Range trading: Cryptocurrencies as for 05/07/2021

5 jul 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%) 32899
Long position 2
(The price today will not fall below this mark with a probability 95%) 31890
Long position 3
(The price today will not fall below this mark with a probability 99%) 30882

Short position 1
(The price today will not rise above this mark with a probability of 68%) 36475
Short position 2
(The price today will not rise above this mark with a probability of 95%) 37484
Short position 3
(The price today will not rise above this mark with a probability of 99%) 38492


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2135.94
Long position 2
(The price today will not fall below this mark with a probability 95%) 2068.17
Long position 3
(The price today will not fall below this mark with a probability 99%) 2000.41

Short position 1
(The price today will not rise above this mark with a probability of 68%) 2432.58
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2500.35
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2568.11

XRPUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6303
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.5904
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.5506

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7382
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.7781
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8180


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