#1INCHUSDT On a higher timeframe price is ranging near low | Mr_Tycoon23 on Binance Square

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Bullish

#1INCHUSDT 
On a higher timeframe price is ranging near lowest support zone ➖➖
Small risk trade🎯🎯
Keep your stoploss tight 🏁
$1INCH 

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*Types of Biases that Impact Traders* 👨🏻‍💻👩🏻‍💻🧑🏻‍💻 To understand trading psychology, one must first attain a general understanding of the biases and heuristics of a trader. *Biases are segmented into two types: cognitive and emotional* . A *cognitive bias* refers to a systematic pattern of deviation from rationality in human thinking and decision-making. ⭕It is a mental shortcut or tendency that can lead to irrational judgements or flawed reasoning. ⭕Cognitive biases can arise from information processing limitations, heuristics, social influence, or individual experiences. ⭕They often occur unconsciously and can impact various aspects of decision-making, including perception, memory, attention, and problem-solving. ➡️The other side of the bias spectrum is the *emotional bias.* ⭕This speaks to the influence of feelings or mood on decision-making. ⭕Emotional biases occur when fear, greed, or excitement, play a significant role in shaping an individual's judgements and choices. ⭕Emotions can cloud judgement, lead to impulsive actions, or distort perceptions of risk and reward. ⭕These biases can impact decision-making in various domains, including trading, investing, and even everyday life. ⭕Both *cognitive and emotional* *biases* can affect decision-making processes, including those related to trading and financial markets. ⭕Traders need to be aware of and manage these biases to make more rational and informed decisions. $BTC

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*Why are there so many kinds of cryptocurrency?* Have your ever wondered??🙄🙄 It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large. There are more than two million different cryptocurrencies in existence, according to CoinMarketCap.com, a market research website [2] . And while some cryptocurrencies have total market valuations in the hundreds of billions of dollars, others are obscure and essentially worthless. If you’re thinking about getting into cryptocurrency, it can be helpful to start with one that is commonly traded and relatively well-established in the market. These coins typically have the largest market capitalizations. Thoughtfully selecting your cryptocurrency, however, is no guarantee of success in such a volatile space. Sometimes, an issue in the deeply interconnected crypto industry can spill out and have broad implications on asset values. For instance, in November of 2022 the market took a major hit as the cryptocurrency exchange FTX struggled to deal with liquidity issues amid a spike in withdrawals. As the fallout spread, cryptocurrencies both large and small saw their values plummet. There are other ways to manage risk within your crypto portfolio, such as by diversifying the range of cryptocurrencies that you buy $BTC

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*$127 Million Lost to Crypto Phishing Scams: Are Your Assets Safe?* Read to understand what's happening in the world of crypto👇🏻🥴🤯 In September 2024, nearly 10,000 victims of crypto phishing scams lost an alarming $46 million, according to ScamSniffer’s monthly phishing report. This rising trend highlights how cybercriminals are increasingly targeting cryptocurrency users. Among the reported losses, one victim lost a staggering $32 million due to a forged permit signature, while another lost $1 million by simply copying a contaminated transfer address. These cases contribute to a larger problem, with total losses from phishing attacks in Q3 2024 reaching $127 million. On average, around 11,000 victims fall prey to these scams each month, with two major incidents alone accounting for $87 million in losses. Shocking, right? Here’s how it all unfolded. How Victims Are Targetted Most phishing scams come from fake accounts on X (formerly Twitter) and malicious ads on Google. Cybercriminals trick victims into clicking on phishing links that look like legitimate platforms. Once users engage, their wallets can be compromised, or they may accidentally sign transactions that lead to the loss of their assets. *Stay Alert – Always!* ❗❗ $BTC

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📊*Bitcoin Analysis*📌 OCTOBER 5th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H4) The price action of $BTC on the H4 timeframe is playing out the expected pattern. 📈 After holding the support region, the price action is bouncing back and is on track to fill the upper side of the candle imbalance. This could indicate further upward momentum if the support holds. 🔄💪 ⚪️WRAP-UP (VIP) The price action on the H1 timeframe is forming higher highs and is heading toward the upper side liquidity levels. 📊 This upward movement could signal further bullish momentum as it targets key liquidity regions. 🚀 $BTC DAILY RANGE: 📈Upper Limit: $72,926 📉Lower Limit: $54,016 (+-35.01 based on moving average volatility open/endpoints) 📌SCALP ENTRIES (VIP) (*Advanced traders only - moderate/high risk) 🔵LONG 💲61,308 🔴SHORT 💲60,935 ➖➖➖➖➖ $BTC

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📌WIF SHOWING MIXED SIGNALS 📈📉 The WIFUSDT analysis update shows a mix of buy and sell signals. Technical indicators like oscillators and moving averages are neutral, but some analysts predict a potential breakout above the resistance level, which could lead to significant gains. Current Trend WIFUSDT is experiencing a short-term bearish trend, but this could be a buying opportunity if it drops to the support level around 1.5-1.7. Trade Ideas Some traders suggest opening a long position, aiming for higher highs and potentially new peaks, with take-profit targets at $2.50, $2.60, and $3.50. Others recommend waiting for confirmation before making any moves, with potential entry at $2.4028 and stop loss at $2.6379. Key Levels to Watch - Support levels: 1.96, 1.95, and 1.45 - Resistance levels: 2.15, 2.2, and 2.65-2.80 Keep in mind that technical analysis is not a reliable indicator of future performance, and it's essential to consider multiple sources before making investment decisions. For more detailed analysis and updates, I recommend checking out on BITGET $WIF

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