@DaanCrypto Fulltime Crypto Trader & Investor 📈 l Tweets are not financial advice | TG: https://xitter.cf/t.co/lsaOMAQLiV Daan CryptoTG | YT: https://xitter.cf/t.co/XXHdeIXNLt @daancrypto |
Joined January 2011
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Educational Thread Overview 📚
Below, you can find all my educational threads about subjects like Profit Taking, Risk Management and others. 👇
Daan Crypto Trades retweeted
#Bitcoin Has begun its price discovery phase for this cycle.
In 2017, it went up +1600% from that point.
In 2021, it went up +245%.
Even if we'd do half of the 2021 move, that would still put price at ~$150K.
What is your estimate?
Daan Crypto Trades retweeted
#Bitcoin Nothing to see here. Just your average weekend price action.
Expecting volatility to pick back up after futures re-open.
Going to be interesting this week as we saw a big uptick in $ETH ETF flows.
Daan Crypto Trades retweeted
Overtrading is something I've always struggled with.
I think many, primarily full time crypto people, will feel like they experience or have experienced the same thing.
Can recommend to find other things to do next to crypto.
Many of these trades can be traced back to boredom.
Daan Crypto Trades retweeted
#Bitcoin I think a $100K break should make room for a move to ~$112K-$114K which is the next Fibonacci extension.
It's a bit arbitrary to measure out "targets" when in price discovery. Fib extensions are just one tool.
Low timeframe momentum & data like open interest can help.
Daan Crypto Trades retweeted
$ETH Just has the ~$4K level left above as a major resistance.
If it can break that, I think the all time highs shouldn't be too far out.
The help of ETF inflows would be very welcome to help Ethereum get there.
Daan Crypto Trades retweeted
$ETH Saw +$332.9M in net inflows yesterday, which is by far its biggest yet.
If this is the start of a larger inflow in ETH then that $4K level should be reached with relative ease.
So far, ETH's ETF net inflows sit at just a small $589M. It went as low as -$687M before.
$ETH The ~$3560 level is the last major level before we can start talking about a $4K+ ETH again.
I think it's a good thing that it didn't take out on this initial sweep as it has now basically made an equal high which is more likely to get taken out as a future liquidity sweep.
Daan Crypto Trades retweeted
The $TOTAL Altcoin Market Cap has broken its yearly & cycle highs last week.
As long as it holds on to this new higher high, I am expecting this to start moving towards the $1.5T level next which has marked two major pivots in last cycle.
The all time high at $1.71T after that.
Daan Crypto Trades retweeted
The #Bitcoin Coinbase premium measures the premium at which the Coinbase price is trading relative to other spot exchanges.
This has seen a massive rise since the elections which are likely mostly due to the huge amount of Saylor & ETF bidding we've seen since
Daan Crypto Trades retweeted
$STX Has consolidated long enough I think.
Been hovering between $1.2-$2 for the past 6 months or so.
This has build a solid base below which should help with a high timeframe leg up once it gets going.
Looks promising so far.
Daan Crypto Trades retweeted
$NEAR Broke the Summer highs and has seen a solid high timeframe reversal with good volume.
Just needs to keep this trend going.
One of the few coins that I think will get to its cycle highs pretty quickly.
$NEAR Breaking out. Just has this Daily 200MA to flip and the $6.1 horizontal level which has been key in the past.
The AI topic/sector is still hot and I don't expect that to change this cycle.
There's plenty of applications building but there's not many Layer 1s focussed on AI to facilitate it all.
Pretty much all the unlocks are already done so there's no big investor unlocks which might weigh down on price in the future.
I've invested in a NEAR bag for the long term to get some additional exposure to this sector.
Daan Crypto Trades retweeted
$APT Starting to gradually make its way back to the $20 mark.
Liking the way this is shaping up. Breakout -> Consolidation -> Next leg up.
Not much price action has occurred at these levels so should be able to move with relative ease
Daan Crypto Trades retweeted
$CPOOL Still making waves and grinding up steadily.
The key level to break before new cycle highs is this $0.27 area.
This has come a long way since we started actively watching this trend since the big flush in August.
One of my main RWA plays.
Daan Crypto Trades retweeted
The Weekly RSI Heatmap is showing a mixed picture as #Bitcoin consolidated below the $100K mark.
We're mostly seeing the large caps, on the right, at higher levels as these coins have mostly outperformed.
Daan Crypto Trades retweeted
#Bitcoin Won't get you the highest returns. But it is relatively the safest.
How you allocate your portfolio, depends on your risk appetite and what return you're aiming for.
Alts can yield good returns but come with much higher risk.
Risk adjusted returns matter. Up to you.
Daan Crypto Trades retweeted
#Bitcoin Volatility has been ticking up on this recent breakout.
It's still not close to what it was at earlier this year or previous cycle.
As we get further in this cycle, volatility should also remain high.
Daan Crypto Trades retweeted
$ETH Is on track for a good 4th quarter so far.
Generally, Q1 is where ETH really shines and also when ETH/BTC tends to outperform.
Let's see if this time is any different.
