Range trading: Cryptocurrencies as of 03/09/2021

By Trade24Fx
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

snapshot

Long position 1
(the price today will not fall below this mark with a probability of 68%) 47547
Long position 2
(the price today will not fall below this mark with a probability of 95%) 56943
Long position 3
(the price today will not fall below this mark with a probability of 99%) 46339

Short position 1
(the price today will not rise above this mark with a probability of 68%) 50416
Short position 2
(the price today will not rise above this mark with a probability of 95%) 51020
Short position 3
(the price today will not rise above this mark with a probability of 99%) 51624


ETHUSD

snapshot

Long position 1
(the price today will not fall below this mark with a probability of 68%) 3627.43
Long position 2
(the price today will not fall below this mark with a probability of 95%) 3542.42
Long position 3
(the price today will not fall below this mark with a probability of 99%) 3457.40

Short position 1
(the price today will not rise above this mark with a probability of 68%) 3909.12
Short position 2
(the price today will not rise above this mark with a probability of 95%) 3994.13
Short position 3
(the price today will not rise above this mark with a probability of 99%) 4079.15

XRPUSD

snapshot

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1929
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1554
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1178

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3161
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3536
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3912


Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren’t 100% guarantee of risk-free trading.
CryptocurrencykenjiOscillatorsrangerangerVolatility
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