Human Psychology (traders) when Bitcoin goes up, I see/read that the cycle is always similar. What do you mean?

Like this, if Bitcoin doesn't go up then someone will buy it beforehand. Well, usually most traders who follow, especially "will accuse other people of being bad for making bad decisions."

Back again, and vice versa. When assessing yourself when you fail "especially influencers or impromptu traders, or traders in quotation marks" often create stories to JUSTIFY past decisions and attribute bad results to risks. For example, yes it's also called trading, there are bound to be losses, yes it's also called Hodl or long term investing, be patient, if it goes down, it will go up again, don't worry because this is good, the Dev is good and blah blah blah.

There was a sentence that made me realize and think about why trading is not about capital, which most of the influencers hooked and introduced trading in a general way.

The sentence is like this 👇

WHAT SHOULD YOU DO TO MAKE LUCK A PART OF YOUR FINANCIAL BEHAVIOR?

Answer: Don't be too obsessed with the strategies implemented by certain individuals, because they could be outliers from the general situation that occurs in the wider community. It could be that your role model has privileges in the form of “connections” and power that you could never have. Instead we consider it to be a light, even though the advice could backfire on you.

This sentence made me think "no matter where you trade with other people, you won't be able to make a profit" because your behavior doesn't reflect how to make a profit from trading.

It's also useless to predict (as confidently as possible) telling everyone that Bitcoin will rise if you don't sell your house. Haha, just kidding.

Yes, yes. Sometimes our beliefs lose to the beliefs of a gambler. A gambler can be sure of winning and selling anything😂. But why don't the influenza traders just sell their possessions first? Dark Jokes😂

Quote: Edudax

5 Factors Driving Bitcoin to Cross $100,000 in 2024"

Bitcoin has reached a new milestone by surpassing $100,000 in December 2024. Here are five key factors driving the achievement:

* Widespread Institutional Adoption: Large corporations and financial institutions are starting to include Bitcoin in their investment portfolios, significantly increasing demand.

* Bitcoin ETF Approval in the US: The approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States has made it easier for retail investors to invest, boosting market liquidity.

* Bitcoin Halving 2024: The halving of Bitcoin mining rewards this year reduces new supply, creating scarcity that drives prices up.

* Pro-Crypto Government Policies: Governments in various countries, including the United States, are starting to implement policies that support the use and trading of crypto assets.

* Increasing Public Trust: With increasingly mature infrastructure and clear regulations, public confidence in Bitcoin as an investment asset is growing.

Want to capitalize on this momentum? Register on Binance through this link and enjoy up to 20% discount on trading fees!
Klik disini....

#BtcNewHolder #dailyearnings #InvestSmartly #cryptouniverseofficial

#MarketRebound

What is a Rebound in the Crypto Market and How to Take Advantage of It?"

A rebound in the context of the crypto market refers to a price recovery after a period of decline. This phenomenon occurs frequently and can be an opportunity for investors to enter the market at a lower price before the price rises again.

Tips for Taking Advantage of Rebounds:

* Technical Analysis: Use indicators such as RSI or MACD to identify potential rebounds.

* Breaking News: Monitor the latest news and developments that may affect the market.

* Risk Management: Always set a stop-loss to minimize potential losses.

Tingkatkan pengetahuan dan keterampilan trading Anda dengan bergabung di Binance Academy. Daftar sekarang melalui tautan ini! Klik disini... #MarketReboun
#BinanceAcademy
#CryptoEducation💡🚀

What Are Your Crypto Plans for the End of 2024?"

The end of the year is an important moment to evaluate your strategy in the crypto market. I want to know, what are you currently focused on?

Vote in the poll and share your reasons in the comments. We will highlight the best strategies in the next post
#BitcoinStrategy #bitcoin #Ethereum #BinanceSquare #Altcoins👀🚀

Bitcoin on the Verge of Breakout, Which Altcoins Are Worth Watching?

The end of the year usually brings high volatility to the crypto market. Today, Bitcoin ($BTC) is still moving around $98,522 with a big chance of heading towards $100,000.

However, don't ignore the altcoins that are attracting market attention:

1 Solana ($SOL ): Rebounding from the $50 level with increased NFT activity.

2 Polygon ($POL ): This Layer-2 project is supported by major partnerships.

3 Arbitrum ($ARB ): A rapidly growing DeFi ecosystem, suitable for long-term investment.

Today's Trading Strategy:

* Monitor Bitcoin's key support/resistance at $92,000 and $100,000.
* Diversify your portfolio with altcoins that have bullish potential.

Register on Binance via this link to take advantage of the year-end opportunity and get a fee discount of up to 20%!

Daftar di Binance melalui tautan ini untuk memanfaatkan peluang akhir tahun dan dapatkan diskon fee hingga 20%!
$SOL
$POL
$ARB

#MarketRebount #bitcoin #Altcoins👀🚀 #CryptoNews🔒📰🚫 #CryptoTrends2024

"5 Steps to Start Crypto Investment in Early 2025"

If you are new to crypto investment, here are some simple steps you can follow:

1. Learn Crypto Basics:

* Learn about Bitcoin, Ethereum, and other altcoins.

* Understand how blockchain works.

2 Create an Account on Binance:

* Register on Binance, a trusted platform for buying and selling crypto.

3 Choose an Investment Strategy:

* Trading: For short-term gains.

HODLing: For the long term.

4 Use Binance Features:

* Staking: For passive income.
* Launchpad: For investing in new projects.

5 Risk Management:

* Only invest money you are prepared to lose.

* Diversify your portfolio.

Additional Tips: Don't FOMO, and always follow the latest news from trusted sources.

#BTCOutlook #CryptoBeginner #cryptotips #investing2025 #bitcoin☀️

$BTC $ETH $XRP

"Bitcoin and Ethereum Price Prediction: Will $BTC and $ETH Rebound in Early 2025?"

Bitcoin ($BTC) price is currently stable around $98,522, while Ethereum ($ETH) is at $6,421. With mixed market sentiments, here is the analysis for you:

Bitcoin ($BTC):
Key Support Level: $92,000
Key Resistance Level: $100,000
Breakout Potential: If the price breaks through $100,000, the next target is $105,000.
Ethereum

Ethereum ($ETH):
Key Support Level: $6,200
Key Resistance Level: $6,500
Bullish Trend: Ethereum is showing bullish signals after increased Layer-2 activity.

Tips for Traders:

Day Traders: Focus on daily volatility, use tight stop-losses.

Long-Term Investors: HODL majors like $BTC and $ETH to capitalize on the upside potential in 2025.

#Bitcoin #EthereumUpdate #MarketPullback #tradingtips #cryptoanalysis

"5 Common Mistakes of Beginner Crypto Traders and How to Avoid Them"

As a beginner trader, you may often make mistakes that can actually be avoided. Here are five common mistakes and how to overcome them:

1. FOMO (Fear of Missing Out)
Mistake: Buying when the price rises drastically because you are afraid of missing out.
Solution: Do your analysis first. Don't rush into buying assets just because of the hype.

2. Over trading
Mistake: Making too many transactions without a plan.
Solution: Set daily/weekly trading limits and stick to your strategy.

3. Not Using Stop-Loss
Mistake: Not limiting losses when the market reverses direction.
Solution: Always set a stop-loss to reduce the risk of major losses.

4. Lack of Diversification
Mistake: Placing all your capital in one coin.
Solution: Allocate your portfolio to various assets to minimize risk.

5. Ignoring Fundamental News
Mistake: Not paying attention to news developments that affect the market.
Solution: Update information through trusted media, such as Binance Square or other news sites.

$BTC $XRP $SOL

#CryptoBeginner #bitcoin☀️ #altcoinbullish #riskmanagement #MarketPullback

Bitcoin Price Trend Today: $BTC Towards Support Level or Breakout?"

Bitcoin ($BTC ) is currently trading around $98,522, showing significant volatility in the last 24 hours with a high of $99,496 and a low of $92,192.

$BTC

RSI Indicator: Showing a value of 55, indicating neutral market conditions.

Moving Average (50-Day): The price is currently above the 50-day MA, indicating a short-term bullish trend.

Tips:

Day Traders: Consider an entry at the support level around $92,000 with a tight stop-loss.

Breakout: If the price breaks through the resistance at $100,000, the next target could be around $105,000.

$BTC
#BTC☀

The difference between traders that must be studied is not who trades in stocks and who trades in crypto.

But, please see below👇

Disciplined Trader:
- Tradibg based on system/plan
- Carrying out and running a good MM
- Enter and Exit according to the rules
- Trading with a focus on journal results
- Trading based on setup momentum (not forcing)

Emotional Trader:
- Trading based on emotions of fear and greed
- The more emotional the more aggressive
- Exit because of panic, enter because of fomo or just going along
- Maintain your position to prove you are right (don't enter SL or don't put SL) or don't want CL
- Feeling too special (like most crypto, most stocks, most TA specific).

Managing and understanding the psychology of trading is very important. Because, if you can't manage your emotions when trading and can't understand your own character, then you won't be able to trade well.

Studying trading psychology is boring. Studying trading psychology is not for the purpose of eliminating fear, greed, annoyance, anger and so on. But to be able to control your emotions of fear and greed, you become normal.

Because TA alone is not enough. In my opinion, the portion is the same, 50% TA and 50% trading psychology. In studying trading psychology, you will understand the meaning of SOP and the rules you must apply in TA.

Most of us "trade to make money" but don't want to learn and go through the process. This happened to me before. When I lose what I do is not self-evaluation, not journal evaluation, not even studying harder. But what I'm looking for is a channel that is "said" to be great.

So I was trapped in a vicious circle. I realized when I read the books again, what was actually written "there are no 100% great traders" everyone has their own journey and their own style. From there I realized "that the one who can help is yourself" one of which is changing your mindset and habits.

Quote: Edudax

#BTC #cryptonews #Crypto2024 #dyor #cryptocurrency

A trader who already has flying hours, journals, TA SOPs and other SOPs. In his trading journey, he will not be separated from what is called Stop Loss.

I used to stop loss 3 times and felt that the world of trading could not produce results, I gave up, I was stressed, I felt dizzy for mercy.

But gradually by learning trading psychology, learning TA again, keeping a journal, learning MM and learning to understand the psychology of money. Finally found the key that "even if you SL 5x in a row" in the future you just need to focus on running your journal, running your SOP, running your MM. And it is true that at the end of every trade you will definitely make a profit.

What is certain is when you have a journal and SOP. You will understand that there are times when there is a harvest, there are times when there are loss months, there are times when there are BEP months. . So this is what makes a trader.

If you follow other people, you won't feel their feelings. You won't feel the pleasure of keeping a journal, the pleasure of backtesting, the pleasure of having to be on track with the SOP.

Most traders are still in the struggle or failure stage, in fact they are still in the process of knowing themselves. So if you follow other people then you will never know where you are.

A trader's level of skill, a trader's level of feeling, a trader's level of maturity in understanding TA, a trader's level of psychological maturity, can only be obtained through an independent process in carrying out points in trading.

Quote: Edudax

#dyor #BTC #Crypto2024 #cryptonews #artikelcrypto