Range trading: Crypto currency market as for 05/12/2019 for BITSTAMP:BTCUSD by Trade24Fx

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%) 6965
Long position 2
(The price today will not fall below this mark with a probability of 95%) 6722
Long position 3
(The price today will not fall below this mark with a probability of 99%) 6478

Short position 1
(The price today will not rise above this mark with a probability of 68%) 7560
Short position 2
(The price today will not rise above this mark with a probability of 95%) 7804
Short position 3
(The price today will not rise above this mark with a probability of 99%) 8047

ETHUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 138.43
Long position 2
(The price today will not fall below this mark with a probability of 95%) 132.31
Long position 3
(The price today will not fall below this mark with a probability of 99%) 126.20

Short position 1
(The price today will not rise above this mark with a probability of 68%) 152.01
Short position 2
(The price today will not rise above this mark with a probability of 95%) 158.13
Short position 3
(The price today will not rise above this mark with a probability of 99%) 164.24

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.2083
Long position 2
(The price today will not fall below this mark with a probability of 95%) 0.2022
Long position 3
(The price today will not fall below this mark with a probability of 99%) 0.1962

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.2243
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.2304
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.2365

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.

Source: tradingview.com

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