How Bitcoin Can Alter Our Psychology
Money is a powerful drug; it is psychologically stimulating. It motivates and invigorates people. But it also stresses them out. It can be the cause of great joy or great woe. It is pervasive. Yet it is also resides underground, within the undulating ocean of the unconscious, to be left unappreciated or unacknowledged. Money is hated and condemned, and....
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Psychology and selling pressures have kept bitcoin's price below $20,000.
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Unlike Bitcoin that has yet to set a higher high in 2020 over the previous year’s peak, Ethereum’s higher high is a very important sign that a new uptrend is brewing in the crypto market. In fact, a crypto analyst has superimposed the well-known “psychology of a market cycle” chart over ETHUSD price action from […]
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Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning out of Europe, and time to take our first look of the day at the bitcoin price. We noted yesterday that tight, scalp breakout trades had been working pretty well for us over the last few days, and that a continuation of this strategy might be our best bet going forward. As such, for last night’s session, we defined a pretty tight range and went at action with some solid risk definitions. Action has now matured overnight, and we’ve got to alter our approach slightly in ahead of today’s open.....