BTC/BCH/ETH/LTC: Price data for day trading 2018-6-9 11:27

in #trading6 years ago (edited)

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Warning: As the price database is currently being built, the values presented in this post are calculated on a data set which spans less than one day. After the bot has run for at least one day, everything should be fine. Also note that thanks to a bug which has now been fixed, the standard deviations are for Bitcoin only, even in the paragraphs concerned with the other currencies.

Bitcoin (BTC):

Current price: 6492.1353083485 EUR
One day moving average: 6503.134814711356 EUR
One day standard deviation (volatility): 6.3307725661829055 EUR (0.09751448892388162%)

Bitcoin Cash (BCH):

Current price: 952.6930096346 EUR
One day moving average: 957.1261121685164 EUR
One day standard deviation (volatility): 6.3307725661829055 EUR (0.09751448892388162%)

Ethereum (ETH):

Current price: 513.8398200416 EUR
One day moving average: 513.0220679769436 EUR
One day standard deviation (volatility): 6.3307725661829055 EUR (0.09751448892388162%)

Litecoin (LTC):

Current price: 101.9184245151 EUR
One day moving average: 102.13784951607684 EUR
One day standard deviation (volatility): 6.3307725661829055 EUR (0.09751448892388162%)

Knowing the one day standard deviation of a currency may give a decent estimate of this day's lower and upper price bounds. For instance, if one wishes to buy at a local minimum, placing a buy order one standard deviation below the moving average has proven to be a decent entry point. Once the order fills, a sell order can be placed one or two standard deviations above the buy price, depending on your risk tolerance or how quickly you want to sell.
Disclaimer: It is not possible to predict the future. I do not take responsibility for your losses, regardless of whether they are caused by bad advice or wrongful statistics. These statistics are automatically generated as daytrading tools for myself, but I'm glad if others find them useful.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BCHBitcoin Cash1122.320$0.68%9.56%
BTCBitcoin7648.060$0.21%0.49%
ETHEthereum605.329$0.47%2.89%
LTCLitecoin120.065$0.47%-1.49%
STEEMSteem2.275$-0.12%-7.09%

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