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Trade24Fx
May 7, 2019 7:31 AM

Range trading: Crypto currency market as for 07/05/2019 

Bitcoin / DollarBitfinex

Description

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with the certain probability.

BTCUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 6099
Long position 2
(The price today will not fall below this mark with a probability of 95%) 5984
Long position 3
(The price today will not fall below this mark with a probability of 99%) 5867

Short position 1
(The price today will not rise above this mark with a probability of 68%) 6254
Short position 2
(The price today will not rise above this mark with a probability of 95%) 6370
Short position 3
(The price today will not rise above this mark with a probability of 99%) 6486

ETHUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 171.29
Long position 2
(The price today will not fall below this mark with a probability of 95%) 167.23
Long position 3
(The price today will not fall below this mark with a probability of 99%) 163.17

Short position 1
(The price today will not rise above this mark with a probability of 68%) 180.48
Short position 2
(The price today will not rise above this mark with a probability of 95%) 184.54
Short position 3
(The price today will not rise above this mark with a probability of 99%) 188.60

XRPUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.3085
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.3015
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.2945

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.3323
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.3393
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.3463

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.


Comments
Alpha_Capital_Wealth
All wrong
Trade24Fx
@Inner_Circle_Wealth, can you, please, clarify
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