The Role of Patience and Self-Control in Successful Trading
Trading is an art and science of managing risks and opportunities in financial markets. To achieve success, it is not enough to have analytical skills and understand the basics of trading. Among the key factors that determine a trader's success are patience and self-control.
#BTC a beautiful pin-bar is forming (waiting for the end of the day.) -Bounce from the beautiful level of 94000 -Touching the dynamic level EMA 50 -When breaking the maximum value of the pin-bar, a false breakout will also form -Buy: set a limit order for purchases at the level of 99000. -On the hourly chart, we are waiting for a beautiful setup from the level of 99000 like+subscribe=♡ follow the hashtag, place your orders.
Emotions such as fear and greed are major obstacles on a trader's path to success. They can lead to rash decisions, losses, and even complete disillusionment with trading. In this article, we will discuss how to effectively cope with these emotions to maintain composure and make informed decisions.
◾Binance conducted a global survey involving over 27,000 users about their views on the crypto market and expectations for 2025.
◾Expectations for 2025:
◾19.39% expect increased regulation of cryptocurrencies. ◾23.89% believe that AI-related tokens will lead the market. ◾16.1% predict a rise in the participation of traditional financial institutions. ◾45% of respondents entered crypto only in 2024. ◾Memecoins (16.1%), Bitcoin (14.44%), and BNB (14.23%) are the most popular assets among holders.
◾Motivation for entering crypto: - 22.4% are attracted by the potential for rapid growth. - 18.78% are interested in decentralization and financial independence. - 17.16% value the speed and simplicity of transactions.
◾ US GDP Q3 (q/q): 3.1%, forecast 2.8%, prev. 3.0%.
◾The US economy expanded by 3.1% year-on-year, exceeding the previous estimate of 2.8% and the second quarter result of 3%. This is the fastest growth rate this year, which is due to an upward revision of exports and consumer spending indicators, despite a partial reduction in the forecast for private investment in inventories.
Learn from mistakes in trading: how to draw lessons and improve your results Trading is not just about working with charts and numbers, but also a complex psychological challenge. In this process, mistakes are an integral part of every trader's journey. However, it is important not to fear them, but to learn from them. It is through mistakes that we can improve our skills and become more successful.
#SOL Solana (SOL) price recently saw a significant gain, rising 10% to $161. This jump came after US Federal Reserve Chairman Jerome Powell made a statement, hinting at a possible interest rate cut in the coming months.
Markets interpreted these comments as a signal for monetary easing, which led to a rise in the prices of various cryptocurrencies, including Solana. Prior to this, SOL was trading around $140, but after Powell’s speech, the price quickly rose above $160.
Solana’s current price is $215.96, reflecting the ongoing volatility in the crypto market. like+subscribe=♡
Weekend Prediction!! On December 18, 2024, according to CoinLore, the Ethereum price is #ETH at around $3,864.75, down 3.84% from its previous close.
Forecasts for the coming days point to a possible rise in the price of ETH
According to CoinLore, the price of ETH is expected to reach $4,320 in the next 10 days.
However, according to Changelly, the price of ETH is predicted to decline by 0.98% by December 19, 2024.
The current price of Bitcoin is #BTC at around $104,234, down 2.85% from its previous close.
BTC's forecast for the end of the week is less certain, but some analysts are skeptical of further price growth given the current market dynamics. like+subscribe=♡
Kraken Survey: 73% of Americans Will Continue to Invest in Cryptocurrency According to a study by the cryptocurrency exchange Kraken, 55% of respondents in the U.S. believe that digital assets have practical value, and 73% of respondents confirmed plans to continue investing in cryptocurrency despite market fluctuations. Interest in the sector is supported by hopes for growth and innovation.
Discussions about the legitimacy #DOGE involve several key aspects: 1. Unlimited issuance Dogecoin has an unlimited supply of coins, which is different from cryptocurrencies like Bitcoin, where the number of coins is strictly limited (21 million). This raises concerns among analysts, as unlimited issuance could lead to inflation and a decrease in the coin's value in the long term.
Cardano #ADA/USDT has been growing significantly in recent days. Since the beginning of November 2024, the price of ADA has increased by more than 300%, rising from $0.32 to $1.30.
Analyst Dan Gambardello predicts a so-called "supercycle" for Cardano, which implies further significant growth in the price of ADA.
Amid this growth, Cardano is strengthening its position among the leading cryptocurrencies, attracting the attention of investors and analysts. like + subscribe = ♡
In recent days, #XRP , the cryptocurrency associated with Ripple Labs, has shown significant fluctuations amid expectations of changes in cryptocurrency regulation in the USA. After Donald Trump was elected president of the USA, XRP rose nearly 400% since November 5, reaching $2.43 and becoming the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Investors hope that the new administration will ease cryptocurrency regulations, which could positively impact XRP. Previously, Ripple faced SEC claims for selling unregistered securities and was fined $125 million. The appointment of Paul Atkins, a known opponent of strict cryptocurrency regulation, as head of the SEC has bolstered optimism among XRP holders.
In recent days, Bitcoin has shown significant growth, setting new historical highs. On the night of December 16, 2024, the price of the first cryptocurrency exceeded $106,000 for the first time, reaching $106,554 on the Coinbase exchange and $106,648 on Binance.
This growth is attributed to statements by elected U.S. President Donald Trump regarding plans to create a strategic reserve of Bitcoins, similar to the strategic oil reserve. Such intentions have sparked enthusiasm among investors and contributed to the rise in the cryptocurrency's exchange rate.
Against this backdrop, Bitcoin's market capitalization has exceeded $2 trillion, making it one of the largest assets in the global market. Since the beginning of 2024, Bitcoin has appreciated by 148%, reflecting the growing interest of investors in digital assets.
In addition, there has been an increase in the number of large Bitcoin holders. According to analysts, the number of owners of large wallets has increased by 9.9% since October 10, indicating ongoing accumulation of cryptocurrency by institutional and private investors.
Bitcoin #BTC : Bitcoin broke the resistance level at $101,900 on December 12, however, the bulls could not hold positions above that mark. Current support is at $96,916 (20-day EMA); a breakout below it could lead to a decline to $90,000. To continue the upward trend, it is necessary to break the level of $104,088, which could open the way to $113,331 and further to $125,000.
Tokenization of real assets (RWA) continues to evolve, attracting both traditional financial players and the cryptocurrency community. Here are the key news and trends:
1. Growth of institutional interest Large financial companies, such as BlackRock and Janus Henderson, are actively exploring RWA as a way to enhance efficiency and liquidity. For example, tokenized U.S. government bonds showed a 450% growth in 2024 due to the convenience of working with them on blockchain platforms.
Trading on the top 10 cryptocurrencies can be profitable, but it comes with high risks. The prospects depend on many factors, such as technological updates, market trends, and regulation. Here are some points to consider:
1. Bitcoin
: Bitcoin remains the main asset in the cryptocurrency space. It attracts institutional investors and serves as "digital gold." In the long term, it may strengthen as a store of value, especially if it gains wider acceptance as a means of payment.