Emperor BTC Tips & Guides

How to learn
How to
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Don 't rush into a trade

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How To choose Stop losses

the most
Understanding price movements is
important thing
Don 't Be Greedy when to enter a trade

Be patient
Risk
management

How much to allocate to each trade

What to check before entering a trade
Trade Analysis
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for extreme beginners.
Compiled by EmperorBTC
Twitter- https://twitter.com/EmperorBTC
Telegram Channel- https://t.me/EmperorbtcTA
Personal Telegram- https://t.me/EmperorBTC
Email- [email protected]

Chart Plotting method- Candlesticks.

Technical analysis starts and ends with Candlesticks. They are the building blocks of TA. There are many
forms of graphs like bars, Heikin Ashi, Renko, Point and Figure, but for me, Candlesticks has worked the
best.

You can find a link to a very basic introduction to Candlesticks here.

https://school.stockcharts.com/doku.php?id=chart_analysis:introduction_to_candlesticks

Start with mastering Doji (there are about 8 types of Doji)

Engulfing patterns, Hammer, Marubozu, Shooting star, hanging man, tweezers.

Best book that I recommend for leading Candlesticks is encyclopedia by Thomas Bulkowski.

Don't read it in one go. Study it slowly.

Lines
There are 3 types of support and resistances.

1. Demand and supply zones.

2. Trend lines.

3. Horizontal lines.

Demand and supply zone is the area where the liquidity is formed. Here is a tutorial on how to use
Candlesticks are a method to find demand and supply. I will be posting more tutorial on the same.

https://twitter.com/EmperorBTC/status/1256701605925187584?s=20
Trend lines are non-horizontal support and resistance lines. They are useful for day trading and giving
powerful entries. You can find a brief introduction about it here.

https://www.learn-stock-options-trading.com/trendlines.html

I will be posting a detailed tutorial on trend-lines very soon.

Horizontal lines are one of the most important levels, on all time frames. I've already done a tutorial on
them. PDF link https://twitter.com/EmperorBTC/status/1257740801158688769?s=20

If need be, you can refer Technical Analysis and Stock Market Profits by Richard Schabacker as reference
for support and resistance

Moving averages. There are 2 mostly used moving averages. Simple moving average or exponential
moving average. There are many traders who claim to have invented a secret moving average strategy. I
don't think moving averages can work as a buy/Sell indicator. Rather, they help us recognize a trend.
Don't EVER make buying or selling decision based on moving averages strategy. Eg triple MA crossover
strategy or 8,13,21,55 crossover strategy. They don't work in the long run.

Use them as a trend indicator and for confirmations. You can use the moving average feature on trading
view and see how they work as support and resistance. There are many built in indicator like the 3SMA
indicator to work around with.

Chart patterns. The best book for studying chart pattern is the encyclopedia by Thomas Bulkowski.

However, John Murphy had also discussed it in brief in his book.

I have done a tutorial on the most common chart pattern head and shoulders here.

https://twitter.com/EmperorBTC/status/1260282162403635200

You should start with studying triangles, flags, pennants, cup and handles, Adam and eve and master
them.

Few tools to add to your support and resistance arsenal are Fibonacci retracements, channels and
consolidation zones. Use these to find support and resistance and not as an independent tool
themselves.

You can enhance your support and resistance zones using Ichimoku clouds. A bit convoluted for
beginners but is a good tool. I will be providing my Bitcoin settings for Ichimoku in future.
The above topics are more than enough to get you started.

There are advanced took that I used, like Open interest, Volume profile, funding rates, However, I
suggest mastering the above topics and only then move to such topics.

Take it slow, build a strong foundation.

Here is my recommended reading list.

https://twitter.com/EmperorBTC/status/1257018899897425926?s=20

Do let me know if you have trouble finding these books.

EmperorBTC.

Twitter- https://twitter.com/EmperorBTC
 Mastering HORIZONTAL SUPPORT and
RESISTANCE for Trading Bitcoin.
By EmperorBTC
Compiled by EmperorBTC
Twitter- https://twitter.com/EmperorBTC
Telegram Channel- https://t.me/EmperorbtcTA
Personal Telegram- https://t.me/EmperorBTC
Email- [email protected]

This is the most comprehensive real-world guide to Support and

Resistance. With real world examples from Bitcoin price movements.

This is everything that you need to master it.

I an e ha i e g ide, d n ead, STUDY IT.

Introduction.

S/R must be the most under-rated tool in trading which isn't given enough time
or attention by most beginners.

Many successful traders personally known to me rely solely on S/R. This should
speak enough for its importance.

Focus of Study.
1. Understanding Support and Resistance
2. Identifying and drawing a valid Support and Resistance line
3. Nature of Support and Resistance when it Breaks
4. Fake Breakout/Breakdown
5. Identifying entry/exit at Support and Resistance lines
6. How institutional traders stop out retail traders. (Stop loss hunting)
7. High probability entry/exit
Figure 1. Showcasing support and resistance during a downtrend

Support and Resistance can be categorized as

1. An area of supply/demand which acts as a probable zone for entry and exit.
2. Trending support and resistance (Trend-lines)
3. Horizontal lines denoting a price of either support of resistance. We will be studying these
horizontal lines in this module.
Figure 2. Illustration of a horizontal resistance line

Figure 3 Illustration of a horizontal support line

Definition.

A support line indicates a price where the buying pressure is more than the selling pressure,
acting as a base for an upward bounce of price.
To elaborate, the demand is greater than the supply at these levels hence an upward move in
price is generally probable.
Drawing a support line.
A good starting point is to zoom out on the time frame that you're trading and try to touch as
many lower points as logically possible.

The support should be easily visible upon minor observation and you shouldn't have to hunt or
look hard for them.

Figure 4 Support line example

Comment -
I ac icall acce able if the support line crosses a candle/wick or doesn't touch the wick or
only touches the wick.
The o line doe n ha e o be e fec l aligned.
We are mostly looking for zones rather than a perfect straight price line.
The examples below illustrate the support line overlapping with candles and wicks or not
perfectly touching the candles. In both these examples, the support line is valid.

Figure 5 Imperfect but a valid support line

Resistance

Resistance line indicates the price where the selling pressure is higher than the buying
pressure.

To elaborate, the supply is greater than the demand which pulls the price lower.
The e a good obabili of ice e acing f om hi ice line.

Just like support line, zooming out on the time frame that you're trading and try to touch as many
high points.

The resistance should be easily visible upon observation and you shouldn't have to hunt or look
hard for them.
Examples of Resistance lines below.

Figure 6 Resistance line example

Observation-
The chart above also shows a vital concept of fake-breakout, breakout, retrace and confirmation.
It will be explained later in detail.
Understanding Breakdown and Breakouts

A Breakout occurs when the resistance line is tested several times, leading to an increased
demand in that price zone.
This increase of demand leads to a breakout.
Opinion- The more times a resistance is tested, the weaker it becomes.

Figure 7 illustration of a break-out

Breakdown- It is when the support zone is tested too many times, leading to an increase is
supply at that price point, which leads to lowering of price i.e. Breakdown. PIC

Opinion.
The more times we test a support, the weaker it becomes.

See pic Below

Figure 8 illustration of a break-down

What happens if a Support or Resistance line breaks?
They start acting in the opposite nature.

A support line becomes a resistance and a resistance becomes a support.

This above concept is of utmost importance in understanding and confirming a TREND.

Resistance lines, when crossed, become new support, and the cycle repeats until the trend breaks.

Study this chart carefully to see how Resistance level 1, when broken at 2, after formation of a
new resistance at 3, becomes a new support at 4.

Figure 9 Resistance lines becoming a new support, until a breakdown

This cycle continuous till the breakdown. Take some time to understand the above graph.
Uses of Support and resistance.

Intuitively the use of the support line would be to enter a long when the prices bounce off the
support line and that of the resistance line would be to go short when the price pulls back from
resistance.
However, real world trading isn his simple and he abo e sage needs nders anding of
the following

1. Breakouts, Break-down
2. Fake Breakdown/Breakout
3. Re-tests
4. Confirmations
5. Stop-loss hunting

These are explained below

One of the more profitable ways to use support and resistance is to use them at the
Breakdown/Breakout zone.

A Breakout leads to a strong upwards rally in price because of a huge demand at the resistance
zone. Long at the Break-out.

The exact opposite is true for breakdown, which leads to a big pullback in price. Short at the
break-down.
See pic below for Break-out and Break-Down

Advanced uses of Support and resistance in determining high probability entry.

Below I illustrate the advanced practices used by seasoned traders to determine high probability
entries for profits.

However, they are easy to understand upon a repeated reading.

Here we will study

1. Fake Breakouts and Fake Breakdowns
2. Stop loss hunting

Study of the above will help us understand how institutional traders stop out the retail traders and
provide us with a probable solution against stop loss hunting.

Institutional traders stop out BOTH Long and Short retail traders, at the same time, at a similar
price zone. A very common problem that retail traders face is being stopped out. Let us
understand stop loss hunting in detail.

Short hunting at resistance

The red line denotes the resistance line.
At Point A, few retail traders will short it thinking that the price will go down at the resistance.

But the price has a small breakout out. Triggering the stop loss of the people who went short.
This is a fake out as the price then reverses at the resistance. Even though the price goes down,
the stop loss gets hit. Here the trader loses money even after being right. This is short hunting.

With the same chart, we will study long hunting at the resistance.
The wick crosses above the resistance line, most retail traders will long here, calling it a
breakout.
The price is then reversed. Stopping out all the longs. This is long hunting at the resistance.
The same exact stop loss hunting is done at the support. Stop loss hunting for longs and shorts at
the support can be seen here.

This is illustrated in the charts below.

Now that we have understood that taking long/short entries at the support and resistance can get
you stopped out, let us look at the probable solution.

First solution is to look for the following

1. Breakout/Breakdown
2. RE-TEST
3. Follow through

The process of Confirmation and Retest can be used for both long and short entries
1.Confirming the Breakout
2.Confirming the breakdown
3.Confirming the support
4.Confirming the resistance

This chart explains the Re-test and confirmation of support

In this chart, the support is established. Then the price comes back to be retested and the support
is held and confirmed. This confirms the support line. Leading to an upwards rally.
In the same manner, a breakout from a resistance can be confirmed as shown in this chart.
The resistance is broken. The price comes back to confirms the breakout and is confirmed.
On confirmation, a high probability long entry is made.

2nd Solution
After a break-out or a bounce from the support like, wait for the price to break another resistance
above the support line or the break-out levels.
See the example below for entering a long after a bounce at support and break of resistance.

The same concepts can be applied for going short at resistance or breakdowns.
The above concepts will help all beginners from stop getting hunted by an institutional order
block.

This module has covered ALL the information you need about horizontal support and resistance
in great depth.

I will share trend-line support and resistance and Supply and Demand zone tutorials soon. Study
it multiple times and you should be good to go.

Compiled by EmperorBTC

Contact
Twitter- https://twitter.com/EmperorBTC
Telegram Channel- https://t.me/EmperorbtcTA
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Email- [email protected]
 Bitcoin Price
Report
By EmperorBTC

By

1st issue- The G ea Re a ce

May 20, 2020.

1515
Twitter- EmperorBTC
Telegram- EmperorbtcTA

1
Dear Readers,
I have nothing but a sincere and honest thank you for taking the time to read my
opinions in The Bitcoin Price Report.
This is an attempt to present you with my understanding of the previous weeks price
movement.
This will help you establish a weekly understanding of the price and make positional
trades, if you're not actively trading.
For the readers who trade actively, I have done an analysis of the shorter time frames
to help you with intraday trade setups and buy/Sell zones.

I have tried to analyze each available metric and give a commentary on it.
This report has been designed to feel like a fast sprint with a continuous burst of
knowledge. Short but intense with knowledge.

I hope you continue to be this supportive and I keep on presenting you with a high-
quality Bitcoin Price Report.

I have nothing else to offer other than my sincere hard work and honesty.

Yours,
EmperorBTC

2
TABLE OF CONTENTS

0. Area of Study

1. Introduction to the Great Resistance

A. Defining the premise
B. Study in previous and current break-out attempts
C. Conditions for a potential break-out
D. Combined resistance with the liquidity zone
2. Establishing Support and Resistance levels
A. Monthly S/R
B. Weekly S/R
C. Daily S/R
D. Consolidated analysis of the S/R levels on multi time frame
3. 4-hour chart structure study for intra-day trading
4. Prospective movements study
A. Establishing prospective moves
B. Trade set-ups
5. Bitcoin Price cycle study
A. Current cycle defined
B. Study of the current institutional phase
C. Confirmation of an incoming all time high
D. New parabolic advance target

Nothing mentioned in this report is a financial advice.

3
AREA OF STUDY

Figure 1. Bitcoin price cycles denoting the current area of study.

For the purposes of understanding the current price movement, we will be restricting
our area of study to the above-mentioned part of the current bitcoin cycle. This area of
study will be used to find the zones of support and resistance for a prospective
movements and trade positions.

We will however study the whole of the historical bitcoin cycle in brief
at the end to Report to Establish the following:

-The current level of accumulation.

-Institutional accumulation.
-The next all-time high targets.

4
The Great Resistance

On all time frames, we sit at a juncture of hope, uncertainty or doom.

This first issue has been named The great resistance because we currentl sit at a
downtrend line which has decided the phase of bitcoin price movement for the last 28
months.
I will talk in-depth about the history, importance and the role of this down-trend line
to make it clear how vital a role it plays in deciding out next trades and perhaps the
upcoming price cycle.

Figure 2. Illustration of the Down-trend line originating since Dec-2017.

5
The price movement on the weekly time frame has tried multiple times to
create a new market cycle by breaking though this downtrend line.

The first attempt to change the market structure took place in between June and July
of 2019. We managed to cross this downtrend line a couple of times but never closed
above it.

The hopes of breaking this line were high in the bulls since we were testing the
downtrend line after a high momentum, high volume uptrend of 343% since the
bottom formed in December 2017.
This ended up being a failed attempt.

6
The second attempt to cross this line was between January and March 2020. We
managed to cross it once but never got above it substantially.
This too was a high-volume attempt with an uptrend of 64% but ended up failing.

We currently are at a decisive pivot. The previous weekly just closed slightly below this
line and we currently sit just above it.

7
What would constitute a clean break of this downtrend like?

1. Weekly close above this down-trendline

AND
2. The next weekly candle crossing the highest point of the
previous weekly candle.

Note- A high momentum break-o t on t need a re-test of the downtrend line.

8
Resistance from the Liquidity zone.

The down-trend resistance is not the only thing we need to pay attention to.
There exists a time-tested liquidity pool between 10500 and 12000 zone.
This leads to further pressure on the upward movement of the price. The price
currently must surpass both the down-trend line as well as the multi-year supply
zone.

A liquidity pool is the zone where institutional investors, giant holdings and other large
stack holders have placed their sale orders. This can be ascertained from the volume
profile and the orderbook heatmap.
We will do an in-depth analysis of the volume profile and the order-book heat-map in the next issue.

9
STUDY OF THE CURRENT PRICE STRUCTURE

MONTHLY.

Apart from the levels mentioned above, on the monthly time frame, we observe the
following

The Horizontal resistances:

10800- Being the pivot high of June-July 2019.
11500-12200- Being the monthly Supply Bloc
13900- Closing high of Nov-2017

Current Market Price (CMP)- 9600

Horizontal Supports-
8600- Closing high of May 2019, acted as support twice on resistance once on the monthly
closing.
7200- Pivot low of May 2018, Closing support from Oct-Dec 2019
5600- Low of Nov 2018. Has acted has monthly support thrice and once as a resistance.

10
WEEKLY

Apart from the levels mentioned above, on the weekly time frame, we observe the following

The Horizontal resistances:

10400- Being the pivot high of Sep 2019 and Feb 2020.
11550- Being the closing high from July-Aug 2019.

Current Market Price (CMP)- 9600

Horizontal Supports-
8700- Closing high of May 2019, acted as support twice on resistance once on the monthly
closing.
7600- Pivot low of May end 2018, leading to a uptrend in June 2018. Acted as resistance from
Mid Nov to Dec end 2020.
7000- Pivot high for April end 2018, huge supply absorbing candle. Acted as support from Mid
Nov to Dec end 2020.
5300- Will be discussed in the next issue.

11
DAILY

Apart from the levels mentioned above, on the daily time frame, we observe the following

The Horizontal resistances:

10100- Acted as a resistance multiple times back in June-July 2019 and at the current break-out
attempt.
10800- Upper limit of the upcoming daily liquidity pool.
11500-12300- Resistance cluster formed since June top of 2019.

Current Market Price (CMP)- 9600

Horizontal Supports-
9200- Base and support from June to October 2019.
8600- Breakout pivot in mid-June 2019, acted as resistance and support at multiple time frames.
8100- Base of the daily H&S formed between Jan to March 2020.
7400- Support and base for the uptrend starting from June 2019. Acted as resistance in April 2020.

Lower supports will be discussed in the next issue.

12
ANALYSIS of the Multi time-frame Support and Resistance above

Many traders fail to make efficient use of the support and resistance levels when it comes to using
them practically, especially when dealing with multiple time frames. We will try to consolidate the
S/R levels of all the time frames and try to get a clear picture.
Study-
1. The price has been in the range of 6500-10400 for the past 9 months, except for an inorganic
fall below the lower range for 18 days. (March 12-30,2020)

2. 6500 has proven to be a good base for the range expect for the inorganic fall which led to a
dump till 3900 levels. This fall only lasted for about 3 weeks and the price was back in the
range.

Conclusion- From the above data, we can conclude that there exists a good
buying/accumulation pressure below 6500 range, which pushes the price back in the range.
The above-mentioned fall took place after a formation of complex Head and Shoulders (One
bigger pattern containing a smaller pattern within itself)

The bearish target of this pattern was overextended significantly which is normal in such high-volume
long-term complex pattern.

13
Commentary- What we see right now is a completely organic, non-manipulated
ranging market. After the Breakdown from the complex head and shoulders, which
have seen a throwback to the neckline levels which proves the movement to be
within the normal market conditions.
This neckline at 8600 is now acting as a support on the daily time frame.
The current immediate and composite resistance that we face is the low of the
candles forming the top of the head and shoulders top. This has been marked in the
chart.

We now await the breaking of the above resistance to check if we can reach the upper range
of the channel. If we don't, it means the channel has squeezed down and the upper range of
10400 will reduce to 10000.

Note- An inorganic price doe n mean manip la ion I mean ha al ho gh he price i

falling the classical chart patterns, the targets and ranges are over-extended. The fall from the
complex head and shoulders saw such an over-extended target due to the Covid-19 outbreak
news.

On the lower side, we wait to see if the neckline throwback support at 8600 as turned into
a base. It is likely that we might test it in future, someday. If it holds, a long entry would be
profitable.

If it doesn't, we will see a price consolidation at those levels before a dump. This
consolidation will give enough time and opportunity to short it.

14
4-hour Structure.

The 4-hour chart is very popular with most swing traders and hence its study is useful, always.

-We currently sit in a range between 8600-9900.

-9900 has been acting as a heavy supply zone resistance.
-The price tried breaching the resistance for 9 continuous candles but was heavily rejected. The base
however is maintained beautifully.

Commentary- The previous resistance at 9200 has now turned into a tested support.
An accumulation above this level will only be bullish for the price.
A break of 9200, if it happens will probably get us back to 8600 in the short term.

15
Let us now combine the current 4-hour range with the downtrend resistance.

Study- The 4-hour candles have tried to breach the downtrend line thrice.
In the first 2 attempts, it beached the downtrend line but failed to make it a support upon retest.
Currently we sit in between the downtrend line and the upper resistance. The price trying to establish
a support at 9600.

Commentary- The current price action confirms again that the downtrend line is a major resistance.
We wait for a clean support to be established on the downtrend line. It should be well accepted
that a safe long Entry can be taken once the support at the downtrend line is established, as
breaking of the upper range will then be only a matter of time. The longer we stay in this
range, the most bullish the consolidation gets.

However, We have failed twice in the past at these levels and should also be looking to enter a safe
short entry once the downtrend line is established as a resistance again.
The first target will be 9200 for a short entry after a clean break of the downtrend line.

16
FUTURE MOVEMENTS

Bullish Trade

After all the analysis above, let us try to understand the future possible trades in play.

On the long side, we have the following movement in play.

The price is held above the downtrend line. This will lead to influx of demand after a retest and we
will at least move towards the next supply liquidity zone towards 10400.

The above movement will payout if

We stay above the downtrend like.

Or
We retest it after a price drop and bounce back, forming at least a temporary support. Leading to a
sustained accumulation above the downtrend line, leading to a run till 10400 levels.

17
Bearish Trade

As a trader, it should not be your practice to hope for a bull run all the time. What we seek is an
organic price fluctuation which follows the principles of price movement.

If we are unable to sustain above the downtrend line, we will be entering a short
trade.
This will happen upon a confirmed high volume and high momentum break of the
downtrend line which is acting as a temporary support.

The first short entry target would be 9200. A small bounce till the trend-line is
expected from this level as 9200 has acted as a resistance turned support earlier.
Once 9200 is broken, we will be looking at a short entry target of 8600, which is the
support prior to 9200.

18
Summary of trades.

A combined summary of the trades we will take once the direction is confirmed by the resistance
we face.
Long Entry
If the downtrend line is broken and price sustains above, will enter a long Entry with 10,400
the next liquidity zone as our target.

Short entry.
If the downtrend line stays intact and we reject from the current levels with confirmation,
we will short with 9200 as first target and 8600 as the second target if 9200 is broken with
momentum.

19
CYCLE STUDY

All freely traded assets, in the long-term trade in the following cycle.
1. Accumulation
2. Uptrend
3. Retracements

Accumulation is a period of consolidation, a resting phase where both the buyers and the sellers
are trying to get the stock at their desired price. The price moves in a tight range.

Uptrend is when we Breakout of the accumulation, the demand for the asset increases
substantially and We see an increase in price.

Retracement is when the people who entered earlier start taking profit, leading to a fall in price of
the asset.

20
This cycle repeats forever, or till the asset lasts.

The chart above shows the market cycle of Bitcoin which several such cycles starting and ending.
Opinion- In the latest cycle which began in the beginning of 2016, we are seeing the second phase of
accumulation.
The assumption with Bitcoin price cycles has been that we need to make a new market high to
confirm a new market cycle post accumulation.
However, in my opinion, after the influx of mainstream attention, there was an
unprecedent inflow of institutional as well as retail capital.
The institutional capital slowly withdrew its stake after mid December 2017 after we saw a massive
bull run of 2000% in a single year.
What's different about this market cycle is that we say a second wave of uptrend, beginning
Feb-2019.
This hasn't been seen in the market cycles earlier.

In the current cycle, it is my opinion that after a 2nd uptrend and 2nd retracements in the same
market cycle, we're also seeing a sign of 2nd accumulation. The 2nd accumulation level is higher
than what is was earlier in the same cycle. This is institutional accumulation.
This proves the following
1. Institutional investors are re-accumulating at a higher price since the accumulation range has
seen a higher low formed in the cycle.
2. We have already made a bottom for this cycle and are now in a phase of institutional
accumulation. A Breakout to new all times high is only a matter of time.

21
The confirmation for the incoming new all-time highs

The chart above shows the current price cycle from 2016 being divided into their respective phases.

We observe the building of institutional supply bloc across all phases.

Notice how this supply bloc intersects with all the phases except for the parabolic advance.

The accumulation zone has already seen a Break-out, with a new phase forming which can in my
opinion be termed as institutional accumulation phase.

The big money in coming in, which would eventually lead to the next parabolic advance.

This will be confirmed upon the current accumulation phase crossing the institutional supply block
and closing above it. A sustained consolidation above this phase will confirm the exhaustion of supply
in this range, leading to a new parabolic advance.

The current institutional accumulation zone needs to just cross and consolidate
above the supply bloc to create a new all time high.

22
How do we know that we're in an institutional accumulation range?

-The low made after the sudden dump in March was higher than that made
previously.
-The current accumulation range is higher than the ones previously seen.
-The current phase has breached the accumulation range of the last 3
months.
The above reasons in my opinion point towards institutional accumulation
taking place.

Analysis.
We have already seen an accumulation in the current market cycle and
now entered a re-accumulation zone with higher prices. This is the zone
were the institutional money is accumulating before a new all-time high.

23
TARGET FOR THE NEXT PARABOLIC ADVANCE

While there exists many models and predictions in the market, some predicting $1million by 2022,
some $100,000 by end of 2021, I've placed my target bases solely on the following reasoning.
1. Previous price movement and linear growth percentage.
2. Combined log percentage increase with the increase in market cap.
3. Expected shift from the value of fiat market to Bitcoin.

According to my opinion, we are likely to see Bitcoin achieve a target price of 28000 to 32000 by
the end of 2022. This is far conservative than the targets estimated by many existing models.

24
A note-

In 2016, I discovered Bitcoin. Being an independent options writer, I had the

luxury of freedom and decided to study it. After a few months of intense
study and research, I decided to devote my entire life to it. Day and night.
Blood and soul.
Studying it, stacking it, trading it 24x7. I cannot now thing of doing anything
else. The rewards have been nothing short of a generational wealth.

This was an attempt to share my miniscule knowledge of trading and

understanding the possible Bitcoin Price movements in future.

This is the first report being published by me.

I thank you for the support and the love shown, encouraging me to deliver
this. I am nothing without the readers who choose to invest their time in
listening to my mediocre opinions.
I would like to thank William R Thomas, a fellow options trader for his insight
in the cycles and positional play. @WilliamRThomas

Hoping for many such publications in future.

Feel free to contact me. Anytime.

Love,
EmperorBTC

25
 Emperor
@EmperorBTC
Candlestick Guide
May 3rd 2020, 6 tweets, 2 min read

! Bookmark " Save as PDF + My Authors

Finding SUPPLY and DEMAND pressure using candlesticks.

Candlesticks can be used to find supply and demand

pressure, specially in intra-day trading.

I hope this changes how you view and use candlesticks on a

daily basis.

A thread. $
Candlesticks with a long tail wick, about 2-3 times their body have overcome a big
supply zone.

This means that below that candle existed a huge supply order which was absorbed .

This is generally bullish, means the demand in that zone was able to overcome the
supply.

See Pic

At this zone, traders could look for a safe long entry.

1. Look for candles with a long tail.

2. It should have bounced off of a previous resistance now turned support.
3. Wait for the price to break a resistance above.

The same principle is applicable with candles with a long overhead wick.
This implies that the candle was not able to absorb all the supply above itself, which
is generally bearish.

We should look for signs of reversal at this level.

In a similar manner, on confirmation of a candle which failed to absorb the supply

above, a safe short entry can be made.

1. Look for candle with long overhead wick.

2. Wait for previous supply to be broken.

See pic below for a short entry.

I hope this gives you a new perspective into candlesticks.

Trading is easy if we stick to the basics and keep things simple.

Stick to the study of price, everything else will follow. $

10 BEST TRADING ADVICE lo Best
after a decade of trading.
Trading Advice

I have been a full time trader for about 10 years now. First 3
years were spent in blowing up my account several times.

Here are the 10 best lessons I can share with you.

Please share/RT if you find this useful. $

1. You should't be trading if you don't have a system which has been back tested for
at least a few years worth of data or as long as the asset has existed
Back testing is easy and anyone can do it manually.

Back-test it on the asset of your interest as every asset is different. $

2. A lessons from Jack Schwager that stuck with me.

Your system should have an edge. Period.

Relying only on money management won't work. You need an asymmetric bet. A
low probability system won't work in the long run, even with godly money
management. $

Eg. Can you consistently win at Russian roulette with good money management?
The answer is obviously no. Gambling is a low portability bet. Money management
can't earn you consistently with a low probability system.
Your system needs an edge, a probability of lot more than 50%. $

3. There is no room for hard-work in trading.

Explanation- Trading should be calm, simple and a waiting game. Your system
should tell you the entry and exit. You should not be breaking a sweat. If your
system isn't there yet, don't trade. $

You need hard-work to learn, discover, improve your system and read new things.
Use hard-work to practice, train and improvise. The actual act of performance
should be easy.

All of the above is easy. Patience to execute and wait for an entry is difficult. $

4. Your system won't work all the time and one failure will make your distrust it.
Stick to your system. If your system had been back-tested, paper-traded, stick to it.
There is no single system that works.
BUILD a one that works for you, and works good enough. $

5. Check list for entering a trade

-Your system should clearly give an entry
-You have a predetermined reason for exit
-All possible support resistances should be clearly known.

If the above things aren't in place, Don't enter a trade. Ever.

Any other entry is probably a gamble. $

6. Before you start trading, paper trade the live market for a few months. There is
no rush. You are not losing out on anything.

Before you start day trading, trade spot for at least a month. It gets you used to the
system and the volatility without the evils of leverage. $

7. If you're leverage trading, a stop loss is a must. Have a look at this chary from
29th November 2017. No one expected this kind of range.

Several of my friends who got in the crypto bull run bus were liquidated.
No stop loss is a quick passage to liquidation.

8. Most difficult but important lesson.

Try learning the art, not the recipe.

Most new traders want to learn a method, a trick or a strategy. This won't ever work
in the long run as the market changes. I can't tell you how many times I've to tweak
my system.. $

because of fluctuations in market cycle and volatility.

Eg. At the cost of being trolled, I remember a scene from Breaking bad.
Gus fring is going to kill Pinkman and WW. Victor has been watching them cook
and can take over.
WW reminds Victor that he won't be able to cook if..

the outside temperature changes, when the moisture is higher, when the chemical
proprieties change due to temperature.
This saved them Pinkman and WW. $

Conclusion- Learn to study the price movement, thoroughly.

From the Basics. Give it time to build a solid foundation.

All indicators (except volume related) are derived from price. A study of price
movement is superior to anything else. $

9. Be fluid with your bias.

Legends like Peter Brandt are trolled for changing their opinions and bias very
often.
Strong price opinions have no place in trading.
You need to learn that trends changes very often. There is no shame in changing
from a bullish bias to a bearish one $

..if the charts say so.

Have strong principles, loose opinions.

Eg. Today itself I felt like BTC could breakdown to 8400. But as time progressed, I
made a long Entry at 8670. Fluidity in bias brings you frequent opportunities. $

..Don't ever hold onto a losing trade if there are no signs of reversal. Hopes and
prayers don't work in trading. Get out of a losing trade ASAP. Market will give you
enough opportunities. Change with the trend. $

10. I have never been able to catch the top and the bottom and have no interest (nor
the ability) to do so.
Most amount of money is made during the movement between the top and the
bottom.
Waiting for confirmations and taking lower profits will yield better result. $

Always wait for multi-level confirmations to enter a trade and an entry on multi
time frames.
This lowers the number of entries that you will find but increases the profit
probability of your trade. $

There were some tips I had off of my head. Many traders better than me could teach
you something a lot better, but this is what comes to my mind right now.

I hope this was worth your time.

All the best trading.

0:00 -0:01

$
Best INDICATORS to trade Bitcoin.

My DM is flooded with people asking about Best indicators

to trade Bitcoin.

I will take a step back to discuss them and try to enforce a

solid trading foundation for all beginners.

A thread. $
Most new entrants to trading make a mistake of assuming indicators to be a Buy
and sell signal generator. This is a catastrophic foundation mistake.

Indicators are a graphical representative of a mathematical formula, derived from

price fluctuations. $

The below formula is of a very common and most misunderstood indicator, the RSI.

Engrave it in your mind, indicators indicate a value, represented in a graphical

form. That's all.

Let's get out of the mindset of using them as signals.

So how should indicators be used?

Use them to aid you in studying the price action.
Use the RSI to study the momentum of a price movement and whether its
sustainable.

USE INDICATORS AS AN AID TO PRICE ACTION STUDY.

This needs a change in belief of your current mindset. $

Once the above principle has been engraved in our Brains, we start using them as
aids to trading.

I suggest ALL beginners to forget indicators in their starting learning days.

Start with understanding candlesticks. They are the fundamental blocks of trading.
Give it enough time $

Read through Thomas Bulkowski for getting a solid candlestick foundation and then
move to mastering Support and resistance, trend lines and Buy sell zones.

Only when you've mastered the above, foray into indicators. $

I know you'd want a quick trick or strategy to buy sell using an indicator. Trading is
hard and no strategy is everlasting.
Let us concentrate on building a solid base. Price action will beat anything.

I will be sharing my top indicators that aid me in price action. $

The above belief of using indicators as an aid and now a trading signal took me
about 6 years to understand.
Understanding this while you start learning will give you a superior head start.

Will be sharing how I use indicators to aid price action in a while. $

A thread on Reading.

Aim- Purely skill development.

Every skill that you ever gain through

reading, should be available at your
disposal, at any second of your life.

Read to learn a skill, sharpen your

trade, not to memorise events or
statistics. 1/n $

A see a lot of marketing Gurus like Tai Lopez,

Jay Shetty advocating reading a book a week.
This is a worthless endeavour at best.
You gain nothing out of setting a time limit to
your discovery of a book.
Fast reading = terrible retention. $

Read slowly. Read it twice. Understand each

word.
Then read again with intense focus. Study it.
Study it enough to use it in regular life,
everyday.

You're reading not to tick a book off of your

reading list , you're reading to squeeze as much
skill possible out of that book. $

What should you read?

Whole fictions are a great way to grow interest,
nom fiction is where the skill development lies.

Whose a topic you want to master

E.g. Trading. Make a list of all books available
and study them.
Make notes. Summarise. And read that
summary often. $

Making a detailed summary is possible only if

you've understood the book enough.

A summary made by you gives your access to the

whole book, again, in a shorter period. $

Conclusion.
1. Read slowly. Read as if you're studying. Study
as much as you can.
2. Make a sumarry. Come back to it often.
3. Use the above in real life.
4. Read to grow a skill, not to memorise stats.

End. $
A thread on learning trading.

Back in 2013, Elon Musk have an

interview, advocating for extreme
hardwork. About 80 hours a week.

A lot of people are of the view that

hardwork won't make you
successful.

So how much work is needed to learn

trading successfully?

A thread. $

The first premise of giving all your efforts and

time is that you should be working for yourself.
Trading gives you that advantage.

1. You only work for yourself.

2. Your time is not being rented for salary.
3. Your hardwork and growth is yours alone. $

The second reason to work hard is, the subject of

work should have an edge over most things and
give you exponential returns.

Trading gives your an edge to make money in all

kinds of markets. Without the labour to
maintain that asset. $

To elaborate, You're simple buying and selling

an asset, without actually working hard to
maintain or create that asset.
Eg. When you buy or sell a stock of a company
for profit, you profit off of the works of the
employees working hard to run that company. $

Trading is a field where computers, ruthless

traders, people with PhD are out to make the
most amount of money.

Learning it has asymmetric rewards in the time

spent.

Spend as much time as you can, to learn it. $

No amount of time is enough to learn the art of

making profit by drawing a few lines while you
sit at home.

Give it all you have. Go on intense reading,

watch it live on screen, take notes and slow
down to reiterate your learning. $

Read. Watch the action live. Step back to

conclude and reiterate and take a rest.

Repeat the above every other moment.

You will never be as young as you're now, don't

waste it.

Hardwork and time is the biggest edge you have.

Use it. $

There are many resources online to help you.

Great men in the past made fortune when the
internet didn't exist.

You have everything at your fingertips, leverage

it.

End. $
 HEAD AND
SHOULDERS
Master Class

By, EmperorBTC

Twitter- EmperorBTC
Telegram- EmperorbtcTA
MASTER CLASS ON HEAD AND SHOULDERS
H&S is probably the first pattern a trader hears of. Here is what we will cover.

Content
1. Nature

2. Identification

3. Occurrence

4. Historical performance

5. Finding entries

6. High probability trades

7. stop losses

8. Miscellaneous

9. Conclusion
Nat re
The head and shoulders top is a reversal, bearish pattern, signifying a prospective drop in future prices.

The formation of pattern with a breakdown from its neckline(base) starts a probable bearish move.

Identification.
A prospective H&S pattern should have 3 distinct peaks. The middle peak is the head. This is the highest
point of this pattern, sitting in between 2 shorter peaks, i.e. the shoulders. There must be an overlap in
prices of these 3 distinct peaks.

The line where these prices overlap is called the neckline. A head and shoulders pattern is easily visible. So,
don force o r elf in o finding i The more ime he price o erlap he ronger i he pa ern

Note-Look for symmetry in the shoulders. A high time frame, high range pattern where the Head is not
higher than 2.5 times the shoulder range has higher chances of success.
Vol me
The consensus is that the left shoulder should have the highest volume, the head lesser and the right
shoulder the least. This isn't a rule but a general observation. It could change often.

Note- In my experience, Low volume during Breakout could hint toward a back test soon.

A high-volume breakdown might not see a retest immediately.

Occurrence
The pattern generally occurs after a substantial rise in price, i.e. it occurs when a price has significantly risen
and is looking for a reversal.

John Murphy was of the opinion that the neckline is likely to be an upward trending.
However, it can occur in a horizontal and less likely in a downward sloping

line. Here is an example of downward sloping H&S

Historical performance
H/S is probably the best performing pattern, in both bull and bear markets.

Although the success rate of meeting the target calculated by range of the depth is only a little more than
50%, the rise is good enough to make ample profit.

The pattern has a low rate of failure. The patterns which fail AFTER breaking the neckline give enough
upside to exit at break-even.

A break-out is generally followed by a throwback to the neckline levels in a trending market.

Here we see a target being met and the price falling further before a throwback.

Throw-back means the return of price to the neckline levels

Entr
The entry should be taken ONLY when the pattern is completed, not in an anticipation of a completion.
Example of an anticipated pattern failure.

The entry is made once the neckline breaks to the downside. See the example below.

Wait for the pattern to completely form. Wait for the breach of the neckline.

Enter only if the above 2 events occur.

High probability entries and Failure.
The head and shoulders pattern could fail at times. Here is an example of a failed pattern.

The failure generally occurs when the volume showcases an anomaly, or the market structure is looking
only for a consolidation and not retracement.

To avoid the above as much as possible, a high probability entry can be entered in the following 3 manners.

1. Waiting for a retest

2. High Volume break-out

3. High momentum Break-out

Retest of the Neckline.
It is common for the Breakdown from the Head and shoulders pattern to go back up and test the neckline.

An establishment of resistance at the neckline is a high probability entry for shorting

Wait for the re-test in case of a low volume/ low momentum break-out. After the re-test, wait for a bounce
from the neckline and then enter.

Sometimes the neckline does not get retested.

In this case, if the Breakdown is accompanied by high momentum or high volume, a safe entry is available.

Here is an example of High-volume break-down without a re-test,that was a safe entry

High Moment m Break-do n

If the Break-down is such, along with breaking the neckline, a previous support is also broken, then a short
entry can be taken without a re-test after the support is broken.

Finding targets.

A common practice is to target the same number of points as is the range of the head.

Many people have different opinion on measuring the range.

I follow a Conservative method to measure from the neckline to the lowest point of the topmost candle.
Stop losses.
A method used by Peter Brandt is placing the stop loss above the high of the candle just before the
Breakout.

In my opinion this works well, however I'd place it a bit higher considering the volatility of Bitcoin.

STUDY THIS IN DEATAIL

Complete Market str ct re of H&S

Price is in an uptrend.

Price looks for a reversal forming head and shoulders.

Neck line breaks down, followed back a retest of the Neckline. Price declines again at a range equal to the
range of the head.....
Price then gets a throwback up to the neckline. The resistance at the neckline is broken.

Followed by a retest of the Neckline and continuation to the upside.

Trade Example with entry and stop loss

Same general strategy can be followed for the 3 different high probability methods mentioned above.

Miscellaneo s
Sometimes the market structure see a H&S inside a H&S. The price movement for this structure is exactly
the same.
We might also come across this pattern with 2 or more shoulders on the either side. The effect on
price remains the same.

Concl sion.
Head and shoulders is a powerful pattern with high probability of success. Wait for a confirmation,
don't anticipate the pattern. Look closely at the volume during a breakdown.

Read the above MODULE a few times and you will always have this pattern at your disposal.

I hope this was helpful.

Feel free to contact me in case of any doubts.

Twitter- EmperorBTC
Telegram- EmperorbtcTA

1
Analysis of thetrade executed today.
(Without typos this time)
Entry- 8930
Exit - 9645

I was already in another Trade when the presented

ascending triangle was forming.
Basically it's a pattern where the resistance keeps getting
tested and new higher lows are formed constantly.

Notice how, the chart above, the volume increased as soon as we bounced off the
upward trending trend-line, forming a new higher low.
This could be taken as a probable upward move incoming. $

After closing the then existing trade shares in twitter earlier, a new entry was made
at 8930 levels.

Multiple confirmations taken into consideration to enter the trade mentioned in the
chart.

After the entry, there was a concern if the ongoing uptrend was a temporary pump.
The price showed many retracements, consolidation, lowering of momentum at the
resistance and retests.
This led to a belief of the uptrend being organic and not a temporary pump.

I tweeted yesterday that we need to keep a close eye on these levels. The price action
then taking place mimicked the sudden dump that took place on 9th May.
However we didn't exit for the following reasons mentioned in the chart.

A true test of patience it certainly was.

The exit was taken at 9645 levels.

Multiple confirmations for exit have been mentioned in the chart.
Obviously now we know it wasn't a perfect exist but I followed my system.

P. S. The fake ascending triangle Breakout will be explained in a tutorial on

triangles in future.

This might be a tough and time consuming read. There are a few new terms, you
might have to Google a little bit eventually you will get it, upon repeated reading.

All the best. $

*SHARED ON TWITTER EARLIER,

That's what I meant.

Can't escape the typo it seems.

$
 Positional Altcoin Trading Strategy by EmperorBTC
Twitter- @EmperorBTC

Nothing mentioned below shall be understood as a financial advice.

I will be sharing my experience and my route of trading adopted in 2017-18 Alt season.
This article is not to shill or promote any coin. I will not be naming any coins but rather,
discussing my method.
Note- Trading Altcoins is risky.Altcoins have huge volatility, lack of liquidity and fast fluctuating cycles.

PREMISE.
1. Stacking Bitcoin is your end and sole goal. You have no interest in accumulating Alt coins in
the long term.
2. Don't hold ANY altcoin for more than 6 months. Ever. This advice was given by the

Late https://twitter.com/ActualAdviceBTC back in 2015-16.

3. Altcoins promise a new feature unavailable on Bitcoin, hype the product and pump the
price. This has been the model since 2013. The sooner you realize this, the better for you.

The following will happen to 99% of you.

You come to know about Bitcoin. Start looking for the 'New' Bitcoin. Buy a coin shilled by a big
account. Buy it, hold it, coin dumps, your keep holding. You regret. Anyone who has been in
crypto for more than 4 years knows this. Don’t hodl altcoins. Buy, meet target, get out.

Conclusion.

Accumulate Alts during heavy accumulation phase, sell at peak of Euphoria and get out. Forget
about it.

D fall f he aga da f Thi c i i f he l g em

Still not convinced?

Look at the below historical coin market cap ranking.

These were the top coins about 6 years back.

NONE of them exist today, none of them are actively traded. All of them are dead. They are
either ranked below 1000 or have no trading value or active projects.
The real use case of Alts is to trade their cycles. Promises are meant to hype and not deliver.

All of you who are new to the world of Altcoins will disagree with this, but sooner,
h gh mi ake ll realize.
This will happen to almost all coins which are currently raved as the next Bitcoin.

So, what's the lesson?

Altcoins will keep promising new features, but it'll never make to the market, your aim is to
accumulate them for a short period, and sell on pump and get out. Don't baghold.
Not even stable coins. Use them to trade against any asset, and get back in either BTC or USD.
Accumulate, Sell on Pump. Forget it.
THE MARKET CYCLE.
Crypto market cycle is dependent only on Bitcoin. Remember this. Bitcoin leads the way,
crypto market follows.
This has been cleared observed in the last 4 market cycles.

The Altcoin market cycle FOLLOWS Bitcoin.

The blue line is the bitcoin price graph. The green line is the Altcoin market capitalization graph.
Notice how Bitcoin accumulates, breaks-out, Peak and corrects BEFORE the altcoins.
The Al c i f ll Bi c i ma ke m eme
Why does this happen?
If Bitcoin Breakouts, retail money is looking for other projects (Altcoins) which have yet not
seen a break-out.
When Bitcoin tops out, retail is looking to buy alt coins which have broken out, expecting a
new ATH.
Therefore Bitcoin is always a leading indicator for the upcoming alt cycle.
See in the chart below, other High cap Coins too mimic the bitcoin market cycle, albeit with a
delay.

This can be used to our advantage. We can be sure that the Altcoins are going to behave exactly
in the cycle which Bitcoin follows, but with a delay in time.

This allows us to be predictable of the upcoming altcoin cycle.

Conclusion.
Altcoins follow the Bitcoin price cycle; Bitcoin decides the cycle and leads. Altcoins follow the
Bitcoin pattern with a delay.

So, what are we looking for?

We're looking for an area of heavy accumulation for Alts. On a higher timeframe.
This is where we place extremely low bids, accumulate and wait for a Breakout.

The time of heavy accumulation can be found my using the MVRV ratio indicator for Bitcoin. Since the
Bitcoin price cycle precedes Alt cycle, we need to judge the Bitcoin price cycle.

It has always been able to predict the Bitcoin top and bottom for the last 4 cycles.

I s a ra ion be een he marke cap of bitcoin and the realized market cap.
Realized market value is calculated by aggregating the unspent output from bitcoin transactions and
assigning a price based on the BTCUSD market price at the time when said the said unspent output from
bitcoin transactions last moved.

You can read about the same here. https://charts.woobull.com/bitcoin-mvrv-ratio/

Here is the MVRV ratio chart, notice how it makes a low and a peak with Bitcoin.

To judge the Bitcoin cycle, we now have an additional tool in hand, which happens to be
derived from unspent output from bitcoin transactions, also called as UTXO.
The probably peak, accumulation of UTXO can also be used to conclude the current stage of
bitcoin cycle.

MVPV ratio, was only released in Early 2018 to the public, however the study of difficulty peak,
demand heat maps and unspent output from bitcoin transactions gave the same result and the
ratio always existed.
Second indicator to be used is the Puell Indicator. This is a measure of the daily market value of
the Bitcoin issue divided by its 365 days Moving averages.
It has always in the past cycles predicted the bottom accumulation.
Notice the price accumulating, peaking and bottoming along with the accumulation. This tool
can too be used to find the heavy accumulation start for Bitcoin. More info about it here
https://www.lookintobitcoin.com/charts/puell-multiple/
COIN SELECTION CRITERIA
1. Wait for Bitcoin to enter heavy accumulation. Derive confirmation from the UTXO ratios and liquidity
Heat maps. Use the MVRV ratio to find the period of bottoming out and entry into
accumulation phase. Confirm accumulation on Puell Multiple.
2. Look for projects which promise no one else is promising. Coins like IOTA promised to integrate
machinery with Internet to connect us better with them E.g. Connecting all electronic devices together,
basically it was an array into Internet of things. NEO promised to put all of China's retail supply on Block
chain.

ETC promised Ethereum 2.0 with better DApps.

EOS promised to be a better Ethereum with easier access.

We know how these promises ended.

BUT these promises were new, created hope and were eye catching.

Look for coins which promises something new, never heard below and pretends to be delivering them.

3. It should be shilled heavily by multiple influencers which have new followers. Social media is where a
lot of new entrants are. Influencers ho aren hemsel es echnicall a are provide a pathway to
beginners in simple language and mostly promises of getting rich.

The coin that I bought was shilled continuously by one of the BIGGEST YouTube crypto channels. He's a
guy from China, people trust him. He for the founder of the coin to come to his channel and tell about
his coin (Obviously it was a paid promo but wasn't disclosed)

Thousands of people saw it and invested.

4. The founder should show their faces. ICOs and Altcoins are full of scams. There have been several
instances when after raising the initial round, they coin exit scams. Here is an example out of many
https://thenextweb.com/hardfork/2018/01/29/cryptocurrency-prodeum-scam-exit-penis/

So, the founder showing his face, his background and having a public presence where he's accountable
and can be traced gives a higher credibility to a coin.

5. Value it using the Crypto value model referred at https://medium.com/coinmonks/cryptocurrency-

valuation-d9979074404 by Yilun Liu.

Valutiaon around 50 is preferred. Will talk about this valuation method in future, but you can read more
in the link.
Conclusion- Look for coins with new unique promises, being shilled via video, the founder is known.
Instead of diversifying into 50 Altcoins which had questionable managements, I chose just 3 coins.

Technical Analysis tool for Positional Altcoin Trading.

The methods adopted in the chart and the markings have been explained
below.

1. Look for ranging lowering of prices.

2. The coin should then surpass the high of the apex from where the lowering
of price happened.
3. The Accumulation should range ABOVE the lowest point of the ranged
dump.
4. This is where we buy at daily lows or at the median at max.
5. Confirm Break-out with the above-mentioned patterns.
6. Look for continuous resistance turning into support upon breakout, if not,
exit.
7. Look for volume confirmation. Quick Guide to volume confirmation
https://twitter.com/EmperorBTC/status/1267836447374991361
The above setup gave me 52X return, although the high from the buying point was higher than
65X.
Look for
A period of ranged dump with bitcoin correcting in price and on the MVRV (after bottoming)
A dump in the range with bull and bear cycles proves that the moves are organic, there is
enough supply and demand the move is a natural correction.
Period of consolidation, Proved by the MVRV and the volume profile on the buy/sell wall heat
maps( see here https://www.tensorcharts.com/ ) and accumulation confirmation on the Puell
Multiple. This should be higher than the ranged dump. Price should be in a range, which
CONSTANT volume and BTC should also be consolidating here and showing signs of a break-out.
This is where we accumulate.
The coin was listened back then in cryptopia. The exchange doesn't exist anymore. This is
where I accumulated about $6000 per day of these coins over a period of 20-25 days.
The aim is to bid near daily lows and at most at the median. Since the price is in accumulation
and ranging, the lows will be hit again and again, filling our bids.
Since the coins at that time was a low liquid coin, I couldn't accumulate more than $5000-6000
in a single day. Market buying a high volume of illiquid coin at once will pump and dump it
immediately, leaving you bagholding.

Identifying break-out in Altcoins.

By statistics and general observation, I ve noticed that due to their natural accumulation of
cycle mainly driven by big players accumulating at the day low, low liquid altcoins.
The natural daily low accumulation can form 3 patterns on break-out

1. IHS
2. Cup and Handle
3. Adam and Ever bottom

Almost all these low liquid coins form this pattern before the break-out, the reason simple
being that these are the patterns formed when a coin is accumulated slowly at it s lowest or
median daily prices.
We will be discussing these patterns in future.

Post Break-out.
You need to look for continuous highs and new levels being created. If these levels keep on
forming, you can be holding them. I have discussed supports turning into resistance in a threat
on twitter, you can read it here. https://twitter.com/EmperorBTC/status/1256272009543118851
If this trend is stopped, you must exit.
Volume check.

Here is a volume guide to ensure that the uptrend is truly sustainable.

You are looking for increase in volume with an increase in price.
Holding.

After this it was a game of waiting.

The coin kept in shilling new nonexistent products, big accounts in twitter shilled it, knowing it
wasn't worth it.
Bitcoin accumulated, broke up, topped. This Altcoin followed it like a clockwork. The main work
is to understand the bitcoin cycle with tools at our disposal.
Now I was at an exit phase, Bitcoin had topped in Dec 2017, it was only a matter of time for the
Altcoins to top. We look for signs of reversal. Some signs of reversal.
https://twitter.com/EmperorBTC/status/1266821684478255104

These coins went to make about a 6500% rise from accumulation, meaning the investors who
invested $1000 dollars ended with $63000.
Since my position was a pretty larger one, I had to average down.
My net profit on this trade was 52X, which is a lot less than a lot of people made with other
100x coins.
Thankfully, by the time of exit, this coin had by that time been listed in Bitfinex, Bittrex, Binance
and hence there was enough liquidity for me to exit.
My capital invested was about $100K and had to be a careful buy since low liquid coins could
simple pump with any small buys.
Conclusion.
Study the Bitcoin cycle. Wait for it to enter a heavy accumulation phase. Use the MVRV
indicator, Puell Multiple, Buy/Sell Heat maps to ensure this.
Look for coins which haven t pumped, which satisfy the COIN SELECTION CRITERIA.
Then see if the chosen coins fit the Technical Analysis criteria.
Accumulate slowly in the range.
Test repeatedly for S/R flip and volume confirmation.

This was my method. I aimed this article to explain my choice of trading Alts, which is different
from the generally accepted path of diversifying into 50 projects.
If You have any queries, feel free to reach out to me at https://twitter.com/EmperorBTC.

EmperorBTC