Range trading: Cryptocurrencies as of 19/05/2021

May 19, 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%) 39313
Long position 2
(the price today will not fall below this mark with a probability of 95%) 37509
Long position 3
(the price today will not fall below this mark with a probability of 99%) 35704

Short position 1
(the price today will not rise above this mark with a probability of 68%) 43228
Short position 2
(the price today will not rise above this mark with a probability of 95%) 45033
Short position 3
(the price today will not rise above this mark with a probability of 99%) 46837


ETHUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 3027.73
Long position 2
(the price today will not fall below this mark with a probability of 95%) 2685.21
Long position 3
(the price today will not fall below this mark with a probability of 99%) 2702.69

Short position 1
(the price today will not rise above this mark with a probability of 68%) 3290.65
Short position 2
(the price today will not rise above this mark with a probability of 95%) 3453.17
Short position 3
(the price today will not rise above this mark with a probability of 99%) 3615.69

XRPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.4184
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3420
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.2655

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.6059
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.6824
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.7589


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.