Range trading: Cryptocurrencies as for 23/02/2022

23 Feb 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%) 36456
Long position 2
(The price today will not fall below this mark with a probability 95%) 35433
Long position 3
(The price today will not fall below this mark with a probability 99%) 34411

Short position 1
(The price today will not rise above this mark with a probability of 68%) 39477
Short position 2
(The price today will not rise above this mark with a probability of 95%) 40500
Short position 3
(The price today will not rise above this mark with a probability of 99%) 41522


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2477
Long position 2
(The price today will not fall below this mark with a probability 95%) 2408
Long position 3
(The price today will not fall below this mark with a probability 99%) 2339

Short position 1
(The price today will not rise above this mark with a probability of 68%) 2780
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2849
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2918

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6657
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6323
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.5989

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7680
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8014
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8348


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