Range trading: Cryptocurrencies as for 29/01/2021

29 Jan 2021

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with the certain probability.

BTCUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 31177
Long position 2
(The price today will not fall below this mark with a probability of 95%) 29437
Long position 3
(The price today will not fall below this mark with a probability of 99%) 27696

Short position 1
(The price today will not rise above this mark with a probability of 68%) 36028
Short position 2
(The price today will not rise above this mark with a probability of 95%) 37768
Short position 3
(The price today will not rise above this mark with a probability of 99%) 39509

ETHUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 1223.73
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1156.05
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1088.37

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1440.83
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1508.51
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1576.19

XRPUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.2633
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.2461
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.2290

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.2924
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.3096
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.3267

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.