Range trading: Cryptocurrencies as of 11/05/2021

11 may 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%) 53046
Long position 2
(the price today will not fall below this mark with a probability of 95%) 51736
Long position 3
(the price today will not fall below this mark with a probability of 99%) 50425

Short position 1
(the price today will not rise above this mark with a probability of 68%) 57920
Short position 2
(the price today will not rise above this mark with a probability of 95%) 59230
Short position 3
(the price today will not rise above this mark with a probability of 99%) 60541


ETHUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 3741.02
Long position 2
(the price today will not fall below this mark with a probability of 95%) 3611.55
Long position 3
(the price today will not fall below this mark with a probability of 99%) 3482.08

Short position 1
(the price today will not rise above this mark with a probability of 68%) 4051.84
Short position 2
(the price today will not rise above this mark with a probability of 95%) 4181.31
Short position 3
(the price today will not rise above this mark with a probability of 99%) 4310.79

XRPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.2417
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1491
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.0566

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.5578
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.6504
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.7429


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.