Range trading: Cryptocurrencies as for 04/03/2021

4 mar 2021

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 alrea dy 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%) 47716
Long position 2
(The price today will not fall below this mark with a probability of 95%) 45587
Long position 3
(The price today will not fall below this mark with a probability of 99%) 43548

Short position 1
(The price today will not rise above this mark with a probability of 68%) 53901
Short position 2
(The price today will not rise above this mark with a probability of 95%) 56030
Short position 3
(The price today will not rise above this mark with a probability of 99%) 58158

ETHUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 1458.39
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1359.36
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1260.33

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1721.61
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1820.64
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1919.67

XRPUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.3993
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.3546
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.3100

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.5053
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.5500
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.5946

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.