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Bias Identification Trading Method based on ERL>IRL
This method uses the concept of Internal Range Liquidity (IRL) and External Range Liquidity (ERL) to identify potential bias in the market and guide trading decisions.
Identifying Bias:
ERL and IRL:Identify the ERL (External Range Liquidity) & IRL (Internal Range Liquidity) in the daily/weekly chart above and below and closest to the current price. ERL & IRL represents an area of potential buying & selling interest in the market.
Market always moves in those 2 areas for liquidity. Bias Direction:
If the market takes the IRL and above there is an ERL, the bias is bullish until it reaches the ERL.This suggests that the market is likely to move up to fill the liquidity at the ERL before potentially reversing or consolidating.Price Action after ERL:Scenario 1: If Price touches & closes below ERL with reversal/momentum shift in H1/H4:This indicates a potential bearish reversal. The market may now go down to retest the untouched IRL below.Scenario 2: No reversal/momentum shift after reaching ERL:Two possibilities:Continuation of bullish trend: The market may continue its upward movement beyond the ERL.Consolidation: The market may consolidate around the ERL level before making another directional move.
Trading Rules:
Long Entry: Consider entering a long position if the price breaks above the ERL with confirmation from bullish indicators, such as higher highs and higher lows.Short Entry: Consider entering a short position if the price closes below the ERL with a reversal/momentum shift in H1/H4, indicating a potential bearish move towards the IRL.Exit: Exit the trade based on your risk management strategy and relevant market conditions. Take profit near potential reversal zones like the IRL or ERL, or use stop-loss orders to limit potential losses.
Additional Notes:
This method is based on the assumption that the market tends to fill liquidity gaps and balance imbalances.It's important to consider other technical indicators and market context alongside this method for confirmation before making trading decisions.Backtesting and paper trading are recommended to evaluate the effectiveness of this method in different market conditions.
Remember, this is just a guide, and market conditions can change rapidly. Always conduct your own research and analysis before making any trading decisions.
#Write2Earn #Marketbias #dailybias #trendanalysis
Identifying Bias:
ERL and IRL:Identify the ERL (External Range Liquidity) & IRL (Internal Range Liquidity) in the daily/weekly chart above and below and closest to the current price. ERL & IRL represents an area of potential buying & selling interest in the market.
Market always moves in those 2 areas for liquidity. Bias Direction:
If the market takes the IRL and above there is an ERL, the bias is bullish until it reaches the ERL.This suggests that the market is likely to move up to fill the liquidity at the ERL before potentially reversing or consolidating.Price Action after ERL:Scenario 1: If Price touches & closes below ERL with reversal/momentum shift in H1/H4:This indicates a potential bearish reversal. The market may now go down to retest the untouched IRL below.Scenario 2: No reversal/momentum shift after reaching ERL:Two possibilities:Continuation of bullish trend: The market may continue its upward movement beyond the ERL.Consolidation: The market may consolidate around the ERL level before making another directional move.
Trading Rules:
Long Entry: Consider entering a long position if the price breaks above the ERL with confirmation from bullish indicators, such as higher highs and higher lows.Short Entry: Consider entering a short position if the price closes below the ERL with a reversal/momentum shift in H1/H4, indicating a potential bearish move towards the IRL.Exit: Exit the trade based on your risk management strategy and relevant market conditions. Take profit near potential reversal zones like the IRL or ERL, or use stop-loss orders to limit potential losses.
Additional Notes:
This method is based on the assumption that the market tends to fill liquidity gaps and balance imbalances.It's important to consider other technical indicators and market context alongside this method for confirmation before making trading decisions.Backtesting and paper trading are recommended to evaluate the effectiveness of this method in different market conditions.
Remember, this is just a guide, and market conditions can change rapidly. Always conduct your own research and analysis before making any trading decisions.
#Write2Earn #Marketbias #dailybias #trendanalysis
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How to find market bias (uptrend/downtrend)?
Meaning:
IRL - Internal Range Liquidity
ERL- External Range Liquidity
There is a technique to find perfect bias in daily and weekly chart. ICT said market always moves for 2 factor's,
To takes the Buy/Sale Side Liquidity To balance the imbalance.
Based on the above 2 points we can find out the bias of all financial markets.
IRL - Internal Range Liquidity
ERL- External Range Liquidity
There is a technique to find perfect bias in daily and weekly chart. ICT said market always moves for 2 factor's,
To takes the Buy/Sale Side Liquidity To balance the imbalance.
Based on the above 2 points we can find out the bias of all financial markets.
Good morning, best traders in the world!
$ETH Analysis
According to the chart, ETHUSD is currently in a consolidation zone, meaning the price is stuck within a specific range. This indicates that a significant move could occur upon a breakout. If it falls below the support level, a downtrend may begin; if it breaks the resistance level, an uptrend could start. It's crucial for traders to monitor these breakouts closely and adjust their positions accordingly. Technical analysis tools and risk management strategies play a critical role here.
#ETHUSD #cryptocurrency #investment #trendanalysis #cryptoalerts
$ETH Analysis
According to the chart, ETHUSD is currently in a consolidation zone, meaning the price is stuck within a specific range. This indicates that a significant move could occur upon a breakout. If it falls below the support level, a downtrend may begin; if it breaks the resistance level, an uptrend could start. It's crucial for traders to monitor these breakouts closely and adjust their positions accordingly. Technical analysis tools and risk management strategies play a critical role here.
#ETHUSD #cryptocurrency #investment #trendanalysis #cryptoalerts
$1000SATS #CryptoMarket #trendanalysis
It's very likely $1000SATS will reverse from losers list to the gainers(mist likely top 5 gainers list) with in the next 48 hours.
$1000SATS
It's very likely $1000SATS will reverse from losers list to the gainers(mist likely top 5 gainers list) with in the next 48 hours.
$1000SATS
lets Check #EDU
- The price of EDU/USDT Perp is at 0.6680, showing an increase of 0.39% in the last 24 hours. This is a slight bullish movement, indicating a balance between demand and supply for the coin.
- The candlestick chart shows a sideways trend, with green and red candles alternating and the price moving within a narrow range. The candles have short bodies and long wicks, suggesting that there is uncertainty and volatility in the market.
- The BOLL(21) indicator, which is a type of moving average envelope, shows that the price is close to the middle band, indicating that it is neither overbought nor oversold. The middle band acts as a support and resistance level, while the upper and lower bands indicate the volatility of the price.
- The MACD indicator, which is a type of trend-following momentum indicator, shows that the trend is neutral and the momentum is weak. The MACD line (blue) is close to the signal line (orange), indicating no clear signal. The histogram (green) shows the difference between the two lines, and it is positive and small, indicating that the bullish momentum is slight.
- The Volume indicator, which shows the amount of trading activity, is low and mixed, indicating that there is a lack of interest and pressure in the coin. The MA5 and MA10 lines show the average volume over the last 5 and 10 periods, respectively, and they are also low and flat, indicating that the volume trend is neutral.
- The RSI (14) indicator, which is a type of momentum oscillator, shows that the coin is in the normal range, and may be ready to move in either direction. The RSI value is at 44.6077, which is close to the 50 level that indicates a balanced market. This means that the coin is neither overvalued nor undervalued and may face a change in momentum soon.
I conclude that the price of EDU/USDT Perp is in a consolidation phase, and it may break out in either direction soon. The coin may encounter some support and resistance at the 0.6680 level, which is the current price, and the 0.7018 level, which is the previous close.
#EDUUSDT
#trendanalysis
- The price of EDU/USDT Perp is at 0.6680, showing an increase of 0.39% in the last 24 hours. This is a slight bullish movement, indicating a balance between demand and supply for the coin.
- The candlestick chart shows a sideways trend, with green and red candles alternating and the price moving within a narrow range. The candles have short bodies and long wicks, suggesting that there is uncertainty and volatility in the market.
- The BOLL(21) indicator, which is a type of moving average envelope, shows that the price is close to the middle band, indicating that it is neither overbought nor oversold. The middle band acts as a support and resistance level, while the upper and lower bands indicate the volatility of the price.
- The MACD indicator, which is a type of trend-following momentum indicator, shows that the trend is neutral and the momentum is weak. The MACD line (blue) is close to the signal line (orange), indicating no clear signal. The histogram (green) shows the difference between the two lines, and it is positive and small, indicating that the bullish momentum is slight.
- The Volume indicator, which shows the amount of trading activity, is low and mixed, indicating that there is a lack of interest and pressure in the coin. The MA5 and MA10 lines show the average volume over the last 5 and 10 periods, respectively, and they are also low and flat, indicating that the volume trend is neutral.
- The RSI (14) indicator, which is a type of momentum oscillator, shows that the coin is in the normal range, and may be ready to move in either direction. The RSI value is at 44.6077, which is close to the 50 level that indicates a balanced market. This means that the coin is neither overvalued nor undervalued and may face a change in momentum soon.
I conclude that the price of EDU/USDT Perp is in a consolidation phase, and it may break out in either direction soon. The coin may encounter some support and resistance at the 0.6680 level, which is the current price, and the 0.7018 level, which is the previous close.
#EDUUSDT
#trendanalysis
BTC UPDATES
$37-38k is relatively strong support zone for BTC .
About my opinion BTC will go upward ⬆️,but this time BTC try to reach the support and take another bull🐂♉.
You guys also share your thoughts and opinions in comment .
follow for more 😊❤️
#BTC #trendanalysis #SOLPricePrediction
$BTC
$37-38k is relatively strong support zone for BTC .
About my opinion BTC will go upward ⬆️,but this time BTC try to reach the support and take another bull🐂♉.
You guys also share your thoughts and opinions in comment .
follow for more 😊❤️
#BTC #trendanalysis #SOLPricePrediction
$BTC
