Range trading: Crypto currency market as for 19/11/2019
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with the certain probability.
BTCUSDLong position 1
(The price today will not fall below this mark with a probability of 68%) 7865
Long position 2
(The price today will not fall below this mark with a probability of 95%) 7724
Long position 3
(The price today will not fall below this mark with a probability of 99%) 7583
Short position 1
(The price today will not rise above this mark with a probability of 68%) 8442
Short position 2
(The price today will not rise above this mark with a probability of 95%) 8583
Short position 3
(The price today will not rise above this mark with a probability of 99%) 8724
ETHUSDLong position 1
(The price today will not fall below this mark with a probability of 68%) 170.93
Long position 2
(The price today will not fall below this mark with a probability of 95%) 168.68
Long position 3
(The price today will not fall below this mark with a probability of 99%) 166.43
Short position 1
(The price today will not rise above this mark with a probability of 68%) 182.80
Short position 2
(The price today will not rise above this mark with a probability of 95%) 185.05
Short position 3
(The price today will not rise above this mark with a probability of 99%) 187.30
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.2416
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.2337
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.2252
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.2624
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.2706
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.2788
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
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