Key Points / Crypto Market Psychology
-
Market psychology is a term that describes the prevailing tendencies on a given market.
-
Market psychology is effectively an aggregate of trading decisions made by individual traders.
-
Tools for Crypto Market Psychology: #cryptowatch
Market Psychology vs Trading Psychology
Trading psychology and market psychology are two different, but related terms.
Read the ATNET Glossary on Trading Psychology with book recommendations.
As a trader, your individual mindset and decision making process contributed to the existence of the market and in one way or another becomes an influence of the market psychology.
- You may be in agreement with the prevailing market tendency, act on it and make this tendency even stronger.
- You may be in disagreement with the aggregate market tendency, act on it and in this way create the opposite side of the book that is required for the market to exist.
An indepth look at Crypto Market Psychology is here.
More on Crypto Market Psychology
Top 10 Things to Know Before You Buy Bitcoin - Where can you buy small fractions of Bitcoin? Will the fees be high? Do you need to deal with complicated hardware wallet geek stuff?
Best trading platforms for scalping crypto (List for 2022) - It is so important to use the right exchange to scalp trade crypto, and the reason is that scalping is a trading strategy which relies on taking small profits (or losses) relatively often.
Crypto DCA: Complete Crypto DCA Strategy & Tools Guide (Updated) - Why you want to DCA instead of HODL and where to do it best (incl. auto-DCA)
LocalCryptos or Binance P2P: Detailed Arbitrage Trading Strategy Guide - In P2P arbitrage, you earn money on a small markup that you circle around as fast as you can. The way to earn in this trading strategy is not necessarily by having a ton of capital (although that helps) but moving it around quickly.
Wyckoff trading method for ranging markets - Fully reworked primer on ranging crypto markets. Includes Wyckoff method for market phases and recommended TradingView scripts.