Daan Crypto Trades

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@DaanCrypto

Fulltime Crypto Trader & Investor 📈 | Tweets are not financial advice | TG: t.me/DaanCryptoTG | YT: youtube.com/@daancrypto |

partner.bybit.eu/b/daancrypto Joined October 2017

560 Following 414K Followers 52K Posts

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Daan Crypto Trades @DaanCrypto Jun 12, 2021

Educational Thread Overview 📚

Below, you can find all my educational threads about subjects like Profit Taking, Risk Management and others. 👇

Daan Crypto Trades @DaanCrypto 4h

Markets are going to be in another rollercoaster up to the $NVDA earnings next week with all that's going on.

TradFi aside, we did also just get the news of the Microstrategy exclusion from the MSCI indices, but that was pretty much known at this point so no major surprise there.

Take good note of how $BTC and crypto trades relative to all the headlines and market movements these next few days. That will tell you all you need to know.

zoomer Verified account @zoomerfied 5h

[ ZOOMER ]

MSCI MAKE FINAL DECISION ON $MSTR INDEX INCLUSION, STRATEGY TO BE REMOVED AT THE END OF THE MONTH AS PREVIOUSLY INDICATED: FILING
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Daan Crypto Trades @DaanCrypto 5h

At least $BTC is safe from affair-driven dumps

zerohedge Verified account @zerohedge 5h

HUANG HUNG UP ON NYT INQUIRY; NVIDIA (NVDA) DECLINED COMMENT

HUANG'S ALLEGED RELATIONSHIP WAS WITH NVIDIA (NVDA) HEALTH CARE VP KIMBERLY POWELL
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Daan Crypto Trades @DaanCrypto 6h

$BTC Finished 5 consecutive red weekly candle in a row. This is only the 3rd time in the past decade this occurred.

The current candle is pretty much flat so we'll have to see how that closes.

The other two times we saw 5+ was earlier this year in 2026 and once in 2022 when we saw 9 red weeks in a row.

Both of those cases saw very different results after ending the streak, too small of a sample size for any meaningful statistics.

Daan Crypto Trades Verified account @DaanCrypto 4d

$BTC Is about to close its 5th consecutive weekly candle in the red.

The last time we hit 5+ was this February when it topped at 6.

The only other time before that was all the way in 2022 when we saw 9 consecutive red weekly candles.

So to see 5 in a row is quite a rare sighting. The other two streaks happened in middle of a bear market and when price traded below the bull market support band in a bearish structure.

Next week is going to be interesting as I suspect we will get a resolution on this either way. Eyes on the weekly closes.

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Daan Crypto Trades @DaanCrypto 11h

$BTC Open Interest (in BTC) is back at the highest level we've seen since 2021-2023.

Every time we hit this area during the past year, we saw a flush of open interest soon after. Usually this was due some sort of squeeze in the market which made the open interest top out.

Keep in mind, this says nothing about which direction that squeeze should be in. But in the majority of the other examples on the chart it did cause a reversal in the market instead of further continuation.

This makes sense as positions tend to build up during a trend. Then when that trend reverses you see those positions cover to take profit or get squeezed out. The other side of the trade generally already got washed out multiple times before.