BTC/BCH/ETH/LTC: Price data for day trading 2018-6-11 22:38

in trading •  7 years ago 

Daytrade Header.jpgWarning: 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.

Bitcoin (BTC):

Current price: 5747.01 EUR
One day moving average: 6336.92 EUR
One day standard deviation (volatility): 115.20 EUR (2.00%)

Bitcoin Cash (BCH):

Current price: 786.46 EUR
One day moving average: 912.49 EUR
One day standard deviation (volatility): 25.99 EUR (3.31%)

Ethereum (ETH):

Current price: 441.57 EUR
One day moving average: 499.92 EUR
One day standard deviation (volatility): 9.81 EUR (2.22%)

Litecoin (LTC):

Current price: 88.77 EUR
One day moving average: 99.14 EUR
One day standard deviation (volatility): 1.80 EUR (2.02%)

Knowing the one day standard deviation of a currency may give a decent estimate of the 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 one's risk tolerance or how quickly one wants 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. Never invest more than you can afford to lose. Investing too much increases the chance of panic selling. 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.

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I checked out your account on steemnow.com and saw you didn't receive much curation reward in the past week.

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But its up to you if you want to do it on your own or not.

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BCHBitcoin Cash948.891$-0.07%-12.62%
BTCBitcoin6874.360$1.17%-7.79%
ETHEthereum533.753$-0.13%-9.45%
LTCLitecoin107.323$-0.4%-9.01%