Why You Lose Money Trading Crypto (Part 3) Many factors can contribute to the unprofitability in the crypto industry. And to be a successful crypto trader or investor, you must observe and avoid them. Overtrading is one of the reasons many traders are losing money. Overtrading is a common pitfall in trading, where an individual makes excessive and frequent trades, often beyond their risk tolerance or trading strategy. It leads to several severe negative consequences, including: 1. Increased transaction costs 2. Loss of focus 3. Emotional stress 4. Loss of capital (trading fund) 5. Inconsistent Results All these won't allow you to be profitable, even when you want to be. If you want to stop losing money, you must be disciplined. Do you gain value? You can support and encourage me by sending a "TIP." ❤️ #crypto

To become a successful scalp trader, follow these simplified steps: 1. Know Scalping: Understand that scalp trading means quick trades for small profits. 2. Choose Liquid Assets: Trade highly liquid assets like major stocks, currencies, or cryptocurrencies. 3. Learn Charts: Get good at reading charts and indicators for smart entries and exits. 4. Manage Risks: Always set stop-loss and take-profit levels to protect your capital. 5. Trade High Volatility: Focus on volatile times for bigger price swings. 6. Low Spreads: Pick a broker with low spreads to reduce costs. 7. Act Fast: Be quick in making decisions based on your strategy. 8. Practice: Try your strategy on a demo account before using real money. 9. Set Goals: Aim for small, consistent profits with realistic targets. 10. Keep Learning: Stay updated and adapt your strategies by learning from experts and resources. Keep in mind that scalp trading is demanding, so be disciplined and aware of the risks involved. #crypto2023 #cryptocurrency #crypto #CryptoNews #opbnb

How to turn your $10 into $1000 in no time🔥 🤑 ‼Explore Now‼ Trading is a popular way to make money online, but it can be a risky business. However, it is possible to turn $10 into $1000 in crypto if you have the right strategy and mindset. Now we will explore how to turn $10 into $1000 in crypto trading. It is important to note that trading is not a get rich quick scheme. It requires patience, discipline, and a lot of hard work. It is also important to have a good understanding of the market and the different trading strategies available. Step 1 : Learn the basics of crypto trading Before you start trading, it is important to learn the basics of crypto trading. This includes understanding the different currency pairs, how to read charts, and the different trading strategies available. There are many online resources available that can help you learn the basics of trading. Step 2: Develop a trading strategy Once you have a good understanding of the basics of trading, it is important to develop a trading strategy. A trading strategy is a set of rules that you follow when making trades. Your trading strategy should take into account your risk tolerance, trading goals, and the market conditions. Step 3: Start trading with real money Once you are comfortable with your trading strategy, it is time to start trading with real money. It is important to start small and only risk a small percentage of your account on each trade. This will help you to minimize your losses and maximize your profits. Step 4: Manage your risk Managing your risk is crucial in crypto trading. It is important to set stop loss orders to limit your losses and take profit orders to lock in your profits. You should also avoid overtrading and only take trades that meet your trading criteria. Step 5: Be patient and disciplined Trading requires patience and discipline. It is important to stick to your trading strategy and not let your emotions get in the way. It is also important to be patient and not expect to make a lot of money overnight.

🚀 Becoming an Arbitrage Trader with Just $13.7: Beginner's Guide PART 1 You've heard about the exciting world of arbitrage trading, and here's the best part – you can jump into it with as little as $13! If you're new to the game, here's your roadmap to get started: 1. Learn the Basics: Begin by understanding what arbitrage trading is. It's all about taking advantage of price differences for the same asset on different platforms or exchanges. 2. Research, Research, Research: Dive into the crypto world and explore different exchanges and cryptocurrencies. Look for price disparities between platforms. Use tools like crypto tracking apps to spot opportunities. 3. Start Small: With your $13, focus on cryptocurrencies that are affordable and have noticeable price differences between exchanges. This minimizes risk while you hone your skills. 4. Create Exchange Accounts: Sign up on multiple cryptocurrency exchanges that support the coins you're interested in. Ensure you have wallets for each of these cryptocurrencies. 5. Monitor Prices: Keep a close eye on prices across the exchanges you've chosen. Look for assets that have a price gap that exceeds the trading fees. 6. Execute Trades: When you spot an opportunity, act swiftly! Execute buy and sell orders simultaneously on both exchanges – buy low on one, and sell high on the other. 7. Consider Fees: Remember that trading isn't fee-free. Account for trading fees, withdrawal charges, and transfer times when calculating your potential profits. 8. Risk Management: Arbitrage trading carries some risks, such as market volatility. Use stop-loss orders to protect your investments, and never put in more money than you can afford to lose. 9. Keep Learning: The world of arbitrage is ever-evolving. Stay updated on market trends, news, and evolving strategies through crypto forums and resources. 10. Grow Your Portfolio: As you gain experience and accumulate profits, consider reinvesting your earnings to scale up your trading capital. FOLLOW US FOR PART 2! Enjoy Trading!!! #crypto2023 #CryptoSolutions

How to Become a Crypto Arbitrage Trader with $10: Beginners Guide Crypto arbitrage trading is a strategy that involves profiting from the price differences between different cryptocurrency exchanges. This can be a profitable way to make money, but it is important to understand the risks involved before getting started. What You Need to Get Started To get started with crypto arbitrage trading, you will need: A computer or mobile device with internet access A crypto wallet $10 or more in fiat currency (e.g., USD, EUR) How to Find Arbitrage Opportunities There are a number of ways to find arbitrage opportunities. You can manually monitor the prices of different cryptocurrencies on different exchanges, or you can use a crypto arbitrage scanner. Crypto arbitrage scanners are websites or apps that track the prices of cryptocurrencies across different exchanges and alert you to potential arbitrage opportunities. How to Make an Arbitrage Trade Once you have found an arbitrage opportunity, you can make a trade by following these steps: Deposit fiat currency into one of the exchanges where the cryptocurrency is being sold at a lower price. Buy the cryptocurrency at the lower price. Transfer the cryptocurrency to the other exchange where it is being sold at a higher price. Sell the cryptocurrency at the higher price. Withdraw your fiat currency from the other exchange. Risks of Crypto Arbitrage Trading Crypto arbitrage trading is a relatively low-risk trading strategy, but there are still some risks to be aware of: Exchange fees: Exchanges charge fees for deposits, withdrawals, and trades. These fees can eat into your profits. Price volatility: The prices of cryptocurrencies can fluctuate rapidly. This means that there is a risk that the price of the cryptocurrency you are buying will fall before you can sell it at a higher price. Liquidity risk: There is a risk that there may not be enough buyers or sellers for the cryptocurrency you are trading. This could make it difficult to sell your cryptocurrency at a profit. #crypto #cryptonews #DeFiChallenge

🚨 🚨 ☑️ 😱 📈 🚨 🚨 #SOL /USDT Price prediction! $SOL 🧐 🚀 If SOL (Solana) break golden cross moment around $33, it could be straightly reach to an impressive $64 in a brief span! Weekly candles trying to reach golden cross MACD (7,25,99) soon. 🧞‍♂️ Estimated timeframe: JAN ~ APR 2024 🤔 This is only the SOL price chart moving prediction, stay tuned for more to come. 😉 "Long term trades always a good choice in winter period." 🌼 #Solana #cryptonews #crypto #cryptocurrency 🔥😎🔥

There were positive indicators for price increases in ETH, BNB, and XRP. $DOGE was quiet while $SHIB jumped over 2% in value during the last day. Investors have been frustrated by the lack of growth in the value of major cryptocurrencies like Ethereum [ETH], BNB Chain [BNB], and Ripple [XRP] for quite some time. Recent evidence suggests, however, that this trend might soon reverse. But the crypto market might become extremely turbulent in the fourth quarter of 2023, and here's why. Is a surge in the price of alternative cryptocurrencies imminent? Mags, a well-known crypto expert, revealed the state of the market in a recent tweet. A significant Wyckoff accumulation pattern has been seen in cryptocurrency market cap trade, according to the tweet. There are five stages to this pattern. The chart was in its fourth phase, D, as of press time. When demand increases, it is expected that prices would rise to at least the lines of resistance. Phase E, which follows Phase D, is characterised by a price breakout, complete demand dominance, and a blatant upward trend. Concerns persist. While the foregoing figures were encouraging, a deeper examination of the most popular cryptocurrencies shed light on what the future may hold. The largest crypto by market size, Ethereum, has recently been unable to rise beyond $1,700. As of this writing, one ether could be purchased for $1,686.51, giving the cryptocurrency a market worth of nearly $202 billion. According to CryptoQuant's findings, the token ETH is under selling pressure as its exchange reserve is growing. The total quantity of ETH coins exchanged has dropped by -57.66% during the past 24 hours, another pessimistic indication. Furthermore, its takers buy/sell ratio was negative, indicating that sellers were in control of the derivatives market. The likelihood of a decline in the days ahead was therefore raised. How some alternative cryptocurrencies compare Despite being the second biggest cryptocurrency behind ETH, BNB likewise failed to impress investors. According to CoinMarketCap, BNB has barely changed in the recent day. Market cap exceeded $33 billion at the time of writing, when it was trading at $215.89. Yet, a bullish crossover in BNB's MACD indicated a more dynamic upward price trend. Its Relative Strength Index (RSI) also rose and was heading over 50, indicating buying pressure. Though, the MFI (Money Flow Index) swung in the other direction and fell. While certain market indications favoured BNB bulls, its social metrics shot through the roof. According to LunarCrush, BNB's weekly social interaction increased by over 33% over the previous week. Its Altrank and optimistic sentiment both rose significantly during the past week, too, pointing to further price gains. XRP's price chart followed a same gradual pattern, with just minor fluctuations in the past day. The amount of trades using XRP also declined after the big increase. On the plus side, its 1-week price volatility increased. The Binance Funding Rate for the token has also stayed in the green, showing that it is in demand on the futures market. XRP's daily chart showed further signs of strength. Chaikin money flow (CMF) for XRP rose, per TradingView. Moreover, the token's Relative Strength Index (RSI) rose, indicating that it may see a price increase in the future. When this was being written. At its high, XRP had a market worth of almost $27 billion and was trading at $0.5207. Are memecoins becoming more popular? Top memecoins like Dogecoin [DOGE] and Shiba Inu [SHIB] should also be mentioned alongside altcoins. It's worth noting that neither memecoin exhibited any decoupling behaviour. Although their daily charts were in the green, the roughly two percent increase in SHIB's price over the previous day was cause for optimism. SHIB was worth $0.000007473 at the time of writing, while DOGE was worth $0.06266. Thus, a bull rally in October can't be ruled out given the performance of all the main cryptocurrencies. The #crypto market is notoriously unpredictable, so it will be interesting to see how it develops over the next several days.

So you think you've got what it takes to trade crypto with the big boys? Not so fast, rookie. Sure, you've watched a few YouTube tutorials, read a couple of blog posts, and now you're ready to dive in headfirst and start raking in the big bucks. Before you do, there are a few hidden dangers you need to be aware of if you want to actually make money at this game instead of just throwing your cash into the crypto blender. Trading crypto seems easy when you see the flashy gains of others, but behind the scenes, it's a risky business. As any pro will tell you, the key to success in this market isn't chasing quick wins or following hype - it's managing risk and avoiding major mistakes. If you want to trade crypto without getting reck, spot these hidden dangers first. Not Having a Trading Strategy Not having a solid trading strategy is one of the biggest mistakes new crypto traders make. Without a plan, you're essentially gambling. You need to determine things like: -What coins do you want to trade and why? Do research to find undervalued or up-and-coming cryptocurrencies with real-world utility. -What is your entry and exit strategy? At what price will you buy in and sell to take profits or cut losses? Set specific targets and stick to them. -How much are you willing to risk on each trade? Only invest money that you can afford to lose since crypto can be volatile. -What trading indicators or tools will you use? Look at things like moving averages, relative strength index (RSI), and volume to help determine the best times to buy or sell. -How often will you check on the markets and your positions? Staring at charts all day can lead to emotional decisions. Check in and trade at specific, scheduled times. -What will you do if the market crashes? Have a plan in place to avoid panic selling at a loss. Consider buying more of your chosen cryptocurrencies at a discount or holding until the market recovers. Without a concrete strategy, it's easy to get caught up in the excitement of the crypto markets and make rash decisions. Do your research, outline a comprehensive plan, and stick to it for the best chance at successful long-term trading. If needed, don't hesitate to make small adjustments to your strategy based on experience. The key is being disciplined and avoiding impulse trades. Ignoring Risk Management When trading crypto, one of the biggest mistakes you can make is ignoring risk management. You might get caught up in the excitement of big gains, but you need to go in with a plan to limit your losses. Set a stop loss A stop loss is an order that closes your trade if the price moves against you by a certain amount. For example, if you buy Bitcoin at $40,000, you could set a stop loss at $38,000. That way if the price drops below that, your trade is closed so you don't lose more than $2,000. Pick a percentage you're comfortable with, like 5-10% below your entry price. Don't get greedy hoping it will bounce back - cut your losses early. Only risk what you can afford to lose Crypto is highly volatile, so only put in money that you're OK with losing. Don't risk your life savings or money you need to pay bills. Start small and build up your position over time as you get more comfortable. Diversify your holdings Don't put all your eggs in one basket. Spread your risk across multiple coins and sectors. That way if one cryptocurrency crashes, your entire portfolio won't go down with it. Aim for at least 3-5 cryptocurrencies to start. Take profits when you can When your coins go up a lot in value, take some profits. Don't get caught holding the bag if the market turns. Take out your initial investment, or sell a percentage of your holding. Then even if the market drops, you've secured some gains. Following these risk management tips will help ensure you have a successful crypto trading experience. Stay disciplined, go in with a plan, and don't ignore the dangers. Do that, and you'll be trading crypto like a pro in no time! Trading on Emotion Rather Than Logic Trading crypto can be an emotional rollercoaster. The volatility of the market means wild price swings are common, and it's easy to get caught up in the excitement or panic. But successful crypto traders know that emotion is the enemy of logic. If you want to trade crypto like a pro, you need to develop an unemotional, logical trading strategy. Don't FOMO buy The fear of missing out (FOMO) can compel you to buy a coin just because the price is spiking or everyone on social media seems to be talking about it. But by the time a coin is hyped, the optimal buying opportunity has likely passed. The pros buy based on a coin's fundamentals and long-term potential, not hype or hysteria. Don't panic sell When the market drops and your portfolio plummets in value, it's normal to feel panicked. But selling in a panic often means locking in losses that you may not recover. The pros stay calm and logical, holding or buying more of coins they believe in for the long run. They know market ups and downs are part of the game. Base trades on data, not hype Do your own research on a coin's technology, team, roadmap, and market opportunity. Don't buy just because an "influencer" told you to. The pros analyze the hard data and fundamentals to determine if a coin is undervalued and has real potential. They tune out hype and opinions, focusing only on facts. Have a trading plan and stick to it Develop a well-thought out trading plan that defines your strategy, risk tolerance, entry and exit points, and more. Then stick to that plan, resisting the urge to make emotional decisions in the moment. The pros defined a clear plan ahead of time and follow it for every trade to maximize gains and minimize losses. Keeping your emotions in check is one of the hardest parts of crypto trading, but also one of the most important skills to cultivate. By developing an unemotional, data-driven approach, you'll make smarter trades and have a better chance of coming out ahead in the long run. Focus on logic, not hype. Plan your trades and trade your plan. That's how the pros do it. Not Keeping Up With Market News Keeping up with the latest crypto news and market events is crucial to trading successfully. If you’re not staying on top of current events, you could miss out on opportunities or be caught off guard by sudden drops. Not Following News Sources There are many great resources for crypto traders to get the latest industry news, including CoinDesk, CoinTelegraph, and CryptoPotato. Follow a few of the top sources so you never miss anything important. Read news stories daily to know what’s impacting the market and spot potential trading signals or warnings. News spreads fast in the crypto world, so if you’re not keeping up, you’ll be left behind. Ignoring Social Media Crypto news often breaks first on social media platforms like Twitter, Telegram, and Discord. Follow influencers, thought leaders, and news outlets in the crypto space. Look for announcements about new tech developments, exchange listings, partnerships, or other events that could move the market. Sometimes just a single tweet can send prices spiking or plunging. So make social media monitoring a regular part of your trading routine. Not Staying Alert for Volatility Crypto markets are open 24/7 and extremely volatile, so prices can swing wildly at any moment. Major news events often spark big price movements, especially around new regulations, tech developments, exchange hacks, or institutional investments. If you’re asleep when the news breaks, you could miss the chance to buy or sell at the optimal time. While you can’t stay glued to the screen constantly, do check in regularly on news and prices to avoid missing sudden market moves. Keeping a close eye on the news, social media, and overall market sentiment will help ensure you never get blindsided by events impacting your crypto investments. Staying well-informed is one of the secrets to trading wisely and avoiding missed opportunities or unnecessary losses. Make keeping up with the market a habit, and your trading skills will improve immensely. Overleveraging and Overtrading One of the biggest mistakes new crypto traders make is overleveraging and overtrading. These behaviors can quickly destroy your trading account and wipe out any gains. Overleveraging Leverage means using borrowed money to trade assets. In crypto, leverage allows you to control a larger position size with a smaller amount of your own capital. While leverage can amplify your gains, it also amplifies your losses. Using too much leverage, known as overleveraging, is dangerous. For example, 100x leverage means your losses can exceed your initial deposit. Always start with low leverage, like 5-10x, until you gain experience. Never use leverage you don't fully understand. Overtrading Overtrading means trading too frequently. New traders often feel like they need to constantly buy and sell to make money. In reality, the more you trade, the more opportunities there are for losses. Overtrading leads to accumulated fees, slippage, and increased risk of emotional decision making. The solution is to be patient and only trade when high-probability setups appear. Some tips: •Have a trading plan that specifies conditions needed to open a trade. Only trade when those conditions are met. •Use stop losses and take profits to avoid sitting in losing positions or giving back gains. •Take breaks from trading and the charts. Do other activities so you're not constantly thinking about trading. •Review your trading history to identify overtrading behavior and make a plan to avoid it going forward. Trading less and avoiding overleverage are two of the best ways to improve your trading and avoid preventable losses. Implement good risk management, be patient, and don't be tempted to overtrade or use too much leverage when the urge strikes. Your trading account will thank you. #Binance #crypto

To be a successful trader, mastering one trading method is key. My friend made millions by focusing on this approach, emphasizing the importance of consistency. His method revolves around identifying supply and demand zones on BTC charts. Here's a simplified breakdown: Start with a clean BTC chart, usually daily for major zones, but 5M and 15M for intraday trades. Look for sharp price drops for supply zones and sharp rises for demand zones. Mark these areas, including both wicks and candle bodies. Not all zones are equal. If price revisits a zone and reacts strongly (bouncing off or dropping sharply), it validates the zone. Based on the expected reaction, buy in demand zones and sell in supply zones. Set stop losses based on the opposite end of the zone. If BTC breaks and closes beyond the zone, consider it a signal that the zone might be invalidated. Continuously review your trades. Did they go as expected? This ongoing learning refines the strategy over time. Never go all-in. Allocate only a fraction of your portfolio to any trade. Remember, this method may seem simple but requires patterns, patience, and discipline. Stay consistent and keep learning for long-term success. #crypto2023 #crypto #CryptoNews #cryptocurrency #CRYPTOTRADINGBOTS

When is cryptocurrency not taxed. Here are all you need to know There are some cryptocurrency transactions that are not subject to either capital gains or income tax: Purchasing cryptocurrency with fiat currency Holding cryptocurrencies without selling them Moving cryptocurrency between your own cryptocurrency wallets Gifting cryptocurrency amounting to less than $15,000 Donating cryptocurrency to charities (in fact, this may be tax deductible) Creating an NFT (unless it is sold). It is essential to accurately track and report all cryptocurrency transactions and consult a tax professional to meet all obligations. For some, it may just be a matter of screenshotting the few crypto transactions they’ve made all year. For others, recording crypto transactions across all Web3 ecosystems can be an arduous affair. Several purpose-built crypto tax software solutions are available for tracking and generating reports for cryptocurrency transactions. Popular options include Koinly, CoinLedger and Accointing. Here’s a step-by-step guide to tracking and reporting crypto transactions: - Identify and organize all of your cryptocurrency transactions, including trades, purchases and sales. Make a list of the type of cryptocurrency or asset, the date of the transaction, the amount and the value at the time of the transaction. It’s also a good practice to note the relevant wallet addresses. -Calculate the cost basis for each transaction, which includes the purchase price, fees and any other costs incurred. -Determine the gain or loss on each transaction, which is the difference between the cost basis and the fair market value of the cryptocurrency at the time of the sale or trade. -Separate your short-term and long-term transactions based on whether you’ve held the crypto asset in question for less than a year (short-term) or longer than a year (long-term). By keeping accurate records and staying informed on the latest tax guidelines, you can easily navigate the tax implications of your cryptocurrency investments.

XRP showcases bullish trends following its win against the SEC.Evai CEO, Matthew Dixon, acknowledges possible XRP bull run, advises caution.Market analysts predict potential XRP price surge, reaching highs of $250. Amidst regulatory triumphs, XRP’s price signals bullish indicators, drawing interest from far-sighted investors. Evai’s CEO, Matthew Dixon, recently acknowledged the ripening prospects for XRP’s price surge. Despite a roller-coaster year for XRP, characterized by legal battles and market fluctuations, its current upswing is rekindling investor optimism. In a recent X post, Dixon mentioned insights from bullish market analysts on XRP, hinting at a possible robust upswing. There’s a lot of bullishness for XRP among market commentators, he noted, though he advised prudence. These upbeat sentiments follow XRP’s legal win against the SEC, wherein US District Judge Analisa Torres favored XRP, dismissing claims of it being a security. While some predictions foresee XRP rocketing to a staggering $250, others anticipate a surge by 2500%, aiming for a $20 mark.Dixon, however, remains tactically guarded. He intends to be a short-term player to curtail significant risks. Still, a strong bullish continuation might just pivot him towards a long-term investment strategy. Breaking the overhead resistance is the key. A solid breach, and I’m looking at a long-term position. Until then, short trades with tight stop losses remain my preference, he clarified. As the crypto landscape evolves, Ripple’s role is set to expand. With its ability to facilitate real-time cross-border transactions, Ripple could potentially redefine digital transactions, establishing itself as an industry cornerstone. With consistent advancements and collaborations, the future appears luminous for Ripple in the vast cosmos of cryptocurrencies. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Ripple #XRP $XRP

#TradingBots103 IntroductionTrading bots have the potential to revolutionize your cryptocurrency journey, automating your trades and potentially increasing profits. However, like any technology, they aren't immune to hiccups along the way. In this article, we'll explore the importance of troubleshooting common issues that can arise while using trading bots. By gaining insights into these challenges and learning how to resolve them effectively, you can ensure your bots operate seamlessly, making your crypto journey smoother and more profitable.Common Challenges in Bot TradingBefore we dive into troubleshooting, let's understand some common challenges faced by traders using bots:Technical Glitches: Bots can encounter technical issues, such as connectivity problems with exchanges, software bugs, or data feed interruptions.Misconfigured Strategies: Incorrectly set bot parameters or strategies can lead to undesirable outcomes. This might result in unexpected losses or missed opportunities.Market Volatility: Cryptocurrency markets are known for their volatility. Sudden price swings can catch bots off guard, leading to unfavorable trades.Lack of Monitoring: Some traders set bots and forget them. Regular monitoring is essential to ensure bots align with your current trading goals.Effective TroubleshootingNow, let's explore how to tackle these challenges effectively:Regular Updates: Keep your trading bot software up to date. Developers often release patches and updates to improve performance and fix bugs.Backtesting: Before deploying a bot in live trading, use backtesting to evaluate its performance under historical market conditions.Risk Management: Implement robust risk management strategies, including setting stop-loss orders, position sizing, and defining risk tolerance levels.Continuous Monitoring: Regularly check on your bot's performance. Adjust parameters or strategies as needed based on market conditions.Community Support: Engage with the bot's user community or support channels. Fellow traders can offer valuable insights and solutions to common issues.Closing Thoughts Trading bots can be powerful allies in your cryptocurrency trading journey, but they require attention and maintenance. By acknowledging common challenges and learning how to troubleshoot effectively, you can ensure that your bots operate seamlessly and in alignment with your trading goals. Remember, trading bots are tools to assist you, and your active involvement remains crucial. With effective troubleshooting, you can navigate the crypto markets with confidence and minimize disruptions along the way. Happy trading! #crypto2023

The crypto market continues to show signs of strength, as Bitcoin tries to establish its footing above the $27,000 zone. Bitcoin now trades at a spot price of $27,075 with a daily price increase of 0.52% and a weekly rise of 1.94%. Ethereum, on the other hand, is trading at around $1,680 and is only a few inches from breaking past $1,700. The crypto market cap continues to hold steady at $1.08 trillion. However, the weekend has drained the 24-hour trading volumes by 28.8%, leaving the trading volume figure at $30.6 billion over the last day. Overall, the market appears healthy and should hold steady for a few more days, until the bulls (or bears) become ready to make a move. Let’s go over a few interesting aspects of the crypto market together, shall we?   Could We Be Looking At a Breakout On Bitcoin? Bitcoin’s price action shows a trend from its $32,000 high in July, to its recent lower highs. As it happens, yesterday’s candlestick appears to have broken and closed above this trendline. This leaves us to wonder: Is this a false breakout on Bitcoin, or is the cryptocurrency finally ready to rally further upwards to retest its 99-day moving average, around $28,200?   Should We Be Afraid For Ethereum? Ethereum is largely bullish compared to Bitcoin. The cryptocurrency is trading at more than a 5% gain over the last week, compared to Bitcoin's 2% or thereabout. However, Etherereum’s bullishness may come at a price. The cryptocurrency’s bullishness became confirmed with a golden cross between its 7-day (yellow) and 25-day moving averages (purple). However, there is a glaring descending (bear) trendline on Ethereum’s chart. As pictured above, Ethereum is now headed for a retest of this bear formation (around $1,750) and may be at risk of further decline from this zone.   Is Solana Waking Up? Data from CoinMarketCap shows that Solana is doing pretty well on both timeframes. The cryptocurrency is up by 5.2% and by 8.7% on the daily and weekly timeframes respectively. Solana has been trading atop an ascending trendline since its slump of $13 on 10 June. Now, we have seen Solana suddenly wake up, and retest its 99-day moving average ($21.4) as pictured below. This presents a significant opportunity for the cryptocurrency. If a break above this zone happens, nothing much stops it from rallying further upwards into a retest of $32. There’s More In Store For Maker (MKR) If you have been following this channel for a while, you should know about Maker’s stellar performance last week. After a brief downturn, Maker is now recovering and resumed its ascent. According to CoinMarketCap, Maker is showing an impressive 24-hour gain of 5.5%, with weekly gains of 21.32% over the last 7 days. In the charts, we can see that Maker’s break above $1,375 brought it into a massive rally to the upside. Maker is now trading at $1,560 at press time and is doing pretty well for its investors. It is important to note, however, that Maker is unlikely to continue going upwards forever. For instance, we may even see a retest of $1,375 as MKR consolidates for another move upwards. Do your own research before opening this (or any other) trade.

Understanding When to close your Trades! Trading is risky but their is money when you make the right decisions. As a trader, you need to improve your decision making. Knowing when to exit a trade is very important. Most traders will be on +100% profit only to see their trades move to -100%. This here happen when a trader decides to ignore the fact that the Crypto/Forex market isn't controlled by us. When ever you realize some good amounts of profits, you can take out some percentage, set Break Even or even close the trades. Yes, it may still continue in profits, you will be vexed why you didn't allow the trade. No matter how vexed you are, DO NOT rush to re-enter that same trade, CONDUCT a fresh analysis before any new entrance. Be happy that you closed in good amount of profits, it is something to be proud of and it will effect you moral positively. Today is Sunday, withdraw some profits and put smile on your face and loved ones too. Also, put a smile on my Face too😂 Have a happy day, Friends✌️