Range trading: Cryptocurrencies as of 22/04/2021

Apr 22, 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%) 51408
Long position 2
(the price today will not fall below this mark with a probability of 95%) 49858
Long position 3
(the price today will not fall below this mark with a probability of 99%) 48308

Short position 1
(the price today will not rise above this mark with a probability of 68%) 55862
Short position 2
(the price today will not rise above this mark with a probability of 95%) 57412
Short position 3
(the price today will not rise above this mark with a probability of 99%) 58962


ETHUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 2268.89
Long position 2
(the price today will not fall below this mark with a probability of 95%) 2195.53
Long position 3
(the price today will not fall below this mark with a probability of 99%) 2122.17

Short position 1
(the price today will not rise above this mark with a probability of 68%) 2498.35
Short position 2
(the price today will not rise above this mark with a probability of 95%) 2571.71
Short position 3
(the price today will not rise above this mark with a probability of 99%) 2645.07

XRPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1181
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.9971
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.8761

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.4894
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.6104
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.7314


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.