The market has been moving up and down, and you’re unsure what’s coming next. Then, suddenly, you see it: a single candlestick completely engulfs the previous one. That’s the engulfing candlestick pattern, and if you understand how to read it, you’re one step closer to making better trading decisions. Engulfing patterns are one of the …
Imagine this: You wake up, check your phone, and see that Bitcoin has dropped 20% overnight. Panic sets in. Should you sell? Hold? Buy more? You scroll through Twitter—some people are screaming “bear market,” others say it’s just a dip. Your heart races. You wonder if you’ve made a mistake. Welcome to the world of …
For a cryptocurrency trader, navigating the volatile markets successfully hinges not just on technical analysis or market knowledge, but also on understanding the nuances of trading psychology. A critical aspect of this is recognising and mitigating biases. Bias, whether cognitive or emotional, profoundly influences decision-making. Emotional bias, in particular, warrants closer examination due to its …
If you’ve ever looked at a trading chart and felt overwhelmed by all the red and green bars, don’t worry—you’re not alone. But those bars, called candlesticks, hold a wealth of information. They tell a story about the market. Understanding them can give you a serious edge in trading. Candlestick patterns have been used for …
Say you open your crypto trading app. The charts are moving. Numbers are flashing. Prices are jumping up and down. How do you know when to buy? When to sell? When to just sit tight? That’s where trading indicators come in. They help traders make sense of all the madness. If you’re new to crypto, …
If you’re new to trading and looking to step into the world of cryptocurrency, you’re in the right place. Cryptocurrency trading offers exciting opportunities, but it can also be confusing and risky if you don’t know what you’re doing. This guide is designed specifically for beginners who are serious about understanding crypto trading. We’ll cover …
Bitcoin options expiry can trigger BTC price fluctuations as large positions are settled, influencing market dynamics.
Trading patterns is a topic that every trader should explore whatever is the market he or she focuses on. Have you ever wondered how crypto analysts make crypto predictions accurately? What enables them to do the market trend analysis is their skill and knowledge to understand and interpret crypto chart patterns. 1. Crypto Chart Patterns: …
In the volatile world of cryptocurrencies, some believe meme coins are the best way to make easy money. Today on August 9, 2024, an on-chain analytic firm Lookonchain shared a post on X (previously Twitter) revealing that five insider wallets have made over $4 million from a newly created meme coin. Meanwhile, another trader lost …
The post Stay Ahead in Crypto Trading: Harnessing the Power of Discipline appeared first on Coinpedia Fintech News
Cryptocurrency markets can be wildly unpredictable, catching many traders off guard. Ignoring this reality, traders often make impulsive decisions, leading to significant losses. To navigate the tumultuous waters of crypto trading safely, discipline is key. In this article, we delve into the crucial concept of trading discipline. By adhering to disciplined strategies, traders can mitigate …
The post The Psychology Behind Crypto Trading: An Simple Introduction appeared first on Coinpedia Fintech News
Many cryptocurrency traders overlook the role emotions play in trading. They believe learning about crypto trading psychology is unnecessary. Meanwhile, experienced traders emphasise its significance, as it distinguishes successful from unsuccessful traders. Undisputedly, to excel in crypto trading, one must comprehend trading psychology. This article offers a concise overview, highlighting key points. Let’s explore this …