Range trading: Cryptocurrencies as for 17/02/2022
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%) 42407
Long position 2
(The price today will not fall below this mark with a probability 95%) 41497
Long position 3
(The price today will not fall below this mark with a probability 99%) 40587
Short position 1
(The price today will not rise above this mark with a probability of 68%) 45170
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46081
Short position 3
(The price today will not rise above this mark with a probability of 99%) 46991
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2977
Long position 2
(The price today will not fall below this mark with a probability 95%) 2913
Long position 3
(The price today will not fall below this mark with a probability 99%) 2849
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3237
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3302
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3366
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7870
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7504
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7140
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8695
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.9060
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.9425
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%) 42407
Long position 2
(The price today will not fall below this mark with a probability 95%) 41497
Long position 3
(The price today will not fall below this mark with a probability 99%) 40587
Short position 1
(The price today will not rise above this mark with a probability of 68%) 45170
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46081
Short position 3
(The price today will not rise above this mark with a probability of 99%) 46991
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2977
Long position 2
(The price today will not fall below this mark with a probability 95%) 2913
Long position 3
(The price today will not fall below this mark with a probability 99%) 2849
Short position 1
(The price today will not rise above this mark with a probability of 68%) 3237
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3302
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3366
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7870
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7504
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7140
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8695
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.9060
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.9425
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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