CryptoAmsterdam
CryptoAmsterdam

@damskotrades

22 Tweets 2 reads Feb 04, 2023
Weekly Crypto Plan.
Feeling lost in all the green?
Make sure to have a plan. I can't tell you what to do, but I can give insight into what I plan to do. 🫡
🔹Bitcoin higher time frames.
🔹Bitcoin trade ideas.
🔹Altcoin narratives.
- AI.
- LSD.
🔹Altcoin setups.
1/🧵.
1 - Higher time frames.
As long as this deviation, and our key level, holds, I'll look for longs.
My focus is on the blue range and, for now, the more recently formed range in red.
Let's zoom in on that recently formed range.
2. The range.
Beautiful range reclaim, and as expected, Bitcoin pulled through as butter and didn't let anyone in along the way up. Still expecting further upside into the highs.
But will we continue from here or give that dip (gift) into the mid-range?
I still have the same mindset when BTC is truly bullish; A) often, she doesn't give that pullback, and B) if the Altcoin setup is good, just fucking take it and don't miss out because you are scared for muh BTC.
The price is stalling at this 0.75 level.
My BTC trade ideas; 👇
1. Continuation.
These setups will be more focused on the lower time frames.
-> Fuckery at the ltf range high; and back above.
Bitcoin often does this fake deviation to trap everyone eager to short this rally and reclaims it again right after.
A good example is at the start of this 2023 rally.
Another option would be a breakout without trappy stuff. Will wait for a bullish ltf market structure above the range high. I am still determining if I like the structure whenever it presents itself. Rather have the first option.
2. Mid-range retest.
If we suddenly get a super-aggressive dump, taking you by surprise, I'll look for a long.
If it is a slow grind that everyone expects to get into the mid-range, I'll wait for strength and a trigger on the lower time frames.
Or some extreme fuckery at the mid-range origin lows. 😁
And if we fail to hold the mid-range, I'll step back and look for dips into the range low, which is also the HTF support in my second tweet.
Let's move on to the less boring stuff; Altcoins.
1) Narratives;
- AI.
- Liquid Staking Derivatives.
1) AI
- Why?
AI has been strong since ChatGPT got worldwide attention -> Lot of room for AI growth and engagement in the everyday world -> Crypto is an easy gateway for 'normal' people to invest in narratives.
AI charts; 👇
$OCEAN & $FET both felt like they had huge runs already. And I took 2/3 out on OCEAN already after it did 50%.
But if you look at the HTF, both have room to run with these Weekly range low reclaims. It might need to cool down at some point, but the overall charts look good.
- AI Setups;
1) $OCEAN | USD
As I said, I took 2/3 out at this range high, but a range high flip would mean a weekly range low reclaim. So I'll keep the rest open and eventually look for bigger dips.
2) $RLC | USD
Been buying dips into this range low level after the reclaim. Already had a nice bounce and would stay patient for dips. Clean invalidation below the origin of this reclaim
3) $ORAI | USD
I have no position or plan yet, as this one is a bit scary after that massive run into this higher time frame resistance. Will wait and see if we'll get an actual setup with clear invalidation.
4) $CTXC | USD
Another one we played earlier this year. Took everything out into the resistance but still think it could have more room if the market stays healthy.
1) Liquid Staking Derivates
LSD;
- Stake any amount of ETH.
- Withdraw at any time.
- You'll get rewarded in a derivative of ETH, which (should have) the same value as ETH.
vs
PoS Validator;
- Stake min 32E.
- Locked until March 23.
People expect that the ETH, locked until march 23, will move into LSD protocols. Guess we'll see the narrative top before the unlock.
But I also think it has room in at least February.
Coinigecko's list of 'LSD' tokens coingecko.com
$LDO, as the biggest liquid staking protocol, plays an important role here as a good indicator for the narrative.
The chart looks pretty good for continuation as long as the low range holds. Might need a break, though, but dips are for buying imo.
LSD charts;
1) $ANKR | USD
- Potential Range low reclaim.
- Waiting for the trigger above.
- Clear invalidation.
- $BNC & $FXS
I want to see some dips into these key levels, where I'll be looking for an entry.

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