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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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Cryptocurrency Market Overview Saturday, April 13, 2024 Bitcoin fluctuated within the range of $65,000 to $71,000 over the past day. The market capitalization fell to $2.39 trillion; the dominance index rose to 55.69%, reaching peaks above 56% at times. This is the highest since April 2021. The fear index is at 72. Stock markets declined yesterday. The S&P 500 closed down 1.46%, the dollar index rose to 105.8, and the yield on 10-year bonds is at 4.51%. Markets were once again spooked by the potential for war between Iran and Israel (they were first frightened a few days ago). An Iranian strike is expected as retaliation for Israel's attack on the Iranian embassy in Syria. It would be logical for Iran to strike on a Saturday, and the US has disseminated information that Iran may soon act, causing the markets to tumble. In the stock market, the decline was within the bounds of a minor correction. Bitcoin also stayed within its range. However, altcoins truly took a hit, with top altcoins losing between 18% to 25%. The biggest drops were in CORE, W, CFX, RUNE, TIA. SOL also saw a significant decline. Liquidations on the market reached $930 million. Bitcoin's dominance index has risen to a two-year high. I liked Bitcoin's resilience in this situation. It never dropped below $65,000, remaining in the same range it has been since the end of February. This suggests that the influence of the market crowd on Bitcoin's price formation is diminishing. What's Next? I think that some form of retaliation from Iran will happen (though not necessarily right now), but a major Iran-Israel war is unlikely at this point. The market will begin to recover at the start of the week. Those who buy altcoins now at a 15-25% discount will earn a quick profit even in the short term. Those who wait for a cheaper price will miss out on opportunities again. Those who open a short will suffer. #btc #crypto2024
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📆 Thursday, April 4th, 2024 📈Over the past 24 hours, Bitcoin fluctuated within a range of $65,000 to $66,900. 📊Yesterday, stock markets saw growth. The S&P 500 index ended the day with a slight gain at 5211 points. The dollar index dipped a bit but remained sturdy above 104, and the yield on 10-year bonds reached 4.36% - a notably high figure. 💡A decline in the business activity index to a three-month low served as a catalyst for the surge, signaling good news for the market. A broader perspective on why the stock market stands where it does involves the unavoidable Federal Reserve rate cut in 2024, given the situation with the U.S. national debt and various other internal debts. 📉It seems likely that interest rates will end up significantly lower than what's currently anticipated. 🇺🇸💼Today, the U.S. is set to release trade balance and labor market data, potentially stirring market volatility with any surprises. 💸An increasing number of individuals are recognizing the toxicity of fiat in the present economic landscape. 📊🔍Bitcoin's position remains unchanged from its drop earlier in the week, establishing a local low at $64,500, with a support zone between $66,000 and $64,000. This forecast is holding up for now. 🔮The unpredictability of market sentiment underscores that nothing is guaranteed. A sudden surge of FUD could potentially break through not just the $64,000 mark but also dip below $62,000 to $60,000. The current audience quality is considered subpar, with a frightened crowd of "investors" capable of dramatic market moves. In a noteworthy development, Peter Schiff, a staunch advocate for gold over Bitcoin, has paradoxically opened sales for gold and silver bars in exchange for Bitcoin through his SchiffGold company. A pragmatic yet ironic move. 📈Today's key focus remains on a trading range with lower boundaries set at $62,000 to $60,000 and upper boundaries at $68,000 to $68,500. An alternative scenario could see a consolidation above $68,500. #MarketSituation
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