Concise Summary of Trading System: MyniHorn
Direction: Align your trades with Bitcoin (BTC) trend:
Up Trend: Long Altcoins (buy low, sell high)Down Trend: Short Altcoins (sell high, buy low)
Entry Levels:
Mark H12/Swing Highs & Lows: Zones for potential entries.Use Fibonacci (0.618, 0.705, 0.786): Identify Optimal Trade Entry (OTE) zones.Longs: Bullish H12 Order Block within OTE zones.Shorts: Bearish H12 Order Block within OTE zones.Additional Filter: H4 & H1 Fair Value Gaps (FVG) within H12 Order Block zones.
Trigger: Wait for price action to reach identified zones.
Confirmation: When BTC signals bullish pullback, enter marked Altcoin zones.
Additional Tools:
For H1 FVG or Swing Lows: Use M5 Unicorn model for confirmation.For H4 FVG or Swing Lows: Use M15 Unicorn model for confirmation.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research and due diligence before making any trading decisions.

$BTC

Context: As we know the Crypto market always follows the range analysis, the ranges I have drawn here is year-21 ranges. In this massive PA, the price has been failed the hold the ATH-69807, level & it has been rejected from that level. Now the price is situated in the first Quadrant of the ranges, So now its a million$ question will the price going to hold this level or not?

Lets see applying the Algorithmic price action here.

Monthly: In the Monthly Price we are getting support from a monthly Bullish FVG. But is the M-FVG holds then we will go to test the ATH again. But there are several levels in the M-FVG so we cant say that the price will be moving upward from here. If we got any Daily Bullish Price action from the monthly level then we will be assured that we age going to upwards.

Monthly Bias: Confusion

Weekly: In the weekly chart we are getting support in the W-FVG+, So if we have any H4 Bulish Reversal from this level then we can have confirmation that we are going upwards, Else we are bearish here.

Weekly Bias: Confusion.

Daily: Based on the Daily PA, the price has been rejected from the 69807.2 level, then it has been created D-MSS- creating a D-FVG-, again then price has been created D-MSS- on 30-apr-2024, and got support from the W&M FVG+, but is has been getting Rejection from the D-FVG-, so in the daily chart we are seeing that the bullish PDA has been rejected & the Bearish PDA has been respected. So as we are bearish & D-MSS has been formed, so daily level we are going down for sure, at least towards the last quadrant of M-FVG & O.5% f the FIB ot year 2021 Ranges. Because there are W-FVG+ & Range 0.5 level are waiting as a strong support.

Daily Bias: Bearish.

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.

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.

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