Trade24Fx

Range trading: Cryptocurrencies as of 30/11/2021

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%) 55147
Long position 2
(the price today will not fall below this mark with a probability of 95%) 53938
Long position 3
(the price today will not fall below this mark with a probability of 99%) 52730

Short position 1
(the price today will not rise above this mark with a probability of 68%) 59254
Short position 2
(the price today will not rise above this mark with a probability of 95%) 60462
Short position 3
(the price today will not rise above this mark with a probability of 99%) 61671


ETHUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 4241.68
Long position 2
(the price today will not fall below this mark with a probability of 95%) 4118.97
Long position 3
(the price today will not fall below this mark with a probability of 99%) 3996.38

Short position 1
(the price today will not rise above this mark with a probability of 68%) 4654.21
Short position 2
(the price today will not rise above this mark with a probability of 95%) 4776.79
Short position 3
(the price today will not rise above this mark with a probability of 99%) 4899.38

XRPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 0.9491
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.9140
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.8790

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.0443
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.0793
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1144


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.

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