Range trading: Cryptocurrencies as of 02/04/2021

2 Apr 2021

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%) 57044
Long position 2
(the price today will not fall below this mark with a probability of 95%) 55847
Long position 3
(the price today will not fall below this mark with a probability of 99%) 54650

Short position 1
(the price today will not rise above this mark with a probability of 68%) 61509
Short position 2
(the price today will not rise above this mark with a probability of 95%) 62706
Short position 3
(the price today will not rise above this mark with a probability of 99%) 63902


ETHUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1896.67
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1855.59
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1815.11

Short position 1
(the price today will not rise above this mark with a probability of 68%) 2059.00
Short position 2
(the price today will not rise above this mark with a probability of 95%) 2099.78
Short position 3
(the price today will not rise above this mark with a probability of 99%) 2140.56

XRPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 0.5363
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.5073
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.4782

Short position 1
(the price today will not rise above this mark with a probability of 68%) 0.6135
Short position 2
(the price today will not rise above this mark with a probability of 95%) 0.6426
Short position 3
(the price today will not rise above this mark with a probability of 99%) 0.6716


Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren’t 100% guarantee of risk-free trading.


Tegs: ranger, range, volatility, oscillator, FOREX, kenji