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🔴Technical indicators are very popular tools in the trading sector, especially for the highly volatile cryptocurrency market. Even though they certainly do not guarantee the prediction of market movements, they often succeed in anticipating a market direction (bearish, neutral, bullish), or at least defining its current trend.
🔴Among the most telling indicators, the formation of a golden cross is often a herald of a new bullish phase. Indeed, as pointed out on X by Benjamin Cowen, founder of Into The Cryptoverse, on the Bitcoin price chart in dollars, the simple moving average over 50 days (in red below) is crossing above the simple moving average over 200 days (in white). This would form the infamous "golden cross".
Thank you very much to all the friends who did not leave me alone on my birthday. I am glad to have you, I love you all.❤️❤️❤️❤️❤️❤️❤️❤️ $BTC $BNB $ETH
On this special festival, at this special moment, thank you for being the most special one. We couldn't have come this far without the support and recognition of every beloved one. Grateful to have you along the way 🌹🌹🌹
XRP: How It Changes the Future of Global Money Transfers?
Why does transferring money from one country to another still take days and cost high fees? XRP aims to solve this problem through Ripple technology and is considered one of the leading projects seeking to reform the traditional financial system. In this article, we review the story from the beginning.
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What is XRP?
XRP is a digital asset developed by a project called Ripple.
When participating in futures trading - especially with highly volatile assets like Bitcoin - managing emotions is the key factor in determining success or failure. Here are the reasons why:
1. Futures have high leverage → Emotions can easily get out of control
• With leverage of 10x, 20x, or even 100x, just a small price movement can lead to significant profits or wipe out your account in minutes. • Emotions like greed when seeing large profits, or panic when the account is in the red can lead to: • Chasing prices when they are pumping. • Cutting losses too early when prices have just slightly adjusted. • Holding onto losses too long, hoping “it will turn around.”
2. Hasty decisions can easily lead to losses
• Unstable emotions can make you: • Not adhere to the trading plan you have set. • Change targets/losses midway because “you feel the price will go the opposite way.” • Engage in revenge trading after a losing trade.
3. Psychology affects analysis
• When you fear losses or are overly optimistic, you will: • Ignore clear technical signals. • Look for reasons to enter trades based on feelings rather than objective analysis.
4. Those who control their emotions will stick to the plan
• Disciplined trading, no FOMO. • Knowing when to cut losses, taking profits reasonably. • Not letting a few winning/loss trades affect the overall long-term strategy.
✅ Ways to practice emotional management:
1. Always set stop-loss and take-profit. 2. Keep a trading journal to recognize bad habits. 3. Do not trade when feeling unstable. 4. Only use capital you can afford to lose.
Every mistake costs money! No lesson is free! Be careful and learn a lot this season! And don't be afraid to be ambitious, but always be afraid! Finally, may we survive and make a good profit!