Trade24Fx

Range trading: Cryptocurrencies as of 27/07/2021

COINBASE:ETHUSD   Ethereum
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%) 35596
Long position 2
(the price today will not fall below this mark with a probability of 95%) 34615
Long position 3
(the price today will not fall below this mark with a probability of 99%) 33635

Short position 1
(the price today will not rise above this mark with a probability of 68%) 38332
Short position 2
(the price today will not rise above this mark with a probability of 95%) 39312
Short position 3
(the price today will not rise above this mark with a probability of 99%) 40292


ETHUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 2097.45
Long position 2
(the price today will not fall below this mark with a probability of 95%) 2040.07
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1982.68

Short position 1
(the price today will not rise above this mark with a probability of 68%) 2296.60
Short position 2
(the price today will not rise above this mark with a probability of 95%) 2353.98
Short position 3
(the price today will not rise above this mark with a probability of 99%) 2411.37

XRPUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 0.5937
Long position 2
(the price today will not fall below this mark with a probability of 95%) 0.5804
Long position 3
(the price today will not fall below this mark with a probability of 99%) 0.5671

Short position 1
(the price today will not rise above this mark with a probability of 68%) 0.6543
Short position 2
(the price today will not rise above this mark with a probability of 95%) 0.6676
Short position 3
(the price today will not rise above this mark with a probability of 99%) 0.6809


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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