Fibonacci Retracements 📚
Fibonacci retracements are a popular technical analysis tool used by traders to identify potential levels of support and resistance in an asset's price action.
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$BTC Wyckoff Update:
Looks pretty textbook so far. BTC had a clean sweep and tested the ST level today.
It's now key for BTC to hold, ideally $31.1K, but most importantly $30K.
Trading below $30K would invalidate this idea. A wick is okay.
Trade here:
Take Profit Plan Thread 💰
Going to share something I think is quite imporant which is profit taking into fiat. Yes fiat.
"Daan you must be crazy we're going to $1M!".
Maybe we are, maybe we aren't.
I know one thing and that is that I will be locking in profits this time.
It’s funny how $BTC & $ETH are at all time highs but I don’t see/feel much hype at all.
Maybe it’s just me but I feel like the real media/retail fomo is yet to begin over the next few weeks.
How to use proper risk management thread.
First i want to get a few things out of the way:
• There is no "best" way to do this.
• I will be explaining my experience and what works consistently for me.
Let's start!
About Previous Cycle's Bottom 📚
During early 2019, $BTC was just grinding up through 3-6K while many were shorting thinking we'd go to 3K and below.
What happened and what did I do during that time? 👇
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📚 Quick Trading Tips To Instantly Improve Your Game
This will be an indefinite series where I post quick tips on trading related subjects.
These tweets will consist of a quick explanation and chart whenever necessary.
Questions? Feel free to ask under the related tweet.
My thoughts on the market for the rest of 2022 📚
Just my idea's paired with a lot of assumptions. Take it with a grain of salt and as always no financial advice. 😉
Long thread so enjoy the read (tl;dr at the end) 👇
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I hope this cleared it all up a bit and gives you a good idea of how I work with these levels.
I think it gives you a good way to look at things from another perspective. Not seeing these levels as just as "A resistance or support". It's often a lot more than that.
11/11
The Different Types of Transaction Orders 📚
If you're new to buying crypto, you might be wondering about the different types of transaction orders available. Here's a quick rundown 👇
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Historically, a weekly candle close with a +20% gain, following a 6 month or longer bear market with a -75% or more decline, has always resulted in the bottom being in for $BTC.
$BTC 2017 vs 2021.
In 2017 we've had a similar ranging formation and tap of the yearly VWAP before never touching it again that year.
Please read the following tweets including disclaimer :)
During 2019's Echo Bubble, $BTC rallied all the way up to the .618 Fibonacci Retracement level.
If $BTC were to repeat that in 2023, we'd see it move all the way up to $48-50K.
#Bitcoin
Open Interest on Binance is now at it's highest point since the FTX Collapse.
It has seen a $500M+ increase in the past day alone.
Something is cooking... 👀
$BTC Are we in Accumulation or in Distribution?
Here is our bullish hopium that shows this might just be the accumulation before more upside. 📈
Let's dive in.
3 Things that upped my trading game 📚
1. Favor Horizontals over Diagonals.
2. See Support and Resistance as area's opposed to exact levels.
3. Don't set stop losses right above/below those supports and resistances. Give it some room.
#Bitcoin
Took out a lot of liquidity below. Still has that massive zone at 70+.
But don't fixate on it too much yet. If price were to start trading within a few percent of it, then watch it as it's more likely to get taken out.
For now we remain near the lower area of the chop.
Cumulative Volume Delta (CVD) 📚
CVD measures the difference in buying and selling volume at each price level. It helps traders identify buying and selling pressure in the market.
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NFT Crypto Guide 101 📚
🔹What are Non-Fungible-Tokens?
🔹What are NFTs used for?
🔹What do I expect for the NFT space in 2021?
🔹What NFTs do i hold?
🔹Where do I buy NFTs?
I will go through all of these questions.
Thread below 👇
$BTC Usually bottoms when:
1. People stop trying to long every dump.
2. Chart often looks the worst.
3. There is no hope for a bounce.
4. The market is in panic.
5. Shorts are entering at large.
6. We see some form of capitulation.
I probably missed a few but this sums up most.
#Bitcoin
After a nice bounce back to the range highs, $BTC has now found itself in another consolidation phase between $67K-$72K.
Green = Support.
Red = Resistance.
Patience is key 🔑
People tend to lose interest during big corrections and bear markets.
All while these are the periods within the market that offer the best financial opportunity and can be extremely educational.
Try to act opposite of what 90% is doing.
What is TWAP / Twapping? 📚
TWAP = Time Weighted Average Price.
It is a type of trading algorithm that is designed to execute a large trade by dividing it into smaller trades and executing them over a specified time period.
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Thanks for reading and I hope I could help you out a bit more during this time of uncertainty.
I always try to provide as much value as possible. Even during darker times in the market 🙂.
For now I wish you all an incredible week ahead.
30/x
People tend to lose interest during big corrections and bear markets.
All while these are the periods within the market that offer the best financial opportunity and can be extremely educational.
Try to act opposite of what 90% is doing.
My realistic minimum crypto price predictions for this year:
$BTC - $80.000
$ETH - $5.000
$DOT - $100
$BNB - $300
$LTC - $500
$LINK - $100
$UNI - $50
$AAVE - $1000
TL:DR, thinking most coins will do at least another 2-4x.
MASSIVE Week:
Monday:
- Deadline for Binance and Binance US to respond to SEC's application for a temporary restraining order
Tuesday:
- Motion for temporary Binance US restraining order hearing
- Hinman's documents release (XRP)
- CPI Data Release
Wednesday:
- US Rate
#Bitcoin
My Expectation For the Cycle.
This is the simplest and best estimate I could make at this moment in time. Lots of assumptions in here but here we go! ✍️
I think we get some run up into the election due to the easy narrative (Crypto president & VP), first rate cuts
The All-in-One Guide to Friend Tech 📚
@friendtech
has taken this space like storm. It's been getting a lot of traction, capital inflow and bringing up opportunities for everyone involved.
Here's all you need to know 👇
How did $AXS 10x in a month?
For all of you that have been wondering how this $AXS & $SLP increase could have happened and what to look out for next.
1/22
#Bitcoin
How much are we betting that we'll see this chart and pattern spread around like a wildfire, the moment $BTC bounces a bit here?
It's always been a bit of a meme but this one is pretty clean (If we bounce) not going to lie.
What is VWAP? 📚
VWAP, or Volume Weighted Average Price, is a technical indicator that shows the average price at which an asset is traded over a given time period.
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$BTC I rarely use support/resistance lines on RSI. But seeing how big of a timeframe this is, and how well this trendline has been reacting, I'd say it's worth it to keep an eye on this one.
A breakout would be a first step towards a higher timeframe reversal at some point.
It's useful to identify an asset's market structure on different timeframes to see what directional trade you should be focussing on that has the highest probability.
Any reversal starts on low timeframes and then slowly moves over to the higher timeframes.
Good luck! 📈📉
7/7
Open Interest in Crypto, Simplified 📚
You often see me posting charts with the Open Interest displayed below them.
Here's a quick thread about what it means and how it works 👇
🔖 Make sure to bookmark this thread for future reference.
$BTC Market makers are trolling us trying to build the same chart as we had before the May dump.
I'll go ahead and say it's PsyOps to scare people out of their coins.
We'll likely see a lot of these charts pop up soon.
Once again: I DON'T think it will play out like that. ❗️
#Bitcoin
Retesting the underside of the Bull Market Support Band.
To see a continuation of the weekly up trend, we'd need to break back above the band and hold it going forward.
Mid 60ks are what needs to be broken.
#Bitcoin
Clean flag/channel.
Both the top and bottom side has been getting respected well so far. As has the mid range.
Good high timeframe pattern to watch going forward.
#Bitcoin
In line with most of it's previous years where it saw a moderate decline in August.
September has been red for the past 6 years as well.
October is historically $BTC's best month.