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
On Overcoming the Fears of Newbie Traders - Overcoming fear in trading is difficult yet possible. You just need to address your fears and work hard at building rational ways to fight and control your fears.
Daytrading on Crypto Markets: Good Idea? - Daytrading means entering and exiting the market in a single day. Is this a good crypto trading strategy?
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 Investment Strategy: Step By Step Guide to Long-Term Holding - Full walkthrough with all the basics you need for a sensible mid to long-term cryptocurrency investment strategy. Fundamentals haven't changed, but the tools and landscape have.
Shadow Scalping: Daily Grid Trading That Actually Works in Crypto (If You're Patient) - Statistical grid trading: scalp the daily open/close shadows for small profits every single day. Profitable but boring. Perfect if you hate watching charts.
Wyckoff for Crypto Degens: Ranging Markets & the Art of Waiting - How smart money actually positions before the pump. Wyckoff method for crypto ranges—the only timeframe that matters for serious entries.