Range trading: Crypto currency market as for 12/02/2019

Range trading: Crypto currency market as for 12/02/2019

Bitcoin / Dollar BITFINEX:BTCUSD


Here 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%) 3573
Long position 2
(The price today will not fall below this mark with a probability of 95%) 3504
Long position 3
(The price today will not fall below this mark with a probability of 99%) 3435

Short position 1
(The price today will not rise above this mark with a probability of 68%) 3753
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3822
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3891

ETHUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 113.33
Long position 2
(The price today will not fall below this mark with a probability of 95%) 109.25
Long position 3
(The price today will not fall below this mark with a probability of 99%) 105.18

Short position 1
(The price today will not rise above this mark with a probability of 68%) 123.29
Short position 2
(The price today will not rise above this mark with a probability of 95%) 127.36
Short position 3
(The price today will not rise above this mark with a probability of 99%) 131.43

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.2922
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.2819
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.2716

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.3160
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.3263
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.3365

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