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

Attending to the BTC chart, as we have been commenting during the previous week, after the bounce on the key support we were tracking the bull flag channel as the main pattern to mind.

An just like that, this morning we are getting the first breakout signal, which leads to a bullish reversal continuation. In case of confirmation breaching the $58,000 level too, I think we can see a new ATH.

I continue holding all the BTC positions and continue accumulating on a weekly basis as disclosed several times. Not really interested in trading it for now still. To sum up: bullish.

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Big Caps index

Now checking into the Big Caps Index we can see how it's struggling lately, missed the last horizontal support and it's playing with fire here.

I've re-adjusted the key support attending the lows from the previous huge correction and my focus is on the 13,700 sats support confluence with the local downtrend resistance.

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Mid Caps index

Attending to the Mid Caps Index we can see how great performed the falling wedge we were tracking the last week, starting a new local uptrend support which now squeezing against the main horizontal resistance of the yearly chart on the 3,200 sats.

The breakout and consolidation over that range are what would ignite the bullish reversal. Tracking closely here waiting for the signal.

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Crypto Stats

Grayscale Holdings Over Supplies

• BTC: Grayscale is holding now 3.6% of the total Bitcoin supply which is the highest for any company in the world.

• ETC: Interestingly Grayscale is holding more than 10% of the total supply of Ethereum Classic coin which has not made good returns in the last couple of years.

• ZEN:Horizen is an interoperable blockchain system, supported by a decentralized node infrastructure, is in 2nd place with a 5.85% supply held by Grayscale.

Biggest ETH Token

• USDT:Tether has become one of the biggest tokens traded with hundreds of other token pairs is in 1st place with a market cap of more than $22 billion. Among all cryptocurrencies, it is ranked in 4th place in terms of market cap.

• UNI:UNI a native token of Uniswap DEX is in 2nd place with a market cap of around $14 billion. UNI token has gained more than 700% year to date.

• THETA:Theta has proved itself one of the strong coins is in 3rd place with a market cap of more than $12.5 billion. THETA has gained more than 850% since the start of 2021.

Duckstarter IDO Performance

• DOWS:DOWS the native token of shodows network where synthetic assets can be issued is in 1st place with an ATH ROI of 34.7x.

• PKF:PolkaFoundry, a platform for building DeFi dapps for the Polkadot ecosystem is in 2nd place with an ATH ROI of 29.1x

• AAPX:Ampnet, where you can build an investment & tokenization platform in minutes is in 3rd place with an ATH ROI of 13.5x.

Recent Startups Fundraisings

• Blockchain.com:Cryptocurrency wallet provider Blockchain.com has raised $300 million in a Series C funding round led by venture capital companies DST Global, Lightspeed Venture, and VY Capital. It comes just over a month after the firm raised $120 million.

• Starkware:An Israeli startup Starkware, which provides solutions for enlarging blockchain capacity has secured a $75 million financings round with the help of Paradigm, Sequoia, DCVC, Pantera, and others. It is pertinent to note that Ethereum Founder Vitalik Buterin has previously invested in the company.

• Beyond Finance: Beyond Finance, a decentralized platform for creating and trading synthetic financial products has raised $7.5 million with the help of leading blockchain funds, including Moonwhale Ventures, a195, DuckDAO, Cryptomeria Capital, Blocksync, X21 Digital, and more.

Skin in the game

Factors affecting our ability to read the market

At the end of a trading day, you might have looked back and wondered how you could have missed the opportunities presented by the market or you would have done better in managing your trades. Some patterns were so clear but you still could not read them or ignored them because of some biases or you were not in the right mindset to process the new information provided by the market.

Here are a few elements that can weaken our ability to read markets in real-time:

• LazinessBeing a trader you have to be very active in watching charts or reading the related news. But sometimes you become so lenient in trading that you start ignoring the important market information due to few profitable trades or for other reasons. This can be very harmful to your trading business and can cause huge losses. Be active and take trading as a real business.

• StressStress about our finances, relationships, and other areas of life can badly impact our trading performance due to a lack of concentration on our trading business. It's always good to sort out our stress-related issues first and then look for trading. Also, don't try to become rich overnight to resolve your finance-related issues as it may result in overtrading and taking wrong decisions in trading.

• FatigueFatigue can result from excessive work, lack of sleep or poor sleep, lack of exercise, poor nutrition, and draining of concentration during extended focus. So make sure to have a proper routine of sleeping, eating, and working to be able to fully concentrate on your trading business with a fresh mind and body.

• Cognitive InflexibilityWe sometimes get ourselves locked into a particular view that we stop looking for new or different information that may have an impact on your trade. Like you might not look at multiple time frame charts or don't look for market information from all perspectives that may ultimately affect your trading performance. Be open to scan all the available information before getting into any trade.

You need to do a proper audit of your daily routine to know the things that add to your energy or cause stress/fatigue. After knowing this you can readjust your daily routine and try to concentrate more on things that give you energy. Proper diet and daily workout are some of the most important factors that can contribute positively to make your daily routine.

A great deal of trading skill comes from pattern recognition and openness to signals. Many traders try to read markets while engaging in routines that effectively shut their eyes. I strongly suspect there is a great deal we can do to turn our minds and bodies into ever-better signal processors. This form of market preparation may be every bit as important as what we do to generate ideas and trades.

Have a nice day, see you soon!Rand