Digital_Maiva

After experiencing a winning streak in trading, it's essential to maintain discipline and avoid certain common pitfalls that can lead to significant losses. Here are some things you should NOT do after a winning streak in trading:

Overconfidence: Winning streaks can lead to overconfidence, which might make you take on more significant risks than you can handle. Avoid becoming complacent and assuming that the winning streak will continue indefinitely.

Abandoning Your Trading Plan: Stick to your trading plan and strategy. A winning streak can tempt you to deviate from your plan, leading to impulsive and emotional decisions that may prove costly in the long run.

Chasing Unrealistic Returns: Winning streaks can set unrealistic expectations. Don't start chasing overly ambitious returns, as this might lead you to take on excessive risks or make ill-advised trades.

Ignoring Risk Management: Proper risk management is crucial in trading. After a winning streak, don't neglect the importance of setting stop-loss orders and managing your position sizes to protect your capital.

Revenge Trading: If you encounter a loss after a winning streak, don't fall into the trap of revenge trading. Trying to recoup losses quickly and impulsively can lead to more significant losses.

Neglecting Research and Analysis: Just because you've been successful in recent trades doesn't mean you can stop doing your research and analysis. Stay informed about the markets and continue learning.

Overtrading: Winning streaks can make you feel invincible, causing you to overtrade or make trades outside your strategy. Avoid excessive trading, as it can increase transaction costs and reduce overall profitability.

Failing to Take Profits: It's tempting to let winning trades run indefinitely during a winning streak. However, markets can be unpredictable, and profits can vanish quickly. Don't forget to take profits when your targets are met.

Neglecting Emotional and Mental Well-being: Trading can be emotionally taxing, especially after a winning streak when you might feel on top of the world. Take time to rest, manage stress, and maintain a healthy work-life balance.

Not Reviewing Your Performance: After a winning streak, it's easy to get caught up in the excitement and not review your trades critically. Analyze your trading performance, identify areas for improvement, and learn from any mistakes made.

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اكتسب تداول العملات المشفرة شعبية هائلة في السنوات الأخيرة، مما جذب المستثمرين المتمرسين والوافدين الجدد إلى عالم الأصول الرقمية المتقلب. على الرغم من وجود إمكانية تحقيق أرباح كبيرة، فمن الضروري مواجهة الحقائق القاسية التي تصاحب تداول العملات المشفرة.التقلب الشديد:تشتهر العملات المشفرة بتقلب أسعارها، حيث تشهد تقلبات كبيرة خلال أطر زمنية قصيرة. تشكل عدم القدرة على التنبؤ خطرًا كبيرًا، حيث يمكن أن تتحول المكاسب بسرعة إلى خسائر، مما يختبر أعصاب حتى أكثر المتداولين خبرة.

أنتج سعر TRX ارتفاعًا هائلاً بنسبة 17٪ في ثلاثة أيام، بدءًا من 21 يوليو. ولكن تم التراجع عن هذا الاتجاه الصعودي المثير للإعجاب، مما أدى إلى عودة لمدة ثلاثة أيام بنسبة 3.27٪ فقط. وسرعان ما ترافقت عمليات البيع هذه مع المزيد من الدببة، مما أدى إلى ارتداد إجمالي بنسبة 18٪ في آخر 17 يومًا.

يعد تشكيل منطقة الكسارة الهبوطية، التي تمتد من 0.08041 دولار إلى 0.07613 دولار، منطقة رئيسية يجب مراقبتها. الكسارة هي في الأساس منطقة طلب أو عرض فاشلة. بالنسبة للكسر الهبوطي، يتم اختراق منطقة الطلب الرئيسية بين قمتين مرتفعتين إلى الجانب السلبي.

Market picture

The crypto market cap fell 1.6% in 24 hours to $1.166 trillion. Risk assets in traditional markets came under pressure as the accumulated overheating in equities (especially in techs) accompanied a trigger – Fitch’s cut of the US rating.

The initial flight of speculators into Bitcoin proved to be short-lived. Bitcoin closed Wednesday down 0.5%, losing over 3.1% from its peak at the start of the day, and failed to get back above the 50-day average. This is another bearish signal in addition to the sequence of downward daily candles. So far, Bitcoin has managed to avoid accelerating the sell-off, but it looks like it's only a matter of time before it does.

On Wednesday, the Litecoin (LTC) network saw its third halving. The reward per block was reduced to 6.25 LTC. So far, 87.5% of the total LTC supply has been mined. The altcoin reacted with a decline and hit new month lows at around $86. This drop sent the coin below the 50 and 200-day averages, raising the question of a long-term trend change and opening the way down to $77-80.

News background

Trading activity in the Bitcoin spot market has weakened to its lowest since November 2020, Santiment noted. Major players have so far refrained from entering exchanges, and this trend may continue in August.

MicroStrategy founder Michael Saylor said the company had bought an additional 467 BTC worth $14.4 million in July. As of 31 July, MicroStrategy owns 152,800 BTC worth approximately $4.53 billion at $29,672.

BlackRock's filing to launch a bitcoin ETF is part of an "adoption cycle" that will allow the first cryptocurrency to hit record highs, Galaxy Digital CEO Mike Novogratz said. The head of BlackRock believed in Bitcoin, he said, and that's the most important thing that has happened in the crypto market this year.

The chances of the US Securities and Exchange Commission (SEC) approving a bitcoin-ETF application have risen to 65 per cent, Bloomberg analyst James Seyffarth said. Two weeks earlier, he estimated this probability at 50%; a few months ago – at 1%.

#BTC

Litecoin is experiencing a boom in network fundamentals ahead of its halving event, which is less than 24 hours away.

The mining community's sentiment is measured by two indicators: hashrate and difficulty. Since the start of 2023, the LTC hashrate has been steadily increasing. According to a Litecoin Foundation post, the LTC hashrate is currently 869.9 TH/s, with a difficulty of 25.64 million.

This hashrate increase shows that more miners are joining the LTC community, making the network safer and more reliable.

The forthcoming Litecoin halving, scheduled for Aug. 2, 2023, would reduce block rewards for Litecoin miners from 12.5 LTC to 6.25 LTC. The halving of Litecoin is expected to take place on Aug. 2, 2023, at 6:50 p.m. UTC. There are less than 1,000 blocks left until the event, according to a post by the Litecoin Twitter account.

However, minor timing differences may occur because the halving event is dependent on a certain block height rather than a preset duration.

Every four years, or every 840,000 blocks, the Litecoin halving process cuts mining rewards for transaction validation by 50%. This process will continue until there are no more LTC coins to mine, which is expected to be around the year 2142.Litecoin holders load up, social engagement jumps

According to a recent tweet by Santiment, key traders owning between $9,500 and $950,000 worth of LTC are rapidly accumulating as Litecoin's highly anticipated halving event approaches. Traders see this as a bullish event, as they do with most coin halvings.

Per Santiment, Litecoin mid-tier holders are stockpiling for the halving event, with dolphin and shark wallets amassing 205,400 Litecoin since June 14.

LunarCrush, a social analytics service, said on July 30 that Litecoin had a significant social engagement surge, reaching 2.16 million social engagements within one hour, indicating the depth of activity surrounding social posts.

According to LunarCrush, Litecoin social engagement is continuing to rise, indicating increasing community activity and participation in social posts.

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#Litecoin #litecoinhalving

يتصاعد استخدام العملات المشفرة بسرعة في إسبانيا وحول العالم. عند إجراء الدفعات، يختار العديد من الإسبان العملات المشفرة كوسيلة رئيسية للدفع. أجرت شركة Bitnovo بحثًا لفهم كيفية تطور النظام البيئي للعملات المشفرة في البلاد.

وأظهر التحقيق أن 71.4% يقومون بالدفع عن طريق بطاقات الائتمان أو الخصم، و50% عن طريق العملات المشفرة، و39.3% عن طريق Bizum، و35.7% عن طريق التحويلات المصرفية.

وضع العملات المشفرة كطريقة الدفع الثانية الأكثر استخدامًا من قبل الإسبان في البلاد.