Range trading: Cryptocurrencies as of 23/04/2021

23 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%) 48565
Long position 2
(the price today will not fall below this mark with a probability of 95%) 46968
Long position 3
(the price today will not fall below this mark with a probability of 99%) 45371

Short position 1
(the price today will not rise above this mark with a probability of 68%) 51904
Short position 2
(the price today will not rise above this mark with a probability of 95%) 53501
Short position 3
(the price today will not rise above this mark with a probability of 99%) 55098


ETHUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 2229.27
Long position 2
(the price today will not fall below this mark with a probability of 95%) 2141.27
Long position 3
(the price today will not fall below this mark with a probability of 99%) 2053.27

Short position 1
(the price today will not rise above this mark with a probability of 68%) 2328.55
Short position 2
(the price today will not rise above this mark with a probability of 95%) 2416.55
Short position 3
(the price today will not rise above this mark with a probability of 99%) 2504.55

XRPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 0.9405
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.8331
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.7257

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1318
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.2392
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3466


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.