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Educational Thread Overview 📚
Below, you can find all my educational threads about subjects like Profit Taking, Risk Management and others. 👇
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Daan Crypto Trades
50.9K posts
Daan Crypto Trades
@DaanCrypto
Fulltime Crypto Trader & Investor 📈 | Tweets are not financial advice | TG: https://t.co/j7IcSHcJXs | YT: https://t.co/D1PbYpJroi |
Katılım Ekim 2017
540 Takip Edilen415.8K Takipçiler
$BTC vs $SILVER
Interesting how this put in a massive bottom on the ratio right at the FTX bear market lows.
The volatility that these two pairs have seen relative to each other over the past ~4 years is insane.
Daan Crypto Trades@DaanCrypto
The $BTC vs $SILVER Ratio did an exact full retrace back to the FTX & Bear market lows at the end of 2022. Quite interesting that this level was the first place where we saw a proper relief bounce on the BTC/Silver ratio. Always been quite confident that these relative valuations are something investors look at to gauge whether a specific asset might be over or undervalued relative to others.
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$BTC 2-Year MA Multiplier is signaling that Bitcoin is in its value area.
All this does is see if Bitcoin trades below its 2 year moving average. Everything underneath, marked in green, is usually considered good long term value. It marked the bottom in every cycle so far, but as you can see with a big note. Last cycle it traded down there for almost 1.5 years and extended up to -30% deeper.
So take it with a big grain of salt.
But we can all agree that these valuations make more sense than if price were to be trading near its 2 year moving average x5 (red line) which has roughly marked the top in every cycle except the last one.
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Choppy days are where most bad trades get made, not trending ones.
When nothing is actually moving, the temptation is to find a setup just to stay busy. That's usually how you end up trading against yourself.
You will end up in several losses in a week and in the end prices did not move an inch. That's when you know your strategy or trading style is not working in that specific environment.
Positioning too early for a swing trade that doesn't come for months is what costs a lot of traders a lot of money.
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$DXY Breaking back around 101 and holding that breakout from June, adding more pressure right as Iran strikes hit risk sentiment across the board.
A stronger dollar tends to weigh on risk assets which has been clear recently. Even the AI trade and stocks have stalled in recent weeks.
Good to keep an eye on this, you don't want to see it run up too high too quickly or investors' risk appetite will diminish.
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Currently about 50% of the top 50 altcoins have outperformed $BTC the past 3 months.
Generally, a number above 75%+ is indicated by alt season. The last time we had this was right before the all time high in September.
Many alts have been holding their ground against BTC recently, but on the other hand many have also continued bleeding. Pretty much the same story we've seen the past 2 years.
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$BTC Has been pretty much in line with its average July performance so far. But of course it is still early.
Generally, this 3rd quarter is Bitcoin's worst with an average performance of just +6% in its history. This has to do a lot with slow markets, low liquidity and volumes during the Summer time.
Q4 is when the real volatility takes place for BTC (both directions). Will this year be the same?
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$BTC The big liquidity clusters are clear.
There's some below all the way to the local lows. But the biggest one sits above that June high at ~$68K. Breaking that would likely accelerate this into the $70Ks pretty quickly I assume.
But right now we're just caught between this local ~$61K to ~$65K range to watch.
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👉🏼 re: Intuition ....................
👉🏼 @DaanCrypto .......
👉🏼 1.18.25 ..............
Daan Crypto Trades@DaanCrypto
Having a trading system that works for you and fits your risk appetite is something every trader should strive for. But intuition will always be that one factor which can’t easily be replicated. It’s something that comes with experience and differentiates the good traders from the best.
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$BTC The US Trading Sessions have recently started ticking back up and seeing some positive price action.
This is after a massive $9B+ in spot ETF flows over the weeks prior.
Now the ETF outflows have seemingly stalled a bit, the US trading sessions have been more bullish again. Even though we aren't really seeing any real inflows just yet.
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@Tannnnnnn2022 Didn't say I was betting on a theoretical fee switch.
Was just listing the coins that were involved and that they might be worth watching from a narrative perspective
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@DaanCrypto imagine unironically betting on a fee switch that might never
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The $HOOD Chain Cheat Sheet 👇
Robinhood chain has been seeing a good amount of traction in its first few days and the coin basket that are creating the infrastructure are profiting.
Good to keep these on your watchlist, especially if Robinhood chain keeps growing and starts seeing even higher volumes.
$ARB - Royalty claim (Gets 10% of net protocol revenue) 8% goes to the Arbitrum DAO which is governed by token holders. Currently running at ~$1M/yr so nothing major yet.
$MORPHO - Vault Offerings. Embedded yield engine. But no fee switch enabled at this moment.
$UNI - Liquidity Layer. Volume runs through there. No fee switch enabled for the Robinhood chain at this moment.
$ETH - Chain uses ETH as its gas token.
$LINK - Infrastructure with its oracle integration.
$HOOD - Obviously the company itself will be the main benefitor and takes the biggest chunk of any profits made.
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$ETH Still sitting right at its February lows. Trying to hold this support area.
The key for continuation is breaking that June high, from there on out $2K+ is achieved pretty easily again I'd say.
But hanging onto a key support here. Eyes on the daily closes in this region.
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@DaanCrypto Largely agreed although depends on philosophy.
Looking for a trade and not entering = opportunity cost when missed.
Not looking at all because taking days off = no cost.
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Going a few days without a trade doesn't mean you're behind or missing out.
Some weeks just don't offer anything worth forcing, and treating every session like you need to be in a position is how you end up chasing bad setups.
Sitting out is still a decision. Usually the hardest one to actually stick with, especially when it's been quiet for a while or you feel the need to make losses back or chase dopamine.
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$BTC Still fighting around its Weekly 200MA and high timeframe support level.
We had one close below it but that was recovered quickly by last week's candle.
Until we get a decisive break and follow up, I consider this support still being held.
Weekly closes below ~$55K would start to accelerate things quickly.
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$SOL Retesting the bottom of the range. Key level here for the bulls to hold.
If this level is defended and we see some strength back up, that ~$98 range high would be my target.
Clear invalidation at this ~$78 area so watch the daily closes here.
Daan Crypto Trades@DaanCrypto
$SOL Down slightly today but still holding above that $78 range low. This level has held for a while now and the bulls need to defend it on this little dip. If bulls can get a daily close over $98, that'd confirm the recovery is extending and probably the rally goes on throughout summer. Until then, just another day inside this range.
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$BTC is ranging $61.3K-$64.7K range and spent this morning climbing back up after yesterday's risk-off flush.
A daily close above $64.7K flips the story and would make for a larger relief rally across the board.
A close under $61.3K opens the road to the lows again and kills the momentum.
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$ETH Rejected at $1800 for the fourth time this last week.
This resistance has held every single attempt so far, which says a lot about the sellers defending it up here.
Below, This $1750 region remains key.
For now, just choppy and rangebound on this lower timeframe.
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After a busier trading day than usual, the best thing you can often do the next day is exactly nothing.
New position after new position eventually turns into forcing trades that weren't really there. The market doesn't reward activity, it rewards being right at the moments that actually matter.
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$BTC vs Stocks still sitting at the post ETF sell off level from early 2024.
This area has been holding for Bitcoin relative to the S&P 500 but bulls are failing to push higher on this.
Important level to watch.
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