Range trading: Cryptocurrencies as for 07/02/2022

Feb 7, 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%) 40985
Long position 2
(The price today will not fall below this mark with a probability 95%) 39649
Long position 3
(The price today will not fall below this mark with a probability 99%) 38314

Short position 1
(The price today will not rise above this mark with a probability of 68%) 43697
Short position 2
(The price today will not rise above this mark with a probability of 95%) 45032
Short position 3
(The price today will not rise above this mark with a probability of 99%) 46368


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2890.48[/
Long position 2
(The price today will not fall below this mark with a probability 95%) 2773.00
Long position 3
(The price today will not fall below this mark with a probability 99%) 2655.52

Short position 1
(The price today will not rise above this mark with a probability of 68%) 3182.43
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3299.91
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3417.39

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6842
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6624
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6362

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7240
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.7398
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.7660


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