My cause-effect futures & Forex method of analysis "Locked-in Range Analysis" is the method of interpreting the price and volume chart to determine the direction of the prevailing volume of open positions, the imbalance of which will enlighten you to future market behavior. LRA gives us an understanding of the market OI disbalance, so we get the cause-effect direction to open our positions.
My method is not applicable for crypto currency as there is no market-making system that provides all market liquidity.
Each of you knows the principle of pricing crypto currency better than I do, but I will start from the fact that infinitely everyone can not earn and sooner or later there comes a point when the latter have to pay those who were first. And accordingly there is a time and price range, where the last market participants will be blocked. That is what I call "Locked-in Range". Welcome to my Crypto Analysis;)
-- Tom Leksey, the creator of LRA market analysis method, described in my book "Locked-in Range Analysis: Why most traders must lose money in the futures market"
So what are you saying? Lots of words, no substance. What is it? Up or Down? All I see is blah blah blah
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@nixdice, You are right. I want to say blah blah blah and no substance
batstat
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@Tom_Leksey, What's your call? Buy or sell?
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@nixdice, Short positions below resistance Locked-in Range.
batstat
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@Tom_Leksey, love your work. Keep it up. Can't see any upside unless whales wanna punt this higher...
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@nixdice, For a price uptrend, the imbalance of open positions should change to SELL. Or in other words, everyone should want to sell. But LRA works in the futures market and crypto currency for me is an inexplicable phenomenon and therefore my analysis here for testing
batstat
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@Tom_Leksey, Lots of words. No conclusion.
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@nixdice, There is no conclusion in the market. Haha. It is possible to earn only on probabilities