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https://x.com/damskotrades/status/1719457897107673293?s=20

https://x.com/damskotrades/status/1755931007423754450?s=20

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CryptoAmsterdam

@damskotrades

Aug 24

Taking Profit

Euphoria is coming, but nobody tells you how not to round-trip profit

1. Introduction
2. Tips
3. My strategy

Read along 👇 (1/5)

1. Introduction

Now you are still calm, but if the market keeps following last cycle's pattern, we’ll soon hit a short but explosive mania.

Many here still pray the cycle isn’t over, scared to enter or hold, but soon they’ll be euphoria-struck.

In the first 90% of the cycle, everyone fears dips and the end. But in the last 5–10%, euphoria flips it: people suddenly believe it’ll never end, that a new paradigm started.

Huge gains will be made fast, but without a plan, most will get lost in euphoria and roundtrip profits back to entry or worse.

I’ll continue with some tips and things I’ve learned from past cycles, and finish with how I form my plan.

Hopefully, it inspires you to make your own plan and secure it this time.

2. Tips

1/ human nature

It starts with understanding why so few will sell. Same reason most fail to buy the bottom.

Human emotions make it feel terrible to buy when price went down a lot, and terrible to sell when it’s only going up.

The way to go is simple: buy the red (lows/early cycle) and sell the green (highs/late cycle).

The real reason you fail to buy early and sell at the end is a natural human trait.

Making the right moves in the market almost always feels bad and uncomfortable.

If you just do what feels good, you’ll end up doing the opposite of what you should to make money and keep it.

Step 1 is being aware of this.

2/ make selling a habit

Pressing the red button feels weird after holding for a long time, and even harder when things have only gone up and holding worked. You fall into the habit of just holding and watching uPNL rise.

Start selling small batches here and there. Doesn’t matter if it’s tiny. It’s about getting used to selling and building the habit. The more you do it, the lower the mental barrier will be when it’s time to really sell.

3/ life-changing money made?

First of all, don’t wait — change your life.

Also, don’t keep it in stables on your exchange or trading wallet. There’s third-party risk on a CEX, and the bigger risk: giving in to euphoria and putting it back into the market.

The market hype is still in you, still around you on Twitter, friends will say it’s going higher, Eric says it’ll never stop.

You still feel overconfident from your wins, and prices keep rising even after you secured your gains.

With stables in your wallet you’re only 2 clicks away from giving in and chasing more while time is running out.

→ Move it into fiat in your bank account
→ Or into more stable assets that maybe also are fun to buy and hold value (like a watch, real estate.)

Whatever you think is good, idk just something that does not generally drop 99% after the bull market (altcoins).

Just be aware of the risks of keeping stables in your wallet.

Read 10 tweets

CryptoAmsterdam

@damskotrades

Jul 25

Content overview!

We've been on point since April.

Here are 13 of my higher-quality write-ups from the past 2 weeks, all written educationally.

1. Bitcoin top & Profit taking
2. My Favorite Setup
3. Market Outlook
4. Altcoin Bull Thread & The Risk
5. Will all Altcoins pump?
6. ENA Trade idea
7. CRV Trade idea
8. The Super Cycle & The dollar
9. Market Outlook & Profit Taking
10. Reasons to be bullish on Altcoins
11. Ethereum top?
12. Pullbacks soon?
13. Ethereum targets?

Feel free to bookmark or share if you think it brings some value! 🙏

https://x.com/damskotrades/status/1943620080211783855

1. Bitcoin top & Profit taking

https://x.com/damskotrades/status/1943620080211783855

https://x.com/damskotrades/status/1944778837700550902

2. My Favorite Setup

https://x.com/damskotrades/status/1944778837700550902

Read 14 tweets

CryptoAmsterdam

@damskotrades

Jul 21

4 reasons I'm bullish on Altcoins

(yes, bullish propaganda)

(1/4)👇

1. Market timing

We’re over 1000 days into the bull cycle now, and usually the part that’s pure terror for 95% of altcoins. Bitcoin pumps, dominance pumps with it, and ALTBTC pairs get wrecked for years.

At some point, people lose hope and think nobody will bid alts this cycle. They rotate back into Bitcoin.

That’s usually the peak frustration point for altcoins, which happens every cycle.

It often lines up with Bitcoin breaking into new highs and starting its first consolidation phase.

That first consolidation after the breakout is marked by the red circle.

But when that consolidation breaks to the upside and Bitcoin starts its second leg, historically, something magical happens:
> Bitcoin dominance starts to drop.

That’s exactly where we are now, and BTC dominance is already showing signs of weakness.

some notes;

> This is trading; we are betting on probabilities, and there are no certainties
> We just do our best to figure out what scenario has the best probability, and if good enough, we bet on it
> If we bet on something, you don't bet on it with a full portfolio; always keep a balance between bitcoin/altcoins

> We have always had our cycles being capped by the parabolic resistance line you can see on the Bitcoin chart. This line prevented Bitcoin, historically, from continuing, which also allowed money to flow into altcoins.
> I do expect in the next 1-5 years this line to break; this can also happen earlier and will influence the dominance chart pattern. I'm actively building a second, longer-term bitcoin stack for this scenario.

Read 7 tweets

CryptoAmsterdam

@damskotrades

Jul 19

Market Outlook

1. Bitcoin
2. Super cycle
3. Altszn
4. Profit taking

⚠️ This product contains bull propaganda. A highly addictive substance.

1. Bitcoin

Let's start with daddy bitcoin. I'll be splitting this up into a part for our regular 4-year cycle and a part for the looming super cycle.

// Time:
Bitcoin is currently roughly 1340 days into the 4-year cycle, which usually takes roughly around 1435-1480 days.

// Structure:
- Market structure: The price action is still bullish.
- Local price action: We just broke out of a 250-day-old range. Usually these breakouts, as long as its valid, don't top after one week and one candle.
- Cycle structure: If we look at the cycle structure, we are clearly in stage 5 of the cycle. We broke into new highs as always, and we printed the first swing leg up into ATHs, had the usual consolidation, and are now starting our second swing leg up.

Historically, this is the leg that leads us into a cycle top.

Also, we are approaching our parabolic 4-year cycle resistance line, which is hard to 'exactly' draw, but I'd see it sitting in the 125k-140k zone. It also depends on when we arrive at that line.

Thoughts:

/ Late cycle stage as per the 4-year cycle metrics (time-wise/structure-wise with the 2nd swing into all-time highs + approaching parabolic cycle resistance)
/ If you are in with us since the 20-35k stage 3/range low reclaim, it's imo a good time to slowly secure some profits in this current leg up
/ Again, I think it goes higher still, but also acknowledging where Bitcoin is as per our historical metrics.

This time could be different, and it's something I'm actively preparing for, but with a different Bitcoin position. Later, more about this.

For now, if you are riding this Bitcoin cycle since much lower, I think it's smart to slowly start paying yourself, even if it's partially, heading into the cycle resistance line.

Betting on this time being different (aka no bear or noteworthy downtrend) is a dangerous bet; you don't want to round-trip it all down again.

Let's continue with the more bullish propaganda content below:

/ I think the Bitcoin trade is late stage, while I think the Altcoin trade is still early

/ What if this is the super cycle?

Read 22 tweets

CryptoAmsterdam

@damskotrades

Jul 14

Many see the charts rip and freeze.

''I missed it again''

I’ll show and explain my favorite setup.

Used it on SOL at $30 and HYPE at $14

1. How to use it
2. Some Altcoin examples

(1/9) 👇

(bookmark it → it's gonna be a good one)

1. How to use it

To use it, we first need to get the core principles it’s based on.

Don’t worry, no 32 indicators or confusing patterns as the art is keeping it as simple as possible.

Let's go over the two core principles of this setup:

/ Ranges

Prices, on all time frames, spend probably 70% of the time in a range.

Spotting and understanding ranges will improve your ability to identify setups, entries, and invalidations.

> What is a range?
A non-trending market where price moves between two zones.

At the zones, you can draw a range high and low. Price bounces between these two levels until we get a breakout, and the market becomes trending again.

> How to draw the range?

1/ Don't be too picky
2/ Tools to draw
3/ Drawing the range high and low
4/ Refining your levels with Confluence
5/ Deviations

1/ Don't be too picky
It’s important to understand that everyone draws ranges differently, and there’s no single correct way. If your method works, that’s what matters.

Context, like key levels outside the range and overall market structure, is often more important than the exact range boundaries.

2/ Tools to draw
Personally, I use TradingView for my charts. They have a very useful tool to draw ranges.

I'm using the 'Fib Retracement' tool on TradingView to draw ranges.

You must change a few fib level settings to 0, 0.25, 0.5, 0.75, and 1.

You can save different templates.

I got a template with only the primary levels, the range high, low, and mid-range (0, 0.5, and 1)

And a template for the quarterly levels (0.25 - 0.75).

Read 17 tweets

CryptoAmsterdam

@damskotrades

Jul 13

Market outlook

/ The best is yet to come

1. Bitcoin
2. Altcoins

(1/7)👇

Some quick notes before unleashing a dirty amount of bullish propaganda:

/ It’s late in the cycle. Risk here is different than earlier. Position accordingly.

/ My fiat → crypto transfers happened early 2023.

/ I’ve already taken some out.

/ Even though I think the last part will be the best, your focus should be on scaling out, not leveraging into more and more exposure once things get crazy (countering the human emotions)

Okay, let’s dive into the bullish stuff.

1. Bitcoin

Have said this over and over; still no signs that this time will be different.

> Market structure intact and bullish
> No real pullbacks, just chop before new legs
> Timing still matches past cycles
> same pattern: breakout → consolidate → continuation?

Last week, we broke out above the local range high to me, which boosts the odds of not just being macro bullish, but also mid-term looking ready.

Think we are around the red arrow.

Read 15 tweets

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