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Emperor BTC Trading Manual
Expert Crypto Discord
Terms in this set (18)
A zone with huge buy orders. Often denoted by large wicks downwards
A zone with huge sell orders. Often denoted by large wicks upward
The measure of how actively the coin is being traded in the market.
bottom reversal candle that has either a large wick downward or upward. Can signify the reversal of a trend
Don't enter a trade without the following...
Entry trigger, stop loss, target
Risk vs Reward
The ratio of the distance between entry and target, and entry and the stop loss. You should not be entering a trade unless the RR is known
Stop Loss = _____________
Invalidation level. Always establish the invalidation point before entering a trade
Support Entry Stop Loss
Stop loss is placed at the point where the support is broken
All indicators and tools are derived from....
Price and volume
Price increases + volume increases =
uptrend is confirmed. Look for long entries
Price increases + volume decreases =
Uptrend not supported by volume. Exit long entry upon further sign of reversal
Price decreases + volume increases =
downtrend is confirmed. Look for short entries
Price decreases + volume decreases =
Downtrend not supported by volume. Exit short entry upon further sign of reversal
Long Entry at Support
support is confirmed by volume increase. Enter upon break-out from local swing high. Tip: make long entries after high volume price drops
Long Entry at Resistance
There is a sudden volume increase at resistance level. Enter the long after volume increase AND re-test for resistance to turn into support.
Divergence is used to...
Find a potential reversal
Strong Bullish Divergence (RSI)
Price makes a lower low and RSI makes a higher low
Strong Bullish Divergence (RSI) Entry
1. Price makes lower low, RSI makes lower high
2. Supply absorbing candle appears
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