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 are back another Monday to surf the crypto markets! Taking a look into Bitcoin we can see how during the weekend tried to push above the local resistance range on the $35,500 after bouncing on the local uptrend support as pointed the last week.

But again this morning we are seeing how it's being unable to consolidate above resistance and it's getting rejected there, to again, test the local uptrend support. As long as this support holds we are fine.

During the next 2-3 days we will have some action as we get closer to the final squeeze confluence of the local uptrend against the horizontal resistance.

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Meanwhile, the Bitcoin Dominance confirms the drop and jumps back to the support range, positive news for altcoins as we commented last week.

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Big Caps index

Meanwhile, the Big Caps Index managed to breach up the local downtrend resistance and the key horizontal resistance, now looking to consolidate over it.

The pretty bullish first step, as we commented the last week I think altcoins continue looking pretty good and we will have great trading opportunities to come.

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Mid Caps index

The Mid Caps Index also playing out amazingly after the breakout on the major falling wedge we commented on last week.

Now consolidating also on the daily timeframes and pushing for another breakout.

It keeps looking really great to me.

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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 weight on the formula (chart) comes determined by their market cap share.

Crypto Stats

Canadian Bitcoin ETF Purpose buying more Bitcoin

The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. In their first month, they were holding 11k Bitcoin which increased to 19k in April. Later during the price drop in May their holdings dropped to 17.6k which now have again reached a new ATH of 21k in spite of more drop in Bitcoin price.

Top 10 gainers of the last week

In spite of having a bearish last week, some coins made nice gains.

LET: LinkEye, which is an independent solution of credit sharing alliance based on blockchain technology is in 1st place with a 145.8% gain in the last week.

AXS: Axie Infinity, a blockchain-based trading and battling game that is partially owned and operated by its players is in 2nd place with a 142.4% gain during the last week.

TITAN: Titan Coin, which describes itself as a digital currency that aims to enable instant and cross-border payments is in 3rd place with a 137.4% gain.

Top 10 projects by the TVL growth last week

Growth in the Total value locked of a coin defines its current market hype. In the last 1 week, several projects have gained significant growth in total value locked.

ENZYME: Enzyme, which empowers you to build and scale investment strategies of your choice has gained a 174% increase in their total value locked on the ETH blockchain.

VISOR: An NFT Smart Vaults for liquidity provisioning is in 2nd place with more than 76% of their total value locked on the Ethereum blockchain.

SWAPR: SWAPR, a significantly new coin reached $5.78 million in their total value locked on ETH blockchain after making an increase of 56.9% during last week.

Top 10 coins mentioned on Twitter in last week

BTC: Bitcoin is on the top of the list with almost 1.9 million mentions on Twitter last week after gaining more than 3% last week.

DOGE: Doge again had a nice hype last week after several tweets from Elon Musk and was mentioned more than 419k times on Twitter.

CAKE: Cake is still in 3rd place with more than 329k mentions on Twitter and gained around 10% in last week.

Skin in the game

Mental Toughness in Trading

When traders experience a loss, they often see their mental toughness slipping away and start making more mistakes. They may even lack the focus needed to stay in the game. But what happens if you keep your mind right? Mental strength is about staying focused on trading--even when things get tough or stressful outside of this activity! Trading is an arena where the impact of mental chatter can make or break your success. When traders make mistakes or suffer losses, the natural tendency is to go inside and begin to focus on what their mind says. This can happen automatically after a loss for example where you might hear your mind say something like "Another loss! It's the same old thing. I'll never be successful in trading." Pretty depressing right? How could they trade well when buying into such thoughts? Believing this mental chatter takes them out of the trading game. Here are a few of the tips to stay strong and mentally competitive while trading.

Know yourself

What minds don't know won’t hurt them.

Awareness is the key to cracking out of this downward spiral and returning back up, as long as you can catch yourself before it gets too late. Take a minute or two each day just to watch your thoughts- no judgments allowed! You may have an urge to dwell on something negative but push those feelings aside for now so that we can focus on what's important: awareness of our own mind. What are some things people often think about when they're in their heads? Well, usually there seems like one million different “to-dos" screaming at us from every direction while trying to find balance within ourselves and with others around us.

Focus on high-value actions

One of the most important things is to know what, how, and when to take action. These are called high-value actions (HVAs) because they have a large potential payoff for you as an investor, but need more commitment than low-value or riskier moves that could also be made at any time with no consequences if it doesn’t work out. HVA's include identifying sound trade setups and triggers which can help make your money grow without taking too many risks on lower value trades all the time.

Keep trading journal

The best way to develop mental toughness is by keeping a trading journal. This helps you identify the times in which your concentration shifts from the market and towards internal thoughts, feelings, or even other distractions surrounding you. Once these patterns are identified, create programs for yourself that target those tendencies head-on - developing mental toughness takes patience!

Adaptability

The world of trading is a high-stakes game where traders must have the ability to execute their strategies flawlessly in any market condition and know when it's best not to trade. If you can't adapt, you risk losing your entire account quickly thanks to some unforgiving periods we all experience from time to time.

Professional traders are really a lot like athletes when it comes to performance. They need mental training just as much and with trading psychologists, they can get the help that they deserve in less time than traditional methods take. Working with a psychologist has advantages such as making quick progress which means you'll be able to trade more effectively sooner!

Have a nice day, see you soon!Rand