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

BTC continues pushing its advance downwards after the main breakdown on the rising wedge we commented on last week. The $47,000 has been unable to hold as horizontal support too.

My scenario remains the same, mostly on USDT positions since last week and waiting for the scenario to settle down a little. So far I don't see reasons to think the drop is done yet and we might see a touch of $41,000.

Waiting patiently, no need to rush. As you have seen during the last few days, patience can save you a lot of money.

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Big Caps index

The Big Caps Index continues holding nicely after the last pushes on the last weekly. I would continue cautiously here anyway. This chart asks for some consolidation/correction

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Mid Caps index

The scenario is pretty similar but less parabolic. If we have a 4-6 weeks consolidation here over the 6,500 sats level it would be amazingly bullish for the overall crypto market. It's time to build strong support after the last waves. Otherwise, the structure will become more and more fragile.

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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

Tether Supply on Tron crossed Ethereum

Due to lower fees on Tron blockchain of Tether, it has gained more popularity and its supply has crossed the Tether supply on Ethereum for the first time, reaching an all-time high of $31 billion in the last week.

Stable Coins supply has skyrocketed in last year from $10 billion to $92 billion, out of which $59 billion belongs to Tether. USDC stablecoin is in 2nd place with more than $17 billion supply.

Coinbase became the #1 app on APP store in the US

Coinbase, which has recently listed on Nasdaq has made exponential growth of 208% in their revenue in the 1st quarter of 2021 in comparison with the last quarter has got ranked itself at #1 position on App store in the US.

Overall crypto market prices growth and user growth are some of the major reasons for the increase in the rank. On 16th April it reached the #2 spot and this month on 11th May reached the #1 spot.

New weekly Twitter followers of Binance exchange

Binance, one of the top centralized crypto exchanges has experienced all-time high followers on Twitter on the week ended 10th May 2021. Their average weekly Twitter followers for the last 10 weeks were 121k but for the week ended 10th May had 375k followers; a 200% increase.

According to similarweb, Binance weekly website visits are also more than 27 million while the exchange ranked in 2nd place has only 3.5 million weekly visits.

ATH Average ROI of IDO by Platforms in USD

KickPad: KickPad is relatively a new IDO platform but has the highest average ROI of IDO's launched on their platform. Polylastic (POLX) had the highest 234.2x ATH ROI among IDO launched on KickPad.

BSCPad: BSCPad is in 2nd place with an average ATH ROI of more than 6000%. Among the 16 IDO launched on their platform AIOZ Network achieved the highest 184x ATH ROI in USD.

Polkastarter: The most famous IDO platform polkastarter is in 3rd place. Till now 51 one the highest number of IDOs are launched on their platform while SuperFarm achieved the highest 189x ATH ROI in USD.

Skin in the game

Important factors to stay focused in trading

Focus is essential for profitable trading. The more you focus, the more you feel you are in control. And when you feel your body and mind are in synchrony with the markets, you'll trade profitably. Most new traders underestimate the amount of focus required during active trading. You should see your trading account no different than a business investment. The sooner you realize that it requires the same, if not more focus than a business, the sooner you can expect to see a positive gain from it.

If you are one of the traders struggling to stay focused, then you should continue reading the different ways a trader should adapt to stay focused.

Exercise

Exercise is more important for a trader than most think of it. An active body can bring you an active mind. The single most important thing a trader has to deal with is stress and exercise can help you in stress and anxiety management. Back and neck pain are also one of the top issues a trader has to deal with and exercise can help in keeping you strong to stay competitive in your trading. It helps in stabilizing your emotions, heals and soothes the nervous system, and keeps you active at the same time.

Better sleep

For a trader, a relaxed mind is the most important thing, otherwise, you might not be able to make the right decisions in your trading routine. An 8-hour sleep is required to make your mind relaxed and fresh for the next trading day. It also helps to reduce arthritis pains which will ultimately help you to concentrate on your trading more effectively. Also, proper sleep is very critical as it achieves many body and brain maintenance functions that cannot be done while you are awake.

Healthy diet

A healthy diet is also one of the most important factors that affect your body and your mental performance as well. You can not stay competitive by taking sugar and caffeine as it will only put you in an inefficient spiral of ups and downs. Junk food will only help increase your weight and research shows that people having extra weight decreases their ability to analyze things better. Drink lots of water and make a proper healthy diet plan for you and follow it religiously.

Get to know the markets better

It is ironic to note that the word speculator is often made to a day trader. Yet, the markets themselves are speculative. At the end of the day, although the fundamentals drive the markets, it is the traders or speculators such as yourself that drive the markets. Thus, getting to know not just the fundamentals but also what other speculators are thinking can give the trader great insights and helps to stay focused.

Reduce distractions

There are lots of personal, social, and professional life distractions a person has to deal with, and being a trader you can not keep yourself focused on your trading with all these distractions. So what you need to do is try to reduce all those distractions, prioritize your routine, and train yourself to enter a mindset that should increase the efficiency of your mind and help in processing the available information more effectively to stay competitive in your trading routine.

In conclusion, remember that just as a trading strategy and money management is important for trading, you also need to have the right mindset to stay focused. Trading is mostly a psychological game and a game of speculation. The best way you can be successful is to stay focused while trading.

Have a nice day, see you soon!Rand