Daan Crypto Trades

Daan Crypto Trades

408,203 Twitter followers

Follow

Fulltime Crypto Trader & Investor 📈 | Tweets are not financial advice | TG: https://t.co/j7IcSHcJXs | YT: https://t.co/D1PbYpJroi |

Posts

Signal Clone Analysis

Daan Crypto Trades

$ETH Levels of interest on the chart. Slow grind up the past few weeks but not finding resistance around the $2.4K area. A break higher, would likely see this move further up to the $2.6K-$2.7K region. Below, the diagonal support is what the bulls need to hold to maintain this little up trend/momentum from the past few weeks.

Daan Crypto Trades

$BTC Some larger clusters around $78K & $80K above for BTC. Below, the local lows around $75K would be the other although it's relatively small there. All in all, still just a choppy environment without too much going on.

Daan Crypto Trades

One of the most valuable lessons I've learnt over the years, is to take it chill when the market is not giving you opportunities. It can be easy to tire yourself out and waste a lot of time, energy and capital during slower market periods. If you take it slow during these, but stay somewhat tuned in, then you will crush it when the market eventually goes into easy mode again.

Daan Crypto Trades

$BTC.D Has been moving over the past few weeks as ETH/BTC has been losing some ground. Bitcoin in general, has been stronger than most alts even during this recent bounce.

Daan Crypto Trades

$BTC April was not a bad month at all. Especially considering all that has been going on in the world. May is usually a bit of a slower month with mixed results. Starting June, the Summer seasonality kicks in which usually sees low volumes & liquidity during the holidays. This is especially clear in TradFi markets and is why in many years, we see slow price action during this time. In crypto however, the summer usually does see some interesting narratives and there's always something going on. So let's wait and see if that's the case again.

Daan Crypto Trades

Drawdowns in trading & investing are normal. If you can't stomach these, then you are either sizing too big or simply didn't think about your trade or investment enough before. The first thing I always say when people ask me whether they should invest into crypto is: "Would you be okay with it potentially losing 80%+ of its value in no time?". That usually makes them think twice about their decision and prepares for what happens every few years on pretty much every coin. Luckily, $BTC has now become mature enough where its drawdowns are getting smaller during the bear markets, but 50%+ drawdowns are still pretty regular over the years.

Daan Crypto Trades

$BTC Pretty thin liquidity until that $85K mark. Below, there's some smaller levels as price has been taking the stairs up. But nothing major here either until that $65K region which is ticker.

Daan Crypto Trades

$BTC Opened up with a CME gap which got closed straight away as we often see. No new gap to watch. Remaining gaps: $67K & $84K.

Daan Crypto Trades

$BTC Pretty crazy in terms of timings and price action. These two major conflicts started almost exactly 4 years apart from each other, with a 2 day difference. Bitcoin topped 3-5 months before. The week the conflicts began, Bitcoin went down to -50% from its respective (cycle) top. After that, price bounced. Will we get a full repeat of 2022? Or is this time different? I'm personally still just being nimble and will adapt to whatever we get. Major difference in 2022 was that stocks were also in a bear market and rates were getting raised at a rapid pace. So the macro environment is very much different now. Main point I wanted to make is how similar the total drawdowns and timings of both these two major conflicts. Not doing any "prediction" of what is to come or anything.

Loading..