Good morning/evening/night guys. As every Monday, find here your weekly dose on market analysis, the most relevant industry stats, and our best tips to profit from this exciting market while learning from it!

Bitcoin

As usual, there wasn't much movement on the market during these two days. But Monday it's starting nicely with a new breakout attempt over the $58,000 horizontal resistance range. As commented, really important level.

After the breakout of the main falling wedge, a consolidation over $58,000 confirms a bullish continuation.

Unfolding with top precision. And continue rolling with the same strategy, holding my Bitcoin positions as I don't see a single reason to sell. But not really interested in trading these BTC moves. My interest remains in altcoins.

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If we check the Bitcoin Dominance rate we can see how it continues the drop as commented pushing for new lower lows. The next level I'm targeting is 47%. Let's see from there.

But this scenario fits perfectly with the altcoins current setup, and I wouldn't be surprised if we see Bitcoin losing even more dominance during the next weeks and even testing the 40%

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Big Caps index

Meanwhile, the Big Caps Index keeps flowing amazingly along with the BTC recovery. Reaching a key range here on the 25,000 sats. Consolidation over this level would be absolutely bullish. But I would prefer a longer consolidation here under the key resistance to solidify the level in advance.

It's been a sharp and fast move during the last 2 weeks, and as always, consolidation is needed in order to generate supports on the setup structure.

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Mid Caps index

Now taking a look into the Mid Caps Index we can see how great is looking. Already pushing for the breakout over the 4,700 sats which is the last heavy resistance. We are setting levels not seen for two years already. Consolidation over 4,700 would confirm the full reversal here on all the timeframes.

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The Mid Caps Index is a custom index of altcoins I've made where I aggregated ADA, VET, ICX, NANO, WAVES, BAT, ZRX, ONT, ZIL...etc, and their weight on the formula (chart) comes determined by their market cap share.

Crypto Stats

Ethereum Miner Revenue Skyrocketed

Ethereum network is experiencing exponential growth lately due to Decentralized Finance (DeFi) boom in last year.

The price of Ethereum increased by 33X in the last year which has skyrocketed the Ethereum miners revenue from $73 million in April-20 to $1,650 million in April-21.

A major increase happened in the current year with year-to-date growth of $1,278.

BTC vs Traditional Assets 10-Years compounded annual growth rates (CAGR)

Bitcoin's 10- Years compounded annual growth rate (CAGR) is 165% currently comparing with other major assets of the traditional markets where Tesla is in 2nd place with 64% CAGR.

These CAGR numbers solidify Bitcoin's status as the best performing financial asset in history and will keep attracting new investors in this disruptive innovation of this century.

Crypto industry-dominating worlds' financial service market

The Crypto industry is dominating the world's financial services industry with Bitcoin already at the top in terms of the market capitalization of The world's largest financial service which Ethereum now jumped to 5th place, leaving Paypal behind with a current market capitalization of $336 billion.

Ethereum will soon be taking the Mastercard market cap which is currently standing at 4th place with a $386 billion market cap.

MetaMask active users on the rise

Metamask, an industry leader is seeing exponential growth in the last year from 0.25 million monthly active users in Apr-20 to 5 million active users in Apr-21.

In the last six months alone, MetaMask active users have grown 5x. This fast growth mainly attributed to the Bitcoin and Eth price growth, fast-growing Decentralized Finance (DeFi) industry, and more use of decentralized exchanges.

Skin in the game

Are you taking advantage of this Pandemic to become a better trader?

Once John F. Kenedy said: "When written in Chinese, the word 'crisis' is composed of two characters. One represents danger and the other represents opportunity." So in the current critical situation, it's up to you if you are going to take it as a matter of stress or opportunity. The ones that will take it as an opportunity, will try to improve themselves by learning new things or would be looking to do things that they would never have done in a normal situation.

Trading is considered a full-time job but a survey revealed that 78% of the people take it as a part-time thing. So it's a great opportunity for these people, as they have more time during this lockdown to not only review and redefine their trading strategies but also to try to improve their lifestyle which will ultimately improve their trading performance. So I would like to suggest a few things to you that will help you emerge as a much better version of yourself after this pandemic.

1. Improve market understanding

Part-time traders usually have less time to study the market. But now as you get more time you should try to improve market knowledge by digging deep into it. The more you learn about the market the more you will be comfortable in your trading profession. Figure out how the market impacts and adapt accordingly.

2. Try some new tools

There are several charting tools with lots of indicators and scripts. Try some new charting tools and explore the options in them. It will give some new dimensions and information about the technical analysis of the assets you usually trade and will allow you to build new trading strategies using them.

3. Collaborate with your trading friends

As everyone has ample time these days and is looking to be social while staying at home. So make a group of your trading friends and collaborate with them online using skype or zoom by sharing trading ideas and discuss with each other how they trade, what setup they choose to trade, how they plan their trade. Pick the good things from everyone and build a better trading strategy. It will not only help you in your trading but will also make you stay social with people while staying at home.

4. Improve your fitness

A healthy mind and body put a positive impact on your decision-making. As these days you have ample time so you should not only focus on your diet but also start some workouts to improve your fitness level. A healthy and fresh mind always helps in taking better decisions while trading which will help in improving your trading performance.

5. Make your relationships stronger

Due to lockdown, you can give more time to your loved ones. So instead of getting tense about the pandemic situation, you should collaborate more with your wife, your children, parents, and friends even on the phone. Plan a BBQ party at home for your family or watch a movie together. These are small things but gives you great comfort of mind which helps you to focus more on your trading business.

6. Help the needy people

Due to this pandemic, there are several individuals who have lost their jobs and it's making it difficult for them to feed their families. You should look around and help the one who is in need. It doesn't have any direct relation with trading but it will give you great peace of mind that will help you take some awesome decisions and find some great trading strategies for you.

Have a nice day, see you soon!Rand