Trade24Fx

Range trading: Cryptocurrencies as of 30/06/2021

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%) 33268
Long position 2
(the price today will not fall below this mark with a probability of 95%) 32267
Long position 3
(the price today will not fall below this mark with a probability of 99%) 31265

Short position 1
(the price today will not rise above this mark with a probability of 68%) 37431
Short position 2
(the price today will not rise above this mark with a probability of 95%) 38433
Short position 3
(the price today will not rise above this mark with a probability of 99%) 39435


ETHUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 1981.49
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1913.87
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1846.25

Short position 1
(the price today will not rise above this mark with a probability of 68%) 2305.38
Short position 2
(the price today will not rise above this mark with a probability of 95%) 2373.00
Short position 3
(the price today will not rise above this mark with a probability of 99%) 2440.62

XRPUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 0.6320
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.5941
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.5563

Short position 1
(the price today will not rise above this mark with a probability of 68%) 0.7514
Short position 2
(the price today will not rise above this mark with a probability of 95%) 0.7893
Short position 3
(the price today will not rise above this mark with a probability of 99%) 0.8271


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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