Why Do People Get Too Nervous When They Pick a Trade?
Ans: The fear of losing hard-earned capital or making the wrong decision triggers anxiety, especially for beginners. Many traders also feel pressure to succeed quickly, which adds emotional weight to each move they make.
$BTC Bitcoin had a strong rise with good volume but did not make a healthy correction as it breached several resistances without testing them. It is true that it broke the downtrend, but to enter the market it is necessary to wait for the correction. Currently, it is stagnating at the resistance of 95700, with low volume. When the volume is reduced, even small movements can be easily reversed, which limits the price's ability to break important resistances. Moreover, tomorrow the PMI (Purchasing Managers' Index) report of the United States will be published, a key indicator of economic health. Most investors are staying away waiting for this news, which is why the volume is low, and if the report reflects weakness in the economy, it could generate risk aversion and further pressure down volatile assets like Bitcoin. For these reasons, I expect a correction in the price rather than a rise.
A drop towards approximately 86600 can be expected, which is why I have buy orders at those levels, but we also have very strong news on Friday regarding employment in the United States, so perhaps itâs not tomorrow but Friday.
I still remain bullish on Bitcoin in the medium term, as at some point the FED will have to step in to rescue the economy by lowering rates, so I would see it as a drop in search of liquidity for a new rise.
It could also be expected that the news will be positive, and the price will break through the resistance of 95700 and continue rising, but the issue of tariffs with Trump will likely start to reflect in the economic indicators. In that case, I would have to reevaluate the chart again. In any case, don't fall into FOMO, be patient and wait for the price to give us a good entry.
The development of this stablecoin responds to several strategic objectives:
1. Strengthen digital infrastructure: The stablecoin aims to reinforce the digital infrastructure of the UAE, facilitating secure and efficient digital payments for both citizens and businesses and institutions.
2. Drive innovation in blockchain: With this initiative, Abu Dhabi aims to position the UAE at the forefront of global blockchain innovation, promoting the use of emerging technologies such as artificial intelligence and machine-to-machine transactions.
3. Attract foreign investment: By establishing a regulated and favorable environment for digital assets, the UAE seeks to attract investments and global talent in the technology and financial sectors.
4. Diversify the economy: The stablecoin is part of a broader strategy to diversify the UAE's economy, reducing dependency on oil and fostering sectors like financial technology and digital assets.
Initial Approval for the Creation of a Bitcoin Reserve in Arizona, but there is still a long way to go
The Arizona State Senate has approved a legislative proposal that contemplates the creation of a Bitcoin reserve as part of the state's assets. This step represents a significant advance in the recognition of cryptocurrencies within public finances. However, it is important to clarify that this initiative is not yet definitive: the governor still needs to sign the bill for it to become law.
Although the measure has generated enthusiasm in certain sectors, it is essential to maintain realistic expectations. Legislative approval is just one stage of the process, and changes, objections, or vetoes may still arise. Additionally, even if it is approved, its implementation will require careful analysis of legal, financial, and operational factors.
In summary, this is an interesting development, but still in an early phase. It is advisable to closely monitor its evolution without anticipating concrete outcomes until there is official confirmation from the state executive.
#TRXETF If the proposed ETF of $TRX by Canary Capital is approved, it could have a significant impact on the TRON ecosystem and the cryptocurrency market in general. Below are the possible effects:
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đ Potential Increase in Demand and Price of TRX
The approval of the ETF would allow institutional and retail investors to access TRX through regulated markets, which could increase demand for the token. Additionally, by including staking features, investors could earn additional returns, making the investment more attractive. This increase in demand could drive the price of TRX upward.
$BTC is currently moving in step with news from the US. The recent tariff exemption has fueled a strong recovery in its price. From a macro perspective, $BTC has withstood the most critical stage of the crisis, suggesting that it is in a correction within its bullish phase. While this recovery is encouraging, a moderate accumulation phase is still expected, awaiting key news that marks the start of a new bull run. This accumulation phase will likely develop in the $87,000 to $78,000 range and could extend for a period of two to three weeks. The big question is: what news will trigger the next bull run?
$BTC is currently moving in step with news from the US. The recent tariff exemption has fueled a strong recovery in its price. From a macro perspective, $BTC has withstood the most critical stage of the crisis, suggesting that it is in a correction within its bullish phase. While this recovery is encouraging, a moderate accumulation phase is still expected, awaiting key news that marks the start of a new bull run. This accumulation phase will likely develop in the $87,000 to $78,000 range and could extend for a period of 2 to 3 weeks. The big question is: what news will trigger the next bull run?
$BTC is currently moving in sync with the news coming from the U.S. The recent tariff exoneration has driven a strong recovery in its price. From a macro perspective, $BTC has withstood the most critical stage of the crisis, suggesting that it is in a correction within its bullish phase. While this recovery is encouraging, a phase of moderate accumulation is still expected, awaiting a key piece of news that will signal the start of a new bullrun. This accumulation phase will likely develop in the range of $87,000 to $78,000 and could extend over a period of 2 to 3 weeks. The big unknown is: what will be the news that triggers the next bullrun?
Will the Crypto 2.0 initiative be beneficial for the Crypto ecosystem?
#SECCrypto2.0 The "Crypto 2.0" initiative of the U.S. Securities and Exchange Commission (SEC) is an important step towards the regulation and sustainable growth of the cryptocurrency market. Here we explain why it is so beneficial for this sector: 1. Clear regulation and transparency One of the main advantages of "Crypto 2.0" is the creation of clear rules that provide transparency for both investors and companies in the sector. This reduces legal uncertainty, allowing market participants to operate with greater confidence.
I had 3 long positions ($ADA $AVAX and $ETH ) before the big fall, I closed two of them and took profits, but left the ADA position open, underestimating the potential fall.
All gains are lost...
Now, as I am waiting for prices to go back up, I'm buying and selling small portions to reduce my entry price. But I'm unsure if this is a good approach or not, what would you do if you were in this situation? I feel like it's a bit too late to cut losses đ
Hello everyone, I started a month ago in the crypto world, what do you think of my portfolio? I intend to have a long-term investment, do you know what impact there is with the tax authorities in Spain when it comes to declaring income by changing currencies? Better decentralized apps or Binance? Regards.
Hello everyone, I started a month ago in the crypto world, what do you think of my portfolio? I intend to have a long-term investment, do you know what impact there is with the tax authorities in Spain when it comes to declaring income by changing currencies? Better decentralized apps or Binance? Regards.
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