Trade24Fx

Range trading: Cryptocurrencies as for 26/02/2022

BITSTAMP:BTCUSD   Bitcoin

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%) 38121
Long position 2
(The price today will not fall below this mark with a probability 95%) 37051
Long position 3
(The price today will not fall below this mark with a probability 99%) 35981

Short position 1
(The price today will not rise above this mark with a probability of 68%) 41309
Short position 2
(The price today will not rise above this mark with a probability of 95%) 42379
Short position 3
(The price today will not rise above this mark with a probability of 99%) 43449


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2668
Long position 2
(The price today will not fall below this mark with a probability 95%) 2591
Long position 3
(The price today will not fall below this mark with a probability 99%) 2513

Short position 1
(The price today will not rise above this mark with a probability of 68%) 2975
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3052
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3130

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.7290
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.6976
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.6663

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8331
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.8645
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8958


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


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