Range trading: Cryptocurrencies as for 10/02/2022
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%) 42385
Long position 2
(The price today will not fall below this mark with a probability 95%) 41276
Long position 3
(The price today will not fall below this mark with a probability 99%) 40167
Short position 1
(The price today will not rise above this mark with a probability of 68%) 45666
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46775
Short position 3
(The price today will not rise above this mark with a probability of 99%) 47884
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3061.94
Long position 2
(The price today will not fall below this mark with a probability 95%) 2979.58
Long position 3
(The price today will not fall below this mark with a probability 99%) 2897.22
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3362.27
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3444.63
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3526.99
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.8259
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7890
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7520
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.9102
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.9472
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.9841
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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