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

We can see how again we don't have many changes compared to the past days. It keeps struggling to defend the key horizontal support but saving the downtrend channel support. Not looking good, but not looking bad either.

It continues ranging on a grey area. No reasons to panic but either to be optimistic for now. For me, this remains as a full "no trade zone" the risk/reward is not interesting for any position here. That's also the reason why the volume continues decreasing (combined with the usual summer behavior).

We are getting closer to the final squeeze, once BTC takes direction we will act accordingly. As always, to make money trading you don't need to predict the future, just wait for the signals and surf the trend.

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Meanwhile, the Bitcoin Dominance keeps pushing, holding the local uptrend support for 2 months, now squeezing against the key 47% resistance level. If manages to break over it, altcoins will take a further hit. Keep an eye here, not only on the price charts.

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Big Caps index

Checking into the Big Caps Index we can see how we had a breakout on the local wedge we were tracking but go straight rejected on the horizontal resistance (28,000 sats). Looking really weak. For now, I don't see reasons to look for entries.

The levels that could interest me: - A retest of the 25,000 sats support. - Consolidation over 28,000 sats.

The current sideways ranges have zero interest.

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Mid Caps index

Mid Caps Index also looking pretty weak here, the local wedge breakout was really light, and now is setting new local lows while breaching down the horizontal support at 4,700 sats.

Here we might be headed for a lower retest on the 4,300 sats support.

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Crypto Stats

Ethereum Settles Record $2.5 trillion in Transaction Value in Q2 2021

Ethereum settles a record $2.5 trillion in transactions in the second quarter of 2021 which is a record increase of 1500% compared with the same quarter of last year and a 65% increase in comparison with the last quarter.

This fast growth is mainly due to the decentralized finance (DeFi) boom in the current year and increased usage of USDT for trading and also due to the new ATH price attained by Ethereum in the last quarter.

Blockchain Venture Funding Boom

Funds raised by various venture capital companies for crypto and blockchain saw significant growth in the second quarter of 2021 with a more than 1300% increase in comparison with the same quarter of last year and even a 90% increase in comparison with the last quarter of 2021.

This significant increase in funding shows an increasing interest in the crypto and blockchain industry which will help the industry to make further growth.

Top Projects by TVL Growth in Last Week

Parrot Protocol: Parrot, a synthetic debt protocol built of the Solana network achieved the highest growth of 368% ($4.56m) in total value locked in the last week.

Mercurial Finance: Mercurial finance which is building DeFi's first dynamic vaults for stable assets on Solana achieved 249% ($17.8m) growth in total value locked in the last week.

Opium: Opium, a universal protocol that allows for creating, settling, and trading any decentralized derivative has achieved 188% ($2.33m) growth in total value locked in last week.

Top 10 coins mentioned on Twitter Last Week

BTC: Bitcoin is on the top of the list with more than 1.7 million mentions on Twitter last week while the price remained sideways.

CAKE: CAKE is again achieved 2nd place with more than 475k mentions on Twitter while it lost around 18% that it gained during the previous two weeks.

DOGE: Doge is again in the top 3 with more than 475k times mentioned on Twitter while its price dropped 28% further in the last week.

Skin in the game

Ways to Overcome Trading Performance Anxiety 

Have you ever been so anxious about your trading that it affected the performance of your trades? If this has happened to you, then you have experienced a classic case of stage fright or performance anxiety. Performance anxiety usually occurs when people scrutinize every single detail in an attempt for perfectionism and criticism.

Perfect trade doesn't exist 

Few people make the same mistake as traders who tend to be preoccupied with catching the best possible entry and exit points, maximizing their profits through position sizing, and never losing a trade. They end up being disappointed in themselves when they fail to meet these goals because of how much time was spent searching for that perfect trade setup. 

Trading isn’t about trying to predict where prices will go next - it's about finding profitable trades even if it's just slightly better than what you already had before so long as your account can afford any losses incurred from taking this new direction. 

Focus on the process, not the profits. 

This is the most important point of all. It's not about how much money you make, it's about what kind of trader you are and who you're trading for. 

The best way to ensure that profits will follow is by focusing on the process from beginning to end. 

You don't have to be perfect, but you should know how to answer the following questions at the end of each trading day: Did I execute my trades according to what's written in my trade plan? Did I cut losses when necessary and press for profits when there was an opportunity? Am I managing risk effectively through proper position sizing and stop-losses or other methods? If you can say yes confidently then you are on the right track. 

Increasing your risk slowly 

One of the causes for performance anxiety in forex trading is when traders decide to take bigger risks. This usually happens without any accompanying adjustments that would make it less stressful, which can lead to mistakes and unnecessary pressure on top of your usual setups. 

Get a life 

The market can be a whirlwind of emotions. It's easy to get frustrated when things don't go your way, so it’s important for traders and investors alike to take the time they need during their daily routine in order not overlook other things that may bring them joy or help keep themselves grounded. One thing you might want to consider doing is indulging in another hobby outside trading; sports are an excellent outlet for those looking for something new!

Have a nice day, see you soon!Rand