BTC/BCH/ETH/LTC: Price data for day trading 2018-6-9 16:45
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 listed are for Bitcoin only, even in the paragraphs concerned with the other currencies.
Bitcoin (BTC):
Current price: 6467.0969385589 EUROne day moving average: 6499.785522361596 EUR
One day standard deviation (volatility): 8.32610486060025 EUR (0.12874563254120022%)
Bitcoin Cash (BCH):
Current price: 947.6964884718 EUROne day moving average: 956.0699909830271 EUR
One day standard deviation (volatility): 8.32610486060025 EUR (0.12874563254120022%)
Ethereum (ETH):
Current price: 512.1990573649 EUROne day moving average: 513.3215751601979 EUR
One day standard deviation (volatility): 8.32610486060025 EUR (0.12874563254120022%)
Litecoin (LTC):
Current price: 101.2687359348 EUROne day moving average: 102.05559051488304 EUR
One day standard deviation (volatility): 8.32610486060025 EUR (0.12874563254120022%)
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.
Price data is pulled from the CoinMarketCap API.
Coins mentioned in post: