as follows:
9/18/17(Today): 42.5%
9/19/17: 50
9/20/17: 56.5%
9/21/17: 62%
9/21/17: 67.5%
9/22/17: 72%
9/23/17: 76%
9/24/17: 79.5%
9/25/17: 82.5%
9/26/17: 85%
9/27/17: 87%
9/28/17: 89%
9/18/17(Today): 42.5%
9/19/17: 50
9/20/17: 56.5%
9/21/17: 62%
9/21/17: 67.5%
9/22/17: 72%
9/23/17: 76%
9/24/17: 79.5%
9/25/17: 82.5%
9/26/17: 85%
9/27/17: 87%
9/28/17: 89%
評論:
79.5% confidence of a move into the next channel.
評論:
82.5%
評論:
Today, XRP broke up to channel 8 at the 85% CI.
Hello GrantPeace, can you explain what the percentile means? What does 90% Confidence Interval and: 7.66 - 35.97 mean? I am really new to this.
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@wilson1stop, Confidence Interval (CI) is a method in statistics developed by Jerzy Neyman that is determined by what amount of samples within a population lie within a specific range. This allows us to determine the probability of a future event.
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@unitednoobies, It means we can be 90% sure it will move into the next zone during that day (9/29/17). Today we are 62% sure it will move into the next zone - not very confident.
90% is very confident.
90% is very confident.
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@GrantPeace, Ah it makes perfect sense now. Thank you. I am a long term holder of xrp, however, I am waiting to see how XRP will perform before, during, and after the SWELL conference meeting.
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