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

Interesting weekend for Bitcoin, which attempted to consolidate over the key $41,000 range we were tracking, but finally got heavily rejected there.

Now retesting again the $39,000 local support. From here, the key would be to hold this level so we still print a new higher low. And keep with it the chances to beat the $41,000 resistance. Even with that, I still think that a longer period of consolidation before the breakout would be even better.

The current support is ok but not really strong, so my strategy remains the same:

a) If we revisit the $37,000 - $36,500 support I will be looking to add positions there.

b) If we have a proper consolidation over the $41,000 level I will be looking to add positions there too.

But for now, we are just ranging on a gray range, really close to resistance, so I don't see good risk/reward to trade Bitcoin for now and I will continue focused on Altcoins for now.

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Following with altcoins, this chart is crystal clear. The Bitcoin Dominance had a terrible weekly close. With a full bearish hammer straight on the most relevant resistance, confluence with the local uptrend supports too.

The outcome of these candles tends to be a full bearish correction during the next weeks (given the timeframe). If the breakdown of the local uptrend support is confirmed during the next days, this would unfold a full bullish reversal for altcoins. One of the most relevant charts to mind right now.

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Big Caps index

As always, the Big Caps Index will lead the way on the Altcoins side. And as you can see here, after the breakout during this weekend, now, they are scratching the breakout over a really important horizontal resistance here.

If finally manages to break and consolidate it will enable the mid-term bullish reversal:

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Mid Caps index

Meanwhile, the Mid Caps Index is starting the recovery after setting a double bottom on the 4,000 sats support. Squeezing into the main downtrend channel.

If breaks the channel and the local horizontal resistance will look great for a short-term reversal. The most interesting level to beat would be the 4,700 sats resistance, which would enable the mid-term bullish reversal.

Tracking closely. It's been 3 months of a continued downtrend, but the bleed is losing steam. As commented last week, is time to start tracking closely and planting seeds here:

(click here for full image resolution)

Crypto Stats

Binance Smart Chain transactions reached new ATH

Binance Smart Chain has reached a new ATH of 13.17 million transactions in a single day.

The last ATH was 12.6 million transactions in May-21. BSC has achieved more than 4000% growth from the start of the year.

This 13.17 million transactions on BSC is 10 times higher than Ethereum While 2.14 times higher than Polygon network transactions.

Top 10 Gainers of 2021

BAKE: Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem is the highest gainer in 2021 (12489%) with a market cap of $313.2 million currently

TEL: Telcoin (TEL), the native medium of exchange, reserve asset, and protocol token of the Telcoin user-owned, the decentralized financial platform gained more than 10000% with a market cap of $1.07 billion

AXS: Axie Infinity, a blockchain-based trading and battling game that is partially owned and operated by its players is in 3rd place with a gain of 7714% in 2021.

Top 10 gainers among play to earn projects in last 30 days

Earn to Play projects are making significant gains lately. The top 3 is as follow:

SKILL: CryptoBlades (SKILL), an NFT Crafting game on the Binance Smart Chain where players can defeat enemies with powerful weapons to earn SKILL tokens is in 1st place with a gain of 10590% in July 2021

DND: DungeonSwap is a decentralized table-top RPG style web game on the Binance Smart Chain with yield farming features and NFTs is in 2nd place with a gain of 4188% in July 2021

ITAM: ITAM Games, a blockchain mobile gaming platform built on top of the EOS.IO protocol has achieved 2340% in July 2021

Top 10 coins mentioned on Twitter in July 2021

BTC: Bitcoin is on the top of the list with more than 8.06 million mentions on Twitter last week while its price bounced from 35k to 42.6k.

DOGE: Doge is in 2nd place with more than 2 million times mentioned on Twitter while it gained more than 20% in the last week.

CAKE: Pancakeswap has achieved 3rd place with more than 1.9m mentions on Twitter while it gained around 20% last week.

Skin in the game

Setting Trading Goals

Many traders involve me in their periodic performance reviews where we discuss what went wrong during this period and how they could have improved upon themselves next time around. This process has allowed me to see firsthand just how beneficial goal-setting can be when one wants to find success at trading markets - it needs continual attention otherwise people will lose focus because life happens with all its ups and downs.

1. Too many goals

Setting too many goals can make traders lose motivation. They find it difficult to prioritize which ones they want, and as a result, feel like they are never achieving anything at all. Goals should change our lives for the better; not just be something we put off because there is always "something else" on the horizon.

The key here is focusing first on improvements that matter most while avoiding feeling discouraged by those objectives which seem out-of-reach at this point: make small steps towards your goal rather than large strides away from where you currently stand today!

2. Vague Goals

Setting vague goals is like entering a marathon with no finish line. You can only cross the finish line if you know where it's at, and that takes planning ahead of time to reach your goal. Vague goals are only good intentions, and it's unlikely they motivate or shape your trading behavior. My experience shows me when traders have specific goals their follow-through rate increases greatly.

3. Meaningful goals

There's nothing more satisfying than the feeling of accomplishing a goal that was once unimaginable. When it comes to setting goals, we all want our achievements to be meaningful and worth fighting for. This is what separates us from being just an average person living day-to-day life. It can seem like a daunting task when you're staring at those blank pages on your computer screen with one million different possibilities swirling in your head but take some time out of each week or month to think about which path appeals most to you as well as what motivates you enough so that achieving these goals doesn't feel impossible anymore!

4. Goals should be exciting

Many people have goals that don't excite them. The best kind of goal is one where you can see the result and it inspires you to take action now to get there. We want our goals to challenge us, bring out the best from within ourselves, make sure we're constantly growing as individuals so that when we accomplish those things which seemed impossible before - like running a marathon or conquering Mount Everest - they really mean something because every part of your being has been invested into getting there!

Our moods and energy levels shape our perceptions, just as they are shaped by them. This is the reason that being overloaded with too many goals can cause us to lose passion for markets and trading.

Have a nice day, see you soon!Rand