Range trading: Cryptocurrencies as for 02/03/2022
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%) 42236
Long position 2
(The price today will not fall below this mark with a probability 95%) 40754
Long position 3
(The price today will not fall below this mark with a probability 99%) 39273
Short position 1
(The price today will not rise above this mark with a probability of 68%) 46351
Short position 2
(The price today will not rise above this mark with a probability of 95%) 47832
Short position 3
(The price today will not rise above this mark with a probability of 99%) 49313
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2822
Long position 2
(The price today will not fall below this mark with a probability 95%) 2733
Long position 3
(The price today will not fall below this mark with a probability 99%) 2644
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3137
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3226
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3315
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7211
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6970
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6728
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8292
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8533
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8774
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
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%) 42236
Long position 2
(The price today will not fall below this mark with a probability 95%) 40754
Long position 3
(The price today will not fall below this mark with a probability 99%) 39273
Short position 1
(The price today will not rise above this mark with a probability of 68%) 46351
Short position 2
(The price today will not rise above this mark with a probability of 95%) 47832
Short position 3
(The price today will not rise above this mark with a probability of 99%) 49313
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2822
Long position 2
(The price today will not fall below this mark with a probability 95%) 2733
Long position 3
(The price today will not fall below this mark with a probability 99%) 2644
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3137
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3226
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3315
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7211
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6970
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6728
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8292
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8533
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8774
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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