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Your 3 main adversaries in the trading world are: Greed / Fear / FOMO Greed hinders your ability to make rational evaluations and assess whether the risk-reward of a transaction is justified. "The game deeply engrosses me, yet I cannot afford to forgo the essentials hoping to gain the superfluous." 🚦Fear drives you towards impulsive decisions, leading you away from your plans and strategies, or, in extreme cases, paralyzes you into inaction. 🤔All three instincts - "fight, flee, or freeze" - are detrimental in the trading environment. It's always wiser to think rather than act hastily. 😖These two conflicting emotions are crucial: without them, success is unattainable, yet succumbing to them may lead to your downfall. ⚖️ The fearless eventually lose everything, while the stingy, at best, keep what they have. Finding an emotional equilibrium is key. 🚀 FOMO, the driver of the bull crypto market, is everywhere. Events that might interest you happen every few hours, not just daily. It's fine to miss out; no one can catch every opportunity. 🍏Focus on catching a percentage of the opportunities that come your way. Avoid grabbing at those that have already fallen and been tainted by failure. 🧠 The market constantly presents new possibilities to everyone. The most crucial aspect is to remain engaged and think critically.

Your 3 main adversaries in the trading world are:

Greed / Fear / FOMO

Greed hinders your ability to make rational evaluations and assess whether the risk-reward of a transaction is justified.

"The game deeply engrosses me, yet I cannot afford to forgo the essentials hoping to gain the superfluous."

🚦Fear drives you towards impulsive decisions, leading you away from your plans and strategies, or, in extreme cases, paralyzes you into inaction.

🤔All three instincts - "fight, flee, or freeze" - are detrimental in the trading environment. It's always wiser to think rather than act hastily.

😖These two conflicting emotions are crucial: without them, success is unattainable, yet succumbing to them may lead to your downfall.

⚖️ The fearless eventually lose everything, while the stingy, at best, keep what they have. Finding an emotional equilibrium is key.

🚀 FOMO, the driver of the bull crypto market, is everywhere. Events that might interest you happen every few hours, not just daily. It's fine to miss out; no one can catch every opportunity.

🍏Focus on catching a percentage of the opportunities that come your way. Avoid grabbing at those that have already fallen and been tainted by failure.

🧠 The market constantly presents new possibilities to everyone. The most crucial aspect is to remain engaged and think critically.

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Technical Analysis of ETH/USDT 1. Moving Averages (MA): - MA (7): 123.98%, MA (25): 134.10%, MA (99): 115.19% - EMA (7): 123.88%, EMA (25): 126.28%, EMA (99): 110.27% The current price is above both short-term and long-term moving averages, indicating an upward trend. However, recent days have shown a decline as the price nears the MA (25) and EMA (25), which could signal a potential trend reversal. 2. Relative Strength Index (RSI): - RSI (6): 37.06, RSI (12): 44.04, RSI (24): 50.32 The RSI (6) is in the oversold zone, suggesting a possible short-term price increase. The RSI (12) and RSI (24) are in the neutral zone, offering no clear indications for medium-term movements. 3. Moving Average Convergence Divergence (MACD): - MACD Line: 9.78, Signal Line: -53.92 The MACD line crossing the signal line from above is a bearish signal, indicating a potential continuation of price decline in the medium term. 4. On-Balance Volume (OBV): - OBV: -15.242M The OBV shows a decrease, indicating reduced interest and trading volume. This points to weakness in the current trend and the potential for further price decline. 5. Overall Trend and Forecast: - Short-term trend: Declining, with possible short-term rebounds due to RSI (6) oversold condition. - Medium-term trend: Bearish, based on the MACD line crossing the signal line. - Long-term trend: Bullish, as the price remains above long-term moving averages. Forecast: In the short term, a slight increase is possible due to oversold conditions, but a continued downward movement is expected in the medium term. The long-term trend remains upward, though corrections may occur. #TradingShot #ETH
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Based on the provided BTC/USDT chart with RSI, MACD, and OBV indicators, the following technical analysis can be conducted: 1. Moving Averages (MA): - MA(7) = 160.69% - MA(25) = 164.02% - MA(99) = 156.95% - The current price is below both short-term and long-term MAs, indicating a bearish trend in the short term. 2. RSI (Relative Strength Index) Indicator: - RSI(6) = 32.14 - RSI(12) = 42.06 - RSI(24) = 48.49 - These RSI values indicate that BTC is nearing an oversold zone, particularly RSI(6), which is below 30. This suggests a potential short-term upward rebound. 3. MACD (Moving Average Convergence/Divergence) Indicator: - MACD(12, 26, 9) shows a value of 596.43 with the signal line at 51.60. - The MACD histogram indicates that the gap between MACD and the signal line is narrowing, potentially signaling a weakening bearish trend and a possible change in direction. 4. OBV (On-Balance Volume) Indicator: - OBV = -4.23M - The decline in OBV suggests that selling volumes are outpacing buying volumes, reinforcing the bearish trend. Overall Trend and Forecast: - Short-term trend: Given the current RSI values, BTC appears close to the oversold zone, indicating a potential short-term upward rebound. - Medium-term trend: The MACD suggests a potential weakening of the bearish trend, though no reversal signal is evident yet. - Long-term trend: BTC remains above the long-term moving averages, maintaining a bullish outlook in the long term despite the ongoing correction. In conclusion, it is advisable to monitor the MACD and OBV indicators for confirmation of a potential trend reversal. If the RSI stays in the oversold zone, it could signal an entry point for short-term trading. #TradingShot
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Cryptocurrency Market Overview Monday, June 10, 2024 Bitcoin Movement: 🟣Bitcoin traded within the range of $69,100 to $69,900 over the past 24 hours. Market Capitalization and Indices: 🔘Market capitalization: $2.48 trillion 🔘Dominance index: 55.30% 🔘Fear index: 72 Today, there are no significant news events, and China and Hong Kong are not trading. Tomorrow, oil market movements are expected due to the OPEC report, which could impact markets by influencing inflation prospects. Major market events will begin on June 12. Upcoming Economic Events: June 12: 🟡US CPI (inflation) data release 🟡 Federal Reserve rate meeting and press conference 🟡US inflation expectations data 🟡 Germany’s CPI data (minor impact) Other Notable Events This Week: 🟣Inflation data releases for Russia, Brazil, and Argentina. 🟣Potential movements in Tesla stocks as Elon Musk faces a $56 billion compensation cut, which could lead to his resignation. Market Outlook: 🔘The Federal Reserve is likely to transition to easing monetary policy soon, as discussed previously. Despite no policy change, money generation has already started, which explains why indices are stable. 🔘High bond yields, stock indices at highs, and geopolitical tensions suggest potential surprises in the markets. Bitcoin Analysis: 🔘Bitcoin found support between $69,200 and $68,800 after a drop on Friday but struggles to break through $69,800 - $70,000. 🔘Until June 12, Bitcoin is expected to remain within the range of $68,800 - $69,800. After that, it could either drop to $65,000 - $67,000 (short-term) or rise to $72,000 (with a high probability of breaking this level). Market Sentiment and Activity: ⏺Last week, spot BTC-ETFs saw an inflow of $1.828 billion. ⏺Altcoins remain weak, particularly Ether, which has not consolidated above $3,700. Today's Bitcoin Trading Range: ⏺Priority: Bitcoin within $68,500 - $70,200 🔴Alternative: Consolidation above $70,200 🔥 — Useful, keep going ❤️ — Phew, reassured #investment #bitcoin #cryptocurrency #money #finance
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