Trade24Fx

Range trading: Cryptocurrencies as of 26/10/2021

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%) 60343
Long position 2
(the price today will not fall below this mark with a probability of 95%) 59090
Long position 3
(the price today will not fall below this mark with a probability of 99%) 57836

Short position 1
(the price today will not rise above this mark with a probability of 68%) 65156
Short position 2
(the price today will not rise above this mark with a probability of 95%) 66409
Short position 3
(the price today will not rise above this mark with a probability of 99%) 67663


ETHUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 4043.39
Long position 2
(the price today will not fall below this mark with a probability of 95%) 3970.73
Long position 3
(the price today will not fall below this mark with a probability of 99%) 3898.06

Short position 1
(the price today will not rise above this mark with a probability of 68%) 4404.43
Short position 2
(the price today will not rise above this mark with a probability of 95%) 4477.09
Short position 3
(the price today will not rise above this mark with a probability of 99%) 4549.76

XRPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.0683
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.0365
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.0047

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1507
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1825
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.2143


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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