Range trading: Cryptocurrencies as for 01/03/2022

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Range trading: Cryptocurrencies as for 01/03/2022

Range trading: Cryptocurrencies as for 01/03/2022

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Trade24Fx

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%) 41185
Long position 2
(The price today will not fall below this mark with a probability 95%) 39701
Long position 3
(The price today will not fall below this mark with a probability 99%) 38218

Short position 1
(The price today will not rise above this mark with a probability of 68%) 45434
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46918
Short position 3
(The price today will not rise above this mark with a probability of 99%) 48402

ETHUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 2752
Long position 2
(The price today will not fall below this mark with a probability 95%) 2660
Long position 3
(The price today will not fall below this mark with a probability 99%) 2568

Short position 1
(The price today will not rise above this mark with a probability of 68%) 3112
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3204
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3296

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7234
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7003
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6772

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8311
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8542
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8774

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

Source: Range trading: Cryptocurrencies as for 01/03/2022