Range trading: Cryptocurrencies as for 05/03/2022

5 Mar 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%) 36701
Long position 2
(The price today will not fall below this mark with a probability 95%) 35222
Long position 3
(The price today will not fall below this mark with a probability 99%) 33744

Short position 1
(The price today will not rise above this mark with a probability of 68%) 41116
Short position 2
(The price today will not rise above this mark with a probability of 95%) 42594
Short position 3
(The price today will not rise above this mark with a probability of 99%) 44072


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2426
Long position 2
(The price today will not fall below this mark with a probability 95%) 2333
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%) 2795
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2889
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2982

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6638
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6402
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6165

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7647
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.7883
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8120


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