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Daan Crypto Trades Profile picture
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24 May, 4 tweets, 2 min read
$BTC Got my eyes on this diagonal resistance for now.

A breakout would likely result in BTC testing the $42-43K level again in the next few days.

Rejection could lead us back lower.

Make sure to read the next tweet in case price does breakout.

u.primexbt.com/DaanCrypto Image
Still a lot of late shorters that have had an easy run so far. Usually these highs tend to get swept before anything else.

Keep your eyes out for a swing failure pattern to occur. This is where price sweeps these highs to take liquidity and rejects/falls immediately afterwards. Image
$BTC Solid breakout and retest of the diagonal so far. Looks good for continuation towards $39K and possibly 42-43K after that. Image
$BTC There is our $39K.

Wonder when people start fomo'ing in again.

Probably when BTC is at resistance 😅

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More from @DaanCrypto

Daan Crypto Trades Profile picture
22 May
My View On The #Crypto Market and $BTC.

🔹What happened?
🔹Do I think the bull market is over?
🔹What's next?
🔹What will I be doing?
🔹What happened?

First off, what the hell happened?! Especially on May the 19th in particular?

Of course there's plenty of arguments and narratives for what happened. Be it Elon, China FUD or just the general end of the bull market as a whole.

1/x
The one thing that's most likely though, which we can see from the data, is the fact people have been over-leveraging into longs... A LOT.

We knew this was happening all along and usually we got away with a 20-30% dip but this was not like the other corrections.

2/x
Read 32 tweets
Daan Crypto Trades Profile picture
14 May
Fun change I've went through in the past 6 months or so as my portfolio grew bigger:

I used to care more about missing out on gains than losing money itself. The opposite is now true.

I rather protect my capital and miss out on potential gains than take unecessary risks.
Of course you will still see me ape into small caps and go big on $alts etc.

The difference being that I pick the risks I take more carefully. I also focus on hedging my spot holding a lot more when I think there is a high probability of potential downside.
This change in mindset probably has to do with the fact that with a relatively smaller portfolio I was ready to take bigger risks to try and make the maximum amount of gains I could, within the current cycle.
Read 5 tweets
Daan Crypto Trades Profile picture
13 May
$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 :)
2017 Scenario:
2021 Scenario:

Difference here being that at number 5 we made a higher high and number 6 we made a lower low. Both of these didn't happen in the 2017 scenario.
Read 4 tweets
Daan Crypto Trades Profile picture
10 May
I feel like $BTC will trade at $70K+ in May.

Don't ask me for my exact reasoning. It's a bit of a mix between seeing the PA, some indicators and a gut feeling.
Of course it should be obvious this is no signal to all in long or go out of your regular trading risk management.

Just a though by me I wanted to share.
For everyone asking about how this would affect $alts:

$BTC and alts can move together but if BTC starts pumping out some big numbers each day, expect alts to go more risk-off and more money to flow into BTC.

ALT/BTC pairs may suffer a bit but USDT pairs should still be good.
Read 4 tweets
Daan Crypto Trades Profile picture
6 May
Why I'm Bullish on $PSWAP @polkaswap

Polkaswap is a new DEX built on the Sora network, based on Polkadot and Kusama relay chains.

Past week I've accumulated myself a bag of $PSWAP with the intention to hold this for the mid/long term.
🔹Valuation

$PSWAP currently has approximately a 600M circulating supply.

The current price is $0.45 which puts the market cap at ~270M.
Compare this to the three main DEXs we know:

$UNI $22B
$CAKE $6B
$SUSHI $2.6B

And you can see how the current $PSWAP valuation is still very small.

Even if it would just take a small portion of those DEXs, a 1B+ market cap wouldn't be far fetched at all.
Read 12 tweets
Daan Crypto Trades Profile picture
19 Apr
Excited to announce that I got a partnership with PrimeXBT.📈

They hooked me up with a nice promo deal for you guys. So if you're interested, keep reading.

u.primexbt.com/DaanCrypto Image
Whenever you sign up under my account and use the promo code: "DaanCrypto", you get 50% Bonus BTC up to 0.5 BTC.

Do this BEFORE depositing or using any of the standard bonuses.

You can do so by logging in and going to Margin > Account > Promo Code.

u.primexbt.com/DaanCrypto Image
Example:

1. You deposit 1 BTC and get 0.5 BTC bonus.
2. You first trade with the 1 BTC as usual.
3. If you were to lose your 1 BTC for some reason you'd move on to the 0.5 Bonus BTC.
4. ANY profits made with the 0.5 Bonus BTC are fully withdrawable. The 0.5 BTC itself isn't.
Read 9 tweets

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