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Range trading: Cryptocurrencies as for 11/03/2022

Started by forex4you, Mar 11, 2022, 08:28 am

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Range trading: Cryptocurrencies as for 11/03/2022



Range trading: Cryptocurrencies as for 11/03/2022




Bitcoin / U.S. dollar BITSTAMP:BTCUSD





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%) 36976
Long position 2
(The price today will not fall below this mark with a probability 95%) 35575
Long position 3
(The price today will not fall below this mark with a probability 99%) 34173


Short position 1
(The price today will not rise above this mark with a probability of 68%) 40719
Short position 2
(The price today will not rise above this mark with a probability of 95%) 42120
Short position 3
(The price today will not rise above this mark with a probability of 99%) 43522


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2425
Long position 2
(The price today will not fall below this mark with a probability 95%) 2338
Long position 3
(The price today will not fall below this mark with a probability 99%) 2250


Short position 1
(The price today will not rise above this mark with a probability of 68%) 2710
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2797
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2884


XRPUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6891
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6652
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6413


Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7790
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8029
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8268


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 11/03/2022
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