Range trading: Cryptocurrencies as for 25/08/2021
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%) 46201
Long position 2
(The price today will not fall below this mark with a probability 95%) 45412
Long position 3
(The price today will not fall below this mark with a probability 99%) 44622
Short position 1
(The price today will not rise above this mark with a probability of 68%) 49784
Short position 2
(The price today will not rise above this mark with a probability of 95%) 50574
Short position 3
(The price today will not rise above this mark with a probability of 99%) 51364
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3038.33
Long position 2
(The price today will not fall below this mark with a probability 95%) 2968.66
Long position 3
(The price today will not fall below this mark with a probability 99%) 2899.00
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3333.89
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3403.56
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3473.23
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.0690
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.0120
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.9549
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2378
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2948
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3519
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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