Range trading: Cryptocurrencies as of 24/11/2021

Range trading: Cryptocurrencies as of 24/11/2021

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%) 54907
Long position 2
(the price today will not fall below this mark with a probability of 95%) 53601
Long position 3
(the price today will not fall below this mark with a probability of 99%) 52295

Short position 1
(the price today will not rise above this mark with a probability of 68%) 59005
Short position 2
(the price today will not rise above this mark with a probability of 95%) 60311
Short position 3
(the price today will not rise above this mark with a probability of 99%) 61617

ETHUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 4108.51
Long position 2
(the price today will not fall below this mark with a probability of 95%) 4010.53
Long position 3
(the price today will not fall below this mark with a probability of 99%) 3912.56

Short position 1
(the price today will not rise above this mark with a probability of 68%) 4484.37
Short position 2
(the price today will not rise above this mark with a probability of 95%) 4582.35
Short position 3
(the price today will not rise above this mark with a probability of 99%) 4680.32

XRPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.0060
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.9606
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.9153

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1056
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1510
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1963

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.