Range trading: Cryptocurrencies as for 09/02/2022
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%) 42256
Long position 2
(The price today will not fall below this mark with a probability 95%) 40929
Long position 3
(The price today will not fall below this mark with a probability 99%) 39601
Short position 1
(The price today will not rise above this mark with a probability of 68%) 45306
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46634
Short position 3
(The price today will not rise above this mark with a probability of 99%) 47962
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2946.31
Long position 2
(The price today will not fall below this mark with a probability 95%) 2830.73
Long position 3
(The price today will not fall below this mark with a probability 99%) 2715.16
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3250.45
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3366.03
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3481.60
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.8482
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.8093
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7704
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.9021
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.9410
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.9799
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
Авторские индикаторы
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.