Range trading: Cryptocurrencies as for 25/02/2022
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
BTCUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 36788
Long position 2
(The price today will not fall below this mark with a probability 95%) 35695
Long position 3
(The price today will not fall below this mark with a probability 99%) 34602
Short position 1
(The price today will not rise above this mark with a probability of 68%) 40408
Short position 2
(The price today will not rise above this mark with a probability of 95%) 41501
Short position 3
(The price today will not rise above this mark with a probability of 99%) 42595
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2450
Long position 2
(The price today will not fall below this mark with a probability 95%) 2368
Long position 3
(The price today will not fall below this mark with a probability 99%) 2286
Short position 1
(The price today will not rise above this mark with a probability of 68%) 2786
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2868
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2949
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6418
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6082
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.5746
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7514
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.7850
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8185
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading
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