CryptoAmsterdam
CryptoAmsterdam

@damskotrades

20 Tweets 4 reads Jan 03, 2024
$INJ moved +800% since stage 4 and we shared it at $8.
Using simple cycle structures will help you spot the coins with a higher probability of parabolic price action.
> What and How?
> 5 Altcoins I'm looking at.
👇
$FET, $WOO, $ROSE, $DYDX & $BLUR
Everything goes through similar cycles.
Understanding the different stages will help you to catch them when the probability on the downside is the least and the parabolic upside the highest.
Less holding time, less opportunity cost, and better odds on parabolic upside.
You want to catch them in stage 3, 4 or 5.
But all come with their own entry type and expectations.
Let's take a look at the three stages;
STAGE 3: ACCUMULATION RANGE / BOTTOM.
How to spot it?
This stage can be spotted by the price action going from vertical downside and sharp lower lows into a more-ranging structure with equal highs and lows.
STAGE 3: STYLE.
This stage is perfect for accumulating a longer-term position if you are patient and truly believe in the project.
Some accumulation ranges take 300-900 days.
Example: ETH last cycle; 700+ days.
STAGE 3: ENTRY
Stage 3 can be seen as a range.
You want to buy the range low or range high break out.
You don't want to buy the upper 50% of the range.
STAGE 4: Initial higher high / disbelief.
How to spot it?
This phase can be seen as the initial macro/cycle higher high and low.
Stage 2: bear = lower lows/highs
Stage 3: Accumulation range = Equal highs/lows
Stage 4: Disbelief = Initial higher high and low.
STAGE 4: STYLE.
My favorite spot to get in.
Great risk reward, clean invalidation if price finds acceptance below the range high/low again.
Often moves quick, but can take a few months.
STAGE 4: ENTRY.
Entry options:
1. Initial break out.
2. Retest range low; initial macro higher low.
3. Consolidation break out.
STAGE 5: PARABOLAA
How to spot it?
Confirmed bullish price action:
When the initial macro higher high gets followed up by another one.
STAGE 5: STYLE.
Very volatile and would set targets upfront so you won't be caught by your own euphoria.
I usually take profit at previous highs, into the parabola, and if it's early in the overall cycle, hold a moon position.
Coins showing super strength early often continue to outperform.
STAGE 5: ENTRY.
This is more difficult but can result in a quick upside.
It also comes with less clear invalidation, sharp shakeouts, and bigger risk.
Example of how we used a mid-range flip to jump upon the parabolic price action on $INJ in our live stream.
5 charts I'm in or watching right now!
1. $FET | USD
Already been in spot since stage 4, but looking to open another position around this mid-range flip.
Very similar to how we jumped upon $INJ in the previous post.
2. $ROSE | USD
Beautiful stage 3 break out. Super close to our invalidation.
3. $BLUR | USD
Beautiful range low retest after printing the initial higher high in phase 4. Waited for the lower time frame strength we are seeing right now to increase the probability of buying the initial higher low.
Looking for dips into the range low.
4. $DYDX | USD
Waiting for some lower time frame strength first.
5. $WOO | USD
Already up 40-50% since initially shared on Twitter. Looking for a pullback and higher low soon.
Think it'll get sent a lot higher soon.
READ:
-> These are not setups; these simply mark out the phases and what I'm looking for.
-> These take time; SPOT AND CHILL.
-> To nerve down my trigger fingers, I often open a lev position next to my spot. I will take profit faster here and play around with it a bit more.
Hope it helps fam, feel free to share any setups you are looking at!
🫡

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