Range trading: Cryptocurrencies as for 03/03/2022

Mar 3, 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%) 41628
Long position 2
(The price today will not fall below this mark with a probability 95%) 40145
Long position 3
(The price today will not fall below this mark with a probability 99%) 38661

Short position 1
(The price today will not rise above this mark with a probability of 68%) 45660
Short position 2
(The price today will not rise above this mark with a probability of 95%) 47143
Short position 3
(The price today will not rise above this mark with a probability of 99%) 48626


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2763
Long position 2
(The price today will not fall below this mark with a probability 95%) 2670
Long position 3
(The price today will not fall below this mark with a probability 99%) 2577

Short position 1
(The price today will not rise above this mark with a probability of 68%) 3097
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3190
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3283

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7288
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7043
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6798

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8223
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8468
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8714


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