Daan Crypto Trades🧢
@DaanCrypt09
Fulltime Crypto Trader & Investor 📈 | Tweets are not financial advice | TG: http://t.me/DaanCryptoTG | YT: http://youtube.com/@daancrypto | Group: @TheCryptoHounds
Volatility is high right now. Be careful with the high leverage. There's people getting liquidated currently on these relatively small moves (post dump).
#Bitcoin Back near the middle of the range after deviating above. Good to keep watching this range to watch for a potential break. Wouldn't expect too much as long as price hangs around the mid range.
Smaller chance that the actual ETF approval candle will do an instant full retrace with this recent leverage flush. Most longs that were pre-positioned got rekt and people likely also sold being scared of a rejection. Let's see what this week will bring :)
Let's look back on my #Crypto price estimations from one year ago 👇 $BTC - Prediction: $30K - Current: $42.5K $ETH - $2K - Current: $2370 $BNB - $365 - Current: $330 $DOGE - $0.12 - Current: $0.093 $MATIC - $1.5 - Current: $1.05 $TRX - $0.08 - Current: $0.105 $SOL - $20…
My Estimates for #Crypto Prices by Christmas 2023. 📉📈 $BTC - $30K $ETH - $2K $BNB - $365 $DOGE - $0.12 $MATIC - $1.5 $TRX - $0.08 $SOL - $20 $UNI - $10 $AVAX - $22 $ATOM - $17 $LINK - $12 What are yours? 👇
#Crypto Funding Rates the highest they've been all year. I'm aware this has been circulating a lot but last time people were memeing it, it was right before $BTC & $ETH flushed -10% overnight so I would argue that it still has value looking at this data.
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#Bitcoin Liquidation Map 🔥 Big clusters at $42K & $43K. Would expect some sort of squeeze to occur upon reaching those levels as positions close out.
#Bitcoin Still just sideways chop until either one of these diagonal levels breaks. Range I'm watching is $40.2-$44.5K.
#Crypto RSI Heatmap 🔥 Most coins moved up this week and therefore also saw their Relative Strenght Index (RSI) levels increase. Most coins are now sitting into the "overbought" territory. The market can stay like this way for a while but always be on extra caution.
$ETH Between $2250 & $2380, about $750M in Open Interest was added on all exchanges. Most of these positions are sitting into profit but watch out in case price starts cutting back into that price region as it could trigger the closure of those position and snowball.
$ETH There goes all the Open Interest that entered earlier.
$ETH Between $2250 & $2380, about $750M in Open Interest was added on all exchanges. Most of these positions are sitting into profit but watch out in case price starts cutting back into that price region as it could trigger the closure of those position and snowball.
$ETH The biggest level to break to change this high timeframe trend would be the 0.059-0.06 region. This has some good confluence with: 🔸Daily 200MA/EMA 🔸Horizontal level 🔸Diagonal trend line June 2022 lows remain unswept for the time being.
#Bitcoin Pretty quick ramp up in open interest entering here during the weekend. Would generally expect choppy market behavior for these last few days into the new year. Time to chill ✌️
Assuming the #Bitcoin ETF will be approved within the next 1-2 weeks. What will happen after the news gets released?
#Crypto Funding rates down slightly but still pretty high. Open Interest coming down across the board as positions unwind into the end of the year. Will see how this does next week and especially after a possible ETF approval.
#Crypto Funding Rates the highest they've been all year. I'm aware this has been circulating a lot but last time people were memeing it, it was right before $BTC & $ETH flushed -10% overnight so I would argue that it still has value looking at this data.
Fwiw, I think if this happens we make a marginally higher high, range a bit and cool off from there. We slow bleed until March as people keep longing the dip. Meanwhile BTC Dominance comes down too. I think Q2 the real fun starts and we'll focus on the halving narrative again :)
#Bitcoin This is one scenario I can see happening around the $BTC ETF Approval. I think this would make sense and take out a lot of leverage that has entered during that move. It's anyone's guess what will happen so we'll just have to wait and see. Chill on the leverage.
#Bitcoin This whale on Bybit closed his $30M+ long only to re-open it higher, 15 minutes later.
#Bitcoin Nice timing in regards to the $BTC ETF Deadline and the end of this triangle we're consolidating in the past few weeks. If you ask me, there's a good chance that whatever direction this breaks out to first, will be a fakeout followed by the real move.
#Bitcoin Liquidation Heatmap 🔥 Area's to watch out for are roughly $40K & $44K. This corresponds well with the chart as well as those levels mark the current $BTC range.
United States Trends
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