As a former professional poker player, I'm very clear about the importance of psychology in investing/trading.

You can have a very solid strategy, but if the mental aspect fails, everything fails, no matter how good you are.

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In this thread I will briefly describe the most important aspects of trading psychology, and give some simple tips to try to improve them.

It's good to always be aware of these aspects, to be able to detect them and act in time.

1) FEAR

This is one of the most important. It can make you get out of a position at the wrong time.

One of the main reasons you can have fear is because you are putting more at risk than you are willing to lose.

Tip: reduce the size of your position until you are comfortable.

2) GREED

Greed can be even worse than fear. It leads you to be overpositioned and to destroy your average entry.

Tip: learn to conform to what you have. Practice gratitude for everything that comes your way. Remember that the most important thing is to stay in the game.

3) TILT

This is well known in poker. There are many reasons why tilt can appear (downswings, injustice, mistakes...)

Tilt takes you away from your perfect strategy. From your A game.

After a losing streak you may think that the market is being unfair to you.

Long-term thoughts about the #crypto market

Get ready to get into a VERY long thread, full of charts.

Popcorns ready? Let's start!

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In this thread I will try to put together most of the reasons that make me think that we are not yet close to a top in the market, but rather that there is still the best part...

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First of all, let's talk about #Bitcoin. Bitcoin is still the king, although it is losing dominance lately due to the altseason.

In my opinion, it still has a lot of room to rise in terms of price (not so much in terms of time)

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1) Bitcoin Investor Tool

As you can see, this indicator marks the cycle tops very well. However, these do not happen when it crosses the red average, but after a parabolic movement above it. At the moment it is not even above this MA.

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2) 200W MA Heatmap

No red dots yet visible. I'd say we're halfway. An analysis cannot be based on a single indicator, but it all adds up.

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