Range trading: Cryptocurrencies as for 13/03/2022
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%) 37098
Long position 2
(The price today will not fall below this mark with a probability 95%) 35603
Long position 3
(The price today will not fall below this mark with a probability 99%) 34109
Short position 1
(The price today will not rise above this mark with a probability of 68%) 40910
Short position 2
(The price today will not rise above this mark with a probability of 95%) 42404
Short position 3
(The price today will not rise above this mark with a probability of 99%) 43898
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2435
Long position 2
(The price today will not fall below this mark with a probability 95%) 2339
Long position 3
(The price today will not fall below this mark with a probability 99%) 2244
Short position 1
(The price today will not rise above this mark with a probability of 68%) 2727
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2823
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2918
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7437
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7212
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6987
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8401
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8626
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8851
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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