Range trading: Cryptocurrencies as for 21/08/2021
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%) 47005
Long position 2
(The price today will not fall below this mark with a probability 95%) 46199
Long position 3
(The price today will not fall below this mark with a probability 99%) 45394
Short position 1
(The price today will not rise above this mark with a probability of 68%) 50935
Short position 2
(The price today will not rise above this mark with a probability of 95%) 51741
Short position 3
(The price today will not rise above this mark with a probability of 99%) 52547
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3096.80
Long position 2
(The price today will not fall below this mark with a probability 95%) 3024.26
Long position 3
(The price today will not fall below this mark with a probability 99%) 2951.72
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3427.49
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3500.03
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3572.57
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1748
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1126
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.0505
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3405
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.4026
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.4648
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%) 47005
Long position 2
(The price today will not fall below this mark with a probability 95%) 46199
Long position 3
(The price today will not fall below this mark with a probability 99%) 45394
Short position 1
(The price today will not rise above this mark with a probability of 68%) 50935
Short position 2
(The price today will not rise above this mark with a probability of 95%) 51741
Short position 3
(The price today will not rise above this mark with a probability of 99%) 52547
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3096.80
Long position 2
(The price today will not fall below this mark with a probability 95%) 3024.26
Long position 3
(The price today will not fall below this mark with a probability 99%) 2951.72
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3427.49
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3500.03
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3572.57
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1748
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1126
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.0505
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3405
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.4026
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.4648
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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