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

On the small timeframes, we can see how even after the correction it managed to keep the bullish structure respecting both the wedge support and the horizontal range support on the $32,800. Looks like finding local bottom here and it keeps looking nice to further bullish consolidation.

Big Caps index

Meanwhile, Big Caps Index of Altcoins is correcting a little here but continues to hold the 17,000 sats horizontal support after the breakout. Consolidation here enables the bullish continuation

Again here if we switch to the weekly perspective we can truly appreciate the potential of a bullish reversal.In this case the index it's already attempting to leave the main sideways range ongoing since 2019.

Mid Caps index

Continue to hold the key horizontal support and continues the squeeze into the main downtrend channel.Getting closer and closer to the breakout range. As said during the last week too. We are up to great times with altcoins. Really bullish:

If we switch to the weekly perspective we can really appreciate the potential it could have the breakout of the downtrend channel.It's sometimes good to zoom out so we can position the move with a macro perspective. A breakout over 2,500 sats and consolidation would enable the reversal:

Crypto Stats

Project Staked Values

• DOT: Polkadot has more than 59.60% value staked equal to 9.84 billion USD. Its staking reward is 13.84% currently.

• ADA: Cardano is in second place with 7.17 billion USD staked with a current staking reward of 4.25%.

• AVAX: Avalanche have 69.39% value staked equal to 2.96 billion USD with a staking reward of 10.89% APY.

Altcoins Outperforming Bitcoin

• CRV: Curve finance, a decentralized exchange liquidity pool on ETH network is on the top with more than 400% gain in January.

• UNI: Uniswap which is a fully decentralized on-chain protocol for a token exchange on ETH and top DEX is in second place with more than 345% gain in January.

• IOST: IOStoken an ultra-fast decentralized blockchain network based on Proof of Believability (PoB) is in 3rd place with more than 300% gain in January.

Raising Funds for Crypto

• TERRA: Terra which has gained huge Hype recently has raised 15 million USD with the help of big venture capital companies like Galaxy Digital, Coinbase Ventures, and Pantera Capital.

• DYDX: Dydx a non-custodial trading platform has raised 10 million USD with the help of Polychain Capital, Andreessen Horowitz, and four other venture capital companies.

• BOSON: Boson protocol, a project that is using smart contracts to power real-world commerce has raised an additional $3 million dollars in investment for project development.

Non-Fungible Tokens Market Caps

• ENJ: Enjin Coin which is a social gaming platform through which users can create websites and clans, chat, and host virtual item stores are in 1st place with a 337 million USD market cap in the non-fungible tokens category.

• MANA: Decentraland, which is a virtual reality platform powered by the Ethereum blockchain has its token market cap placed in second place in non-fungible tokens.

• UOS: UOS another non-fungible token that describes itself as a blockchain-based, PC game distribution platform is in 3rd place with an 89 million market cap.

Skin in the game

Are you addicted to trading?

A trader wants to become successful at all costs and for that, he might be spending long hours on trading. But there is a fine line between working hard and feeding an addiction. Crossing that line might make you a gambler from a trader which can lead to huge losses.

How to identify trading addiction?

You need to identify the problem and It can be difficult to identify for someone if he or she is addicted to trading or not. Here are some questions that you need to ask yourself to identify the situation.

• Have there been times when you did not want to trade but you still place the trade?

• Have you found yourself indulged in trading with too large positions?

• Have you found yourself placing random trades without following any plan?

• Have you been using high leverage due to the greed of making fast returns?

• Have you found yourself trying to trade when nothing is happening in the market?

• Are you personalizing losses and trying to recover fast?

• Has your trading routine caused problems in your relationship(s)?

• Have people close to you asked you to stop trading?

• Is the pain of losing higher than the satisfaction from winning the trades?

• Do you find yourself highly indulged in trading for long hours which is affecting your social life?

These are the types of questions that a psychologist might ask you if you are trying to decrease your drinking habit by replacing the “trading” word with drinking in the above questions. If the answer to more than three questions is yes then I want to tell you that trading has become a problem for you and in some cases, it might turn from a trading addition to a trading trauma.

How to get rid of trading addiction?

Now you already know that you got a problem so the next step is to get rid of this addiction. Trading addiction is as strong as drinking addiction. You might develop it easily but you will require a lot of effort to get rid of it. You might try to leave it by your willpower but if your willpower is that much stronger you might have not developed it even. It can be far easy to get rid of this addiction after consultation with some seasoned trader by following his advice properly.

Setting trading goals, planning your trades, and being a disciplined trader are the major qualities of a successful trader and the same can be used to avoid overtrading as well. Forgetting the past losses is also very important in making a fresh start. You should know whether your trading goal is to become financially independent or to be your own boss or to earn money while traveling.

There can be several other goals that you need to write down to know what you are looking for. Then planning is the fundamental part of trading. Develop the plan and make adjustments in that plan as the market changes but trading without planning is suicide. Discipline comes into play while executing the plan. If you are not disciplined enough you will not follow the plan and will end up making losses. Planning a trade and trading a plan is all you need to get out of trading addiction and trauma.

Have a nice day, see you soon!Rand