Range trading: Cryptocurrencies as for 24/08/2021
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%) 47560
Long position 2
(The price today will not fall below this mark with a probability 95%) 46705
Long position 3
(The price today will not fall below this mark with a probability 99%) 45850
Short position 1
(The price today will not rise above this mark with a probability of 68%) 50903
Short position 2
(The price today will not rise above this mark with a probability of 95%) 51758
Short position 3
(The price today will not rise above this mark with a probability of 99%) 52613
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3175.37
Long position 2
(The price today will not fall below this mark with a probability 95%) 3102.16
Long position 3
(The price today will not fall below this mark with a probability 99%) 3028.94
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3459.28
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3532.49
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3605.71
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1508
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.0916
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.0323
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3158
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3751
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.4344
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%) 47560
Long position 2
(The price today will not fall below this mark with a probability 95%) 46705
Long position 3
(The price today will not fall below this mark with a probability 99%) 45850
Short position 1
(The price today will not rise above this mark with a probability of 68%) 50903
Short position 2
(The price today will not rise above this mark with a probability of 95%) 51758
Short position 3
(The price today will not rise above this mark with a probability of 99%) 52613
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 3175.37
Long position 2
(The price today will not fall below this mark with a probability 95%) 3102.16
Long position 3
(The price today will not fall below this mark with a probability 99%) 3028.94
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3459.28
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3532.49
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3605.71
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1508
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.0916
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.0323
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3158
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3751
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.4344
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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