Range trading: Cryptocurrencies as for 12/03/2022
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%) 36949
Long position 2
(The price today will not fall below this mark with a probability 95%) 35511
Long position 3
(The price today will not fall below this mark with a probability 99%) 34073
Short position 1
(The price today will not rise above this mark with a probability of 68%) 41023
Short position 2
(The price today will not rise above this mark with a probability of 95%) 42461
Short position 3
(The price today will not rise above this mark with a probability of 99%) 43899
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2421
Long position 2
(The price today will not fall below this mark with a probability 95%) 2331
Long position 3
(The price today will not fall below this mark with a probability 99%) 2240
Short position 1
(The price today will not rise above this mark with a probability of 68%) 2732
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%) 2913
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7905
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7679
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7452
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8545
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8771
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8998
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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