PolkaDOT protocol is building PolkaDOT has a lot building around it!
Lots of news & hype is coming.
EverythingAltcoin on youtube has a great video posted up today. You best check it out and give him a follow!!
I believe we will see a new ATH with DOT and Cardano ADA will also be at a new ATH this cycle.
None of my work is financial advice it can go to ZERO
Bullrunincoming
COINBASE - BULLISH SCENARIOCoinbase (NASDAQ: COIN) exceeded Q3 expectations with a better-than-expected EPS and revenue. However, it saw a second consecutive quarter of declining trading volumes, causing after-hours shares to drop over 4%.
In Q3, EPS was ($0.01), surpassing the consensus estimate of ($0.55). Revenue reached $674.15 million, beating the consensus estimate of $650.97 million but declining 5% from the previous quarter.
Q3 total transaction revenue fell 12%, with a 17% drop in total trading volume. Q3 subscription and services revenue remained flat at $334 million.
For Q4, the company expects subscription and services revenue to stay roughly the same as Q3 and transaction expenses as a percentage of net revenue in the mid-teens.
Coinbase aims to achieve meaningful positive adjusted EBITDA in 2023, revising its goal from improving 2023 adjusted EBITDA in absolute dollar terms over 2022.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BTC: BIG PICTURE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important BTC update.
BTC is ranging between FWB:25K -$30k for more than 200 days and currently, it is trading around $26.7k level.
Now, one of the biggest questions in everyone's mind is where we are heading after these 2 years
of the bear market. I'll try to explain in this post.
BTC made a low of $15.5k last year in Nov. month and Imo we won't see that level again. As you know halving is after 6 months and before that, we might see a drop up to FWB:23K -$24k (as you see in the chart).
Perma Bears wants a new low or big crash before the halving and Perma Bulls wants a continuous pump from here but IMO market maker disappoint both of them.
I'm betting on a move towards $ 23.5k-$ 24.5k zone and then a move upwards (for a new uptrend).
Mind it that a wick can even go below $23.5k however weekly candle close will likely happen within this zone itself.
What do you think about this? Share your thoughts in the comment section.
Hope this chart helps you to take better trade decisions.
Thank You!
Why do the wealthy get wealthier while the poor get poorer?Hello, fellow crypto enthusiasts! I'm CryptoMojo, the name you can trust when it comes to trading views. As the captain of one of the most vibrant and rapidly growing crypto communities, I invite you to join me for the latest updates and expert long and short calls across a wide range of exchanges. I've got your trading needs covered with setups for the short-, mid-, and long-term. Let's dive into the charts together!
I've dedicated my time and effort to crafting this chart, but remember, what you see here is crypto insight, not financial advice. 🚀💰 #CryptoMojo #CryptoTrading
WHY THE
RICH GET RICHER AND THE POOR GET POORER
The adage "the rich get richer and the poor get poorer" serves as a stark reminder of the pervasive issue of economic inequality and the seemingly self-perpetuating cycle of wealth accumulation. This phenomenon is underpinned by a web of interrelated factors that fuel this divergence.
Income Inequality forms the bedrock of this inequality, as the widening chasm between high and low-income earners creates a yawning chasm. Those with substantial incomes find themselves flush with resources, ripe for investment and further wealth multiplication, while those with more modest earnings struggle to meet their basic needs.
The labyrinth of Access to Opportunities further exacerbates this divide. The affluent enjoy privileged access to quality education, lucrative career prospects, and influential networks, propelling them towards the upper echelons of financial success. Meanwhile, disadvantaged individuals often face insurmountable barriers, hampering their quest for prosperity.
Asset Ownership significantly tips the scales in favor of the wealthy. These individuals are more inclined to possess assets such as stocks, real estate, and thriving businesses, which appreciate over time and generate passive income streams. Such opportunities rarely beckon to those with limited resources.
Financial Education bestows an invaluable advantage upon the affluent. They wield superior financial literacy and access to expert guidance, making informed decisions about investments and wealth management. Conversely, the financially underserved may stumble due to a lack of knowledge, leading to suboptimal financial choices.
The entwining of Taxation and Policies can skew wealth distribution. Favorable tax regulations may augment the wealth of the affluent through loopholes and exemptions, while the impoverished find meager support from social safety nets, perpetuating their struggle.
The relentless ebb and flow of Economic Cycles wields disproportionate influence. Downturns hit the disadvantaged the hardest, causing job loss and asset depreciation, while the affluent can weather the storm and even seize investment opportunities amidst the turmoil.
Inheritance perpetuates this divide, with wealthy families bequeathing assets, businesses, and influential connections to their progeny, securing their legacy and perpetuating the cycle of wealth.
Differential access to Credit compounds the problem, as the wealthy can secure loans at preferential rates, empowering them to invest in income-generating endeavors. In contrast, the financially marginalized often face barriers to accessing affordable credit.
The ethereal realm of Psychological Factors also plays a pivotal role. A "rich mindset," characterized by financial acumen, calculated risk-taking, and a forward-looking perspective, begets more avenues for wealth creation.
Systemic and Structural Factors weave a complex tapestry, with issues like systemic racism, discrimination, and entrenched socioeconomic barriers disproportionately affecting marginalized communities, further entrenching the cycle of poverty.
These multifaceted dynamics underscore the depth of the challenge. Addressing wealth inequality demands a comprehensive approach encompassing policy reforms, equitable access to education and resources, bolstered financial literacy, and a fervent commitment to dismantling systemic injustices. The ultimate goal is a society where every individual is afforded equal opportunities to enhance their financial well-being and quality of life.
This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
BTC long-term: POTENTIAL SCENARIO!Because there are so many incorrect charts floating around, I decided it was time to create a long-term chart.
I believe that the logarithmic chart's right fit is a square root function, which indicates that the growth is slowing over very long durations. BTC can't just keep expanding exponentially. In 2025, this would result in outrageous pricing in the millions.
I am a long-term bull on bitcoin, but one must maintain reality.
The halvings are what drive these growth cycles since they always result in a supply shock and a subsequent rally.
Of course, these are all just estimates, but I believe this chart to be accurate.
BTC's long-term target is, in my opinion, about 150K USD in 2025 or later. It can be considered the last asymptotic price because it won't increase any further after that.
After the halving, the market experienced a roughly 1000-day bull and bear run. Using historical data, we can determine that Bitcoin entered the subsequent halving at a point that was almost 50% below its peak. In light of this, the price of Bitcoin may reach close to $35,000 before the subsequent halving.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept
EXPLAINED BASIC CONCEPTS OF TRADE📊📈 Unleash Your Trading Potential with These Proven Strategies! 🚀
Hello, Aspiring Traders!
Are you ready to embark on the exciting path to trading success? Trading isn't just about making profits; it's a disciplined business, an art form, and a psychological challenge. The keys to success are deceptively simple but often overlooked.
✨ Trading is NOT Gambling!
Bid farewell to unrealistic expectations and the notion that trading is akin to rolling the dice. To steer your journey in the right direction, follow these steps:
🚀 Set and Maintain Risk-Reward Ratios.
Never risk more than 1% of your deposit on a single trade. Ensure control over your risk exposure by using variable lot sizes, regardless of market conditions.
🚀 Steer Clear of the "All-In" Approach.
Resist the urge to place your entire account balance on a single trade in the hopes of recouping losses. Trading is about learning, not desperation.
🚀 Safeguard Your Capital with Stop Loss Orders.
Utilize Stop Loss (SL) orders consistently. Avoid relying on manual closures, as emotions can lead to costly decisions.
🚀 Establish Daily and Weekly Loss Limits.
Set sensible limits. If you encounter three consecutive losses in a day, take a break. If your losses exceed 10% of your account within a week, step back for the following week. This break is crucial for your growth as a trader.
✨ Maintain a Calm and Collected Demeanor
Successful traders exhibit a unique blend of discipline akin to a robot and the intuitive faculties of a human. Remember, entering the market too early or too late is just as detrimental as being wrong. Maintain your composure:
🧘 Keep Emotions in Check.
Euphoria and panic are your adversaries. Emotions belong in the casino, not in trading.
🧘 Steer Clear of FOMO (Fear of Missing Out).
Don't trade out of fear or impatience. Premature entries driven by FOMO can lead to losses.
🧘 Forge Your Own Path.
Resist the temptation of herd mentality. Successful traders are independent thinkers.
🧘 Cultivate a Diverse Watchlist.
Focus on instruments with setups you understand work. Avoid inventing trades that don't align with your strategy.
✨ Consistency is the Key to Triumph
Steady gains are far superior to volatile boom-bust performances. Here's your roadmap to consistency:
📊 Discover Your Trading Strategy.
Thoroughly research and select a trading strategy that aligns with your personality and comprehension.
📊 Employ Paper Trading and Backtesting.
Test your strategy in real-time and refine it through paper trading and the analysis of historical data.
📊 Monitor Your Trades.
Maintain meticulous records to pinpoint your strengths, weaknesses, and recurring patterns in your trading.
📊 Codify Your Rules.
Establish a precise algorithm for your trading strategy to minimize emotional decision-making.
🚀 In Conclusion: Embrace the Journey!
Trading is a long-term endeavor, not a shortcut to wealth. Along the way, you'll face challenges, losses, and setbacks, but when you succeed, you'll unlock the path to financial freedom!
🙌 Show your support for these strategies with a LIKE and share your thoughts in the COMMENTS! Let's navigate the world of trading and reach success together! 🌟
Bitcoin has completed its 4th Golden Cross on 3D. ITS ON. LONGGGChart speaks for itself. 90+ EMA crossing a 200 SMA on the 3 DAY has historically been AUTO UP bull run for the entire cryptocurrency market. A long here. EZ.
To add: those candle bodies going down last year, circled with the white arrows - thats gonna happen going up, faster.
NOT FINANCIAL ADVICE.
The Path of HOLDERS" 🌟🚀Hello, fellow crypto enthusiasts! I'm CryptoMojo, the name you can trust when it comes to trading views. As the captain of one of the most vibrant and rapidly growing crypto communities, I invite you to join me for the latest updates and expert long and short calls across a wide range of exchanges. I've got your trading needs covered with setups for the short-, mid-, and long-term. Let's dive into the charts together!
I've dedicated my time and effort to crafting this chart, but remember, what you see here is crypto insight, not financial advice. 🚀💰 #CryptoMojo #CryptoTrading
HODLers, Prepare to Conquer! 🌟
While the Bitcoin rollercoaster may seem to have reached its lowest point, the thrilling journey through the crypto wilderness is far from over. Right now, we're venturing deep into the captivating Accumulation phase, a realm that demands not only Patience but also Courage as our guiding stars. 🌲💫
Now, let's turn our attention to the tantalizing world of #Altcoins, where on the majestic canvas of higher timeframe charts, they're poised for nothing short of a spectacular breakthrough. As we gaze ahead into Q4, all signs point to a bullish adventure for these altcoin gems. 🚀📈
In this bustling and often clamorous crypto realm, here's your compass: Accumulate your treasures with the shrewdness of a seasoned collector and hold them with the unyielding resolve of a true champion. Tune out the distractions, and cling unswervingly to your long-term vision. 🚀💎
In the grand tapestry of the crypto cosmos, rest assured, your steadfast Patience will soon be showered with the rewards you've envisioned. Keep the faith, for the best is yet to come!" 🌌💰 #CryptoHODL #LongTermGains
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
PHB: breakout this falling wedge pattern!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#PHB/USDT
After a long time, PHB breaks this 208D-long Falling wedge pattern in the 1D time frame.
But we still need a retest of this pattern to conform this pattern.
IMO, it looks good to buy in a spot with a SL if any candle closes below the upper support of this pattern.
If everything goes well, we can expect a good return in the upcoming bull run.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
STMX: IS GETTING READY FOR A BIG MOVE!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#STMX/USDT
After a long time, STMX breaks this 989D-long descending channel in the 2D time frame.
But we still need a retest of this pattern to conform this pattern.
IMO, it looks good to buy in a spot with a SL if any candle closes below the upper support of this pattern.
If everything goes well, we can expect a good return in the upcoming bull run.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
SMI MFI Indicator: A Game Changer 💰📊 SMI MFI Unwrapped: The SMI MFI (Smoothed Money Flow Index) is a technical indicator that blends the Money Flow Index (MFI) and the Stochastic Momentum Index (SMI). It provides a unique perspective on market sentiment and momentum.
🔄 Understanding Global Reversals: The SMI MFI indicator is particularly valuable for identifying major market turning points. It can signal when Bitcoin is transitioning from a bearish trend to a bullish one, or vice versa.
🌟 Key Features: What sets SMI MFI apart is its ability to smooth out noisy price data, making it more resilient to false signals. It offers a clearer picture of money flow and momentum.
🔍 How to Utilize It: Traders and investors can use the SMI MFI indicator as a tool to time their entries and exits strategically. When it shows significant divergence from Bitcoin's price movements, it may indicate a potential trend reversal.
🔮 Navigating Crypto Markets: Keep in mind that while the SMI MFI indicator can be a valuable addition to your trading toolbox, it's essential to conduct comprehensive research and risk management before making any trading decisions.
In conclusion, the introduction of the SMI MFI indicator adds a new dimension to the world of crypto trading. It has the potential to become a valuable tool for spotting global market reversals in the dynamic Bitcoin landscape.
Stay tuned, stay analytical, and remember – in the crypto world, being ahead of the curve can be a game-changer! 🌐💰
Analyzing Bitcoin's Popularity: The Potential for Corrections 📊🚀 Bitcoin's Soaring Interest: We've witnessed Bitcoin's meteoric rise to fame, drawing attention from investors, institutions, and the general public. Its surging popularity has been nothing short of remarkable.
📈 The Price-Interest Conundrum: Here's the intriguing part – when Bitcoin's popularity skyrockets and the mainstream media begins touting its merits, it often coincides with a phase of rapid price escalation.
📉 The Correction Potential: What history has shown is that these periods of intense interest and price surges can also be followed by corrections – temporary pullbacks in price. This is a natural part of Bitcoin's volatile journey.
💡 Insights for Investors: Understanding this relationship between popularity and corrections can be valuable. It's a reminder that even in the world of crypto, markets don't move in a straight line. Corrections offer opportunities for patient investors.
🔮 Predicting Corrections: While it's challenging to precisely predict when a correction will occur, heightened interest can be a signal to stay vigilant. It's a reminder to approach the market with a balanced strategy, combining optimism with caution.
In conclusion, the surging interest in Bitcoin is a testament to its growing significance in the financial world. However, it's essential to recognize that popularity doesn't guarantee a one-way ticket to perpetual gains. Corrections are a healthy part of Bitcoin's price discovery process.
Wow BTC really dump, pump, dumpthat is a rising wedge on a daily TF
we see instance of price surging thereby creating a liquidity void which of course will be filled at some point; only a matter of when.
Also there is a Balance Price range ay 21400 - 22k, so note that price might revisit there.
I see BTC filling up the currently liquidity created and then launching all the way to 38k before we have the dump during halving then we can have a real bullrun to wherever the next target will be after 65k.
I will update you as it goes; But take note of this.
CANDLESTICK PATTERNS CHART SHEETCandlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable.
Once you recognize these patterns, you may be ready for your next move and use other tools to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
SIMPLEST VIEW OF BTC #BTC UPDATE
On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline.
A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside.
However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline.
Significant volatility is anticipated next week because of the US CPI and FOMC schedules.
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EMOTIONAL STATES OF A TRADERHello traders, today we will talk about EMOTIONAL STATES OF A TRADER
#1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock.
#2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story in the stock trading world.
#3 Thrill – The market is continually going in the direction favorable to you. At this point, you are starting to feel that you are too smart. This is the stage where we are fully confident with the trading system that we have.
#4 Euphoria – This is the point where both the maximum financial risk and maximum financial gain are marked. As the investments you made start to turn to easy and quick profits, we simply ignore the risk’s basic concept. At this stage, we start trading at every opportunity we see with the aim of making bucks.
#5 Anxiety – The market starts to turn around. The market is starting to get back your hard-earned gains. However, this is new to us, we still believe with the trend we have seen before and still trade.
#6 Denial – We still think that the market simply does not turn as quickly as we hoped. There must be something wrong is what we keep on believing.
#7 Fear – Reality finally sets in and you now realize that you are not that smart after all. From being confident, you are now confused. We know that we should start getting out with a small profit but we just cannot bring ourselves to move on.
#8 Desperation – At this point, all of your gains are lost. Without knowing what to do, we attempt to do things that will leverage our position again.
#9 Panic – This is the most emotional stage as this is where we are hopeless and clueless. We feel like we lost control and now are left at the mercy of the market.
#10 Capitulation – This is where we reach our braking point and start selling our position for whatever price so as we can get out and lose no more.
#11 Despondency – After our exit, we now view the market as something not for us and we develop a phobia of buying stocks.
#12 Depression – We drink, pray or cry. We think we are so dumb and we start to analyzing where we went wrong. This is where true traders are born.
#13 Hope – We realize that the market has a cycle, which then renews our hope and we believe that we can still do it.
#14 Relief – The market turns positive once again. We are seeing the coming back of our prior investment and we now have our faith in it back.
The cycle will then start all over again and it is up to you how to play it this time.
This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
BIASES THAT EXPLAIN WHY TRADERS LOSE MONEYHello traders, today we will talk about WHY TRADERS LOSE MONEY
BIAS
WHAT IT MEANS…
HOW IT INFLUENCES TRADERS
Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions.
After a loss, traders often get scared or try to get back to break even. Both mental states lead to bad trading quickly.
After a win, many traders get over-confident and trade loosely.
You must be aware of how you react to recent results and trade with a high level of awareness.
Dilution effect Irrelevant data weakens other more relevant data. Using too many tools and trading concepts to analyze price could weaken the importance of the core decision drivers.
I wrote about redundant signals and how to combine the right tools here: click here
Gambler’s fallacy People believe that probabilities have to even each other out in the short term. Traders misinterpret randomness and believe that after three losing trades, a winning trade is more likely. The probabilities don’t change based on past results.
Even after 10 losses in a row, the next trade does not have a higher chance of being a winner.
Anchoring Overestimating the importance of the first available piece of information. Upon entering a trade, people set their whole chart and analysis in reference to their entry price and don’t see the whole picture objectively anymore.
You must always have a plan BEFORE you enter a trade.
Insensitivity to sample size Underestimating the variance for large and small sample sizes. Traders too often make assumptions about the accuracy of their system based on just a few trades, or even change parameters after only a few losers.
A decent sample size is 30 – 50 trades. Do not alter anything about your approach before you have reached this number. And make sure that you follow the same rules to get an accurate picture of your trading within the sample size.
Contagion heuristic Avoiding contact with objects people see as “contaminated” by previous contact. Traders avoid markets/instruments after having a large loss in that instrument, even when the loss was the fault of the trader.
Hindsight We see things that have already occurred as more probable than they were before they took place. Looking back on your trades and fishing for explanations why the trade has failed, even though those signals weren’t obvious at the time.
Do not change your indicator or setting after a loss to come up with explanations or excuses. Accept that losses are normal and always follow your plan.
Hot-hand fallacy After a successful outcome on a random event, another success is more likely. Traders believe that once they are in a winning streak, things become easier and they can “feel” what the market is going to do next.
I wrote about the hot-dand-fallacy in trading before: click here
Peak–end rule People judge an event based on how they felt at the peak of the event. Traders look at a losing trade and only see how much they were in profit at the maximum, but don’t look at what went wrong afterwards.
Do not change your reference point when in a trade and have a plan for your trade management and when to exit before entering a trade.
Simulation heuristic People feel more regret if they miss an event only by a little. Price that missed your target only by a little bit, or a trade where you got stopped out just by a few points can be more painful than other trades.
The outcome is out of your control and you cannot influence the price movements. The only thing you can do is manage your trade within your rules.
Social proof If unsure what to do, people look for what other people did. Traders too often ask for advice from other traders when they are not sure what to do – even when other traders have a completely different trading strategy.
You must take responsibility for your actions and results. And not rely on someone else.
Framing People make decisions based on how it is presented; a gain is more valuable than a loss and a sure gain is more valuable than a probabilistic greater gain. Traders close profitable trades too early because they value current profits more than a potentially larger profit in the future.
Cutting winners too soon is a huge problem. If this is an issue for you, reducing screen time can be helpful. Do not watch your trades tick by tick.
Sunk cost We will invest in something just because we have already invested in it. before Adding to losing trades because you are already invested, even though no objective reason to add exists.
You must define your stop loss in advance and then execute it without hesitation when it has been reached.
Confirmation Only looking for information that confirms your beliefs, ideas and actions. Blanking out reasons and signals that don’t support your trade and just looking for confirmation.
Especially when traders are in a loss, they only look for supportive information. Stay objective!
Overconfidence People have a higher confidence than what their level of skill actually suggests. Traders misjudge their level of expertise and skill. Consistently losing traders don’t see that it’s their fault.
Analyze your results objectively and get a trading journal to add even more accountability.
Selective perception Forgetting those things that caused discomfort. Traders forget easily that their own mistakes and wrong trading decisions caused the majority of their losses.
Do not blame the marjets, unfair circumnstances, your broker or any other outside event. You are the one who is responsible for making it work. It’s totally up to you and blaming others won’t help you make progress.
Which bias is the one that is causing you the greatest troubles? What are you workin on right now? Let me know in the comments below and I will answer with tips and ideas on how to overcome your struggles.
This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you