#TradingPsychology Trading doesn't just reveal your charac | Ethical_Trader on Binance Square

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#TradingPsychology 
Trading doesn't just reveal your character, it also builds it if you stay in the game long enough. Success in trading is survival first,profit second. Trading is very competitive and you have to be able to handle getting your butt kicked.

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Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week Bitcoin traders could risk off as a handful of US macroeconomic reports print throughout the week. Key takeaways: A week full of US macroeconomic reports could impact Bitcoin traders’ sentiment. Bitcoin’s rally could stall if there’s a sharp reduction in spot buy volumes. If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally. Bitcoin $BTC $94,655 price could face a period of range-bound trading after managing a 10.37% rally over the past 7 days. Robust spot purchasing demand from Strategy, the spot BTC ETFs, and announcements from 21Shares and Coinbase played a role in Bitcoin’s rally to $95,700. With the exception of the April 28 announcement of a $1.42 billion BTC purchase from Strategy, a quiet week on the crypto news front could translate to a reduction in spot demand and lower support tests from Bitcoin price. This week is also event-filled on the macroeconomic data reporting side. On April 29, the Job Openings and Labor Turnover Survey (JOLTS) report will be published, and the data could provide insight into how the US-led trade war and tariffs are being digested by the labor market.

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#TrumpTaxCuts US House Republicans wrestle with Trump tax cuts, Medicaid needs Republicans in the U.S. Congress turn in earnest this week to their biggest challenge of Donald Trump's presidency: trying to bridge internal divisions over proposed cuts to Medicaid and popular green energy initiatives to pay for a landmark tax-cut bill they hope to enact by June. After a two-week recess marked by some heated encounters with constituents back home, Republican lawmakers in the House of Representatives are due to begin debating and voting on segments of Trump's agenda legislation that would also fund his crackdown on immigration and bolster fossil fuel production and military spending.

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#XRPETFs The U.S. Securities and Exchange Commission (SEC) has approved three XRP (XRP) cryptocurrency exchange-traded funds (ETFs) to be issued by ProShares. Privately held ProShares, which focuses exclusively on ETFs, says it plans to introduce three XRP-tracked products in the coming week after receiving regulatory approval. The company will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). However, the SEC has yet to approve applications from ProShares, and others, to launch a spot XRP ETF. Fund manager Grayscale’s filing for a spot XRP ETF that would track the price movements of the cryptocurrency faces a May 22 deadline for the SEC to render a decision.

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#RiskRewardRatio The risk/reward ratio—also known as the risk/return ratio—marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain. Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment.

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$BTC Bitcoin opened on April 12, 2025, trading between $83,583 and $83,856, with a market capitalization of $1.65 trillion and a 24-hour trading volume of $29.74 billion. Intraday price movements ranged between $81,675 and $84,056, signaling a session marked by measured volatility and consolidation across multiple timeframes. Across the hourly chart, bitcoin ( BTC) traded within a narrow band from approximately $83,000 to $84,200. Price action showed signs of compression following a previous bullish impulse from $78,965 to $84,257. This move has since cooled, with diminishing volume hinting at declining short-term momentum. A breakout above $84,200 could potentially initiate a new leg upward, while a breakdown below $83,000 might trigger local bearish sentiment. The hourly setup favors range-based trading with well-defined stop-loss parameters. On the 4-hour chart, the structure indicates a bullish bias, supported by a V-shaped recovery from the recent low of $74,434. Bitcoin has been forming higher lows amid low-volume consolidation, suggesting that bulls are gradually absorbing selling pressure. Resistance at $84,500 remains pivotal, and a sustained breakout could target the $87,000 to $88,000 zone. Conversely, failure to break higher may lead to a retest of the $80,000 to $81,000 support region. Traders are advised to closely monitor volume surges and candle patterns for breakout confirmation.

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