Trading Crypto Guide ™

06 января 2023 18:12

Here's the analysis of #MINA :

#MINA trading below the strong resistance zone of $0.500 - $0.509. Recently, price broke above the channel pattern and rejects from the minor resistance. Currently, its a no trade zone as price approaching towards the structural support. We'll update, if there'll any setup 🔹

Trading Crypto Guide ™

06 января 2023 11:03

What Are Behavioral Biases and How Can We Avoid Them?

Behavioral biases, when left unchecked, can lead to poor crypto trading and investing decisions. In fact, there is an entire field of study called behavioral finance, which combines psychological theory with conventional financial economics. Biases are often unconscious, so you must pay close attention to your behavior to reduce bias-charged decision-making.

1. Overconfidence

The overconfidence bias applies to traders who are too sure of their trading ability, causing them to make risky market decisions or overly frequent trades. You can also be overconfident in assets you have already invested heavily in, leading to a portfolio lacking in diversification.

2. Limited Attention Span

There are countless crypto opportunities available. However, we only have a limited amount of attention to spare to properly understand each option before trading. Furthermore, there is often a lot of market noise surrounding different crypto opportunities. This could lead to trading decisions being made with incorrect or insufficient information.

3. Trend-Chasing

Due to the volatile nature of the crypto market, traders may be misled by a token’s exponential price increase and neglect studying the fundamentals that support this spike. Instead of jumping on the bandwagon, consider assets trading below what you feel is their intrinsic value instead of just focusing on tokens that have performed spectacularly well.

Trading Crypto Guide ™

05 января 2023 18:16

Here's the analysis of #ATOM :

#ATOM is been trending to the upside after making the bear flag invalid. Price moved above the resistance line showing bullish intention. Daily TF doesn't looks promising as its approaching the resistance area. No setups as of now until hourly support breaks.

Trading Crypto Guide ™

05 января 2023 10:40

#Bitcoin 💰 Reserves hits the #ATL (All-Time Low) since 2020 data. This data shows "The total number of coins held in the exchange". As the values continue to rise in reserve, it indicates higher selling pressure, and now it ATL. So, This might be the reason of consolidation in #Bitcoin for long-time.

Trading Crypto Guide ™

04 января 2023 18:10

Here's the analysis of #XRP :

#XRP rejected from the strong resistance of $0.372 - $0.376 and sharply rejected from the major support zone around $0.301 - $0.311. Its more likely a stop-hunt and trying to change the market structure. Right now, its a no trade level and short-sells at strong resistance with confirmation.

Trading Crypto Guide ™

04 января 2023 08:38

#Bitcoin continues with it parabolic move and given a decent up-move. Price already reached near its strong resistance level, so anticipating so a small range or a rejection here. Price break and close above $17,100 will kick-in small alts rally 📈.

Trading Crypto Guide ™

04 января 2023 06:12

Here's the analysis of #LINK :

#LINK break below after the consolidation range and tapped the major support zone of $5.30 - $5.41. Recently, price retested and rejected the structural level as resistance around $5.75 - $5.78. Currently, price trying to break above the resistance zone, which may eventually push till $6.02 - $6.07. A rejection will be potential short-sells opportunity.

Trading Crypto Guide ™

03 января 2023 10:22

#GALA broke the downtrend channel and price is moving toward the resistance zone. The alternative path is chosen by price. There is high probability that price reject from the resistance area and continue the downward movement. A short selling opportunity is there near $0.018 level.

Trading Crypto Guide ™

02 января 2023 18:06

Here's the analysis of #OCEAN :

#OCEAN floating above the major support zone of $0.146 - $0.155. Price more precisely ranging now, and forming a triangle pattern, where price gave a minor break. This can be a fake out, so not looking for any setups here.

Trading Crypto Guide ™

02 января 2023 09:42

Overall market is on a short-term pullback mode. #ZIL is also on its way too and might test the resistance zone of $0.0170 - $0.0173. You can look for confirmation in/ nearby that area of entries.

Trading Crypto Guide ™

01 января 2023 18:04

Here's the analysis of #WAVES :

#WAVES dropped sharply too the major support zone of $1.23 - $1.31. Recently price retraced hard and mitigated from the resistance zone of $1.47 - $1.49. The rejection were too hard, so a Consolidation range is expected. A break below of the support will be the perfect opportunity for sells.

Trading Crypto Guide ™

01 января 2023 11:07

#GALA travelling inside the downtrend channel pattern and a retracement is expected to the resistance line and drop. Alternatively, this can take a fake breakout of the channel till resistance zone, which will be a high probable shorts opportunity.

Trading Crypto Guide ™

31 декабря 2022 19:58

Here's the analysis of #CAKE :

#CAKE is been on a structural support zone around $3.11 - $3.15 and the major support zone is at $2.82 - $2.89. Market Structure is already heavily bearish, so price is expected to break to the downside and reach till the major support level. Alternatively, a rejection in daily TF, will push the price to major resistance of $3.51 - $3.59. Keep an eye on price action.

Trading Crypto Guide ™

31 декабря 2022 07:43

#BTC drove down to the strong support zone of $16,300 - $16,350 and price nearly reacted from it. Right now, its testing the intermediate weak flip levels, which might end up be a rejection. Its better to enjoy the weekend and Near Year too 😊.

Trading Crypto Guide ™

30 декабря 2022 12:10

#BAT continues to push lower and running around 8.50% in profits. One scale-in position missed but Its a right time to secure position of the running trade by locking some profits and move stops to breakeven.

Trading Crypto Guide ™

06 января 2023 12:54

#LINK did give a close above but ended up being rejection as no candle able to move any higher. Price already rejected and broken the trendline too. Still not a good setup, so looking for a confirmation back to resistance for shorts 📉.

Trading Crypto Guide ™

06 января 2023 07:12

#BTC completed its parabolic move and rejected from the resistance too. Price started consolidating and moreover hodling above the hourly support around $16,750. Waiting for a breakout below $16,750 or $17,000 mark.

Trading Crypto Guide ™

05 января 2023 13:15

#OCEAN given a breakout of the triangle pattern, which makes the bias bullish but there's is strong resistance zone around $0.177- $0.181. Price is rejecting from here, which a potential setup now, but use hourly structure as confirmation. Alternatively, buys are risky as there's a bunch of rejection areas.

Trading Crypto Guide ™

05 января 2023 07:16

#Bitcoin rallies up till the resistance zone and goes deep inside it and ended up being rejection as anticipated. Still, price maintaining the market structure. Price need to break the 4H swing low for a confirmation. You can look for hourly support for early indication.

Trading Crypto Guide ™

04 января 2023 11:55

#BTC.D consolidated for more than 2 weeks over the major resistance level and now trying to break below of the zone. Candle closure is still pending, this could be potential opportunity for a short-term altcoin movement and #BTC also aligns with it. Look for confirmation and risk accordingly.

Trading Crypto Guide ™

04 января 2023 06:31

https://www.binance.com/en/support/announcement/98469caac0b54a2198208b7ceed71f91

Trading Crypto Guide ™

03 января 2023 13:22

#BAND did give a break below and quickly reversed. Price is more yo ranging now. Right now, price tested back to major resistance and rejected too. Better look for another opportunities and close any open positions.

Trading Crypto Guide ™

03 января 2023 06:28

#BTC did gave a slightly move as possible, still anticipating that small up-move and also look for that rising wedge pattern. A break of the risking wedge will be early indication of the exhaustion.

Trading Crypto Guide ™

02 января 2023 12:29

So, Most of the people gonna hodl the older purchases and anticipation of upmove. But we would say, better average out the position, as market is already drastically down about 80% - 90%. So, to recover those price, market needs to rise 9x - 10x from the bottom, which is huge. This might possible but you'll lose the potential profits out there. Bet only on blue-chip coins as market gonna wash away unhealthy projects until next bull-run.

Trading Crypto Guide ™

02 января 2023 07:24

#BTC still didn't moved alot and its kore than was earlier. Price forming a parabolic move and might reach the resistance level around $16,850 and 17,000 atmost. Hourly TF, trying to shift structure, so short-term upmove may come, don't fall in trap wait for opportunities.

Trading Crypto Guide ™

01 января 2023 12:58

#DOCK didn't gave a breakout and rejected from the resistance as mentioned. If you took the entey then its good. Price again came back and made a large wick showing sharp rejection again. Now, price build a range and look for a range breakout.

Trading Crypto Guide ™

01 января 2023 07:32

Another week passed and #BTC didn't gave any good movement over the past couple of weeks. Mostly, plays with a ranges and build ranges inside ranges. Scalping goes good with these type of range, but for a true move, we might gonna see some heavy manipulation this month or a relief rally may be🗣

Trading Crypto Guide ™

31 декабря 2022 12:27

#BICO reversed from the shorts level and took use out at breakeven. I hope you locked profits at the strong support. Price again rejected from the same level and now build-up a consolidation range. You can trade the range or wait for a breakout to happen. Take it as per market conditions💠

Trading Crypto Guide ™

30 декабря 2022 18:15

Here's the analysis of #FLOW :

#FLOW printed its new ATL (All-Time-Low) by breaking the support zone around $0.729 - $0.742. Price is expected for a pullback now, as its already pushed heavily lower. There's no buy opportunity as of no support looking left. Wait for a pullback for short-sells 🔺

Trading Crypto Guide ™

30 декабря 2022 10:24

#BAND took a strong pull-back as anticipated. Price didn't gave any reaction or rejection from the resistance zone. Currently, price is again below the zone and on the hourly Flip level too. Break and Close below candle of the $1.398 mark, can be potential scale-in 🔹