Ikigai Crypto

Adapt on what the market is giving you.👍

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How To Use Moving Averages:

A simple moving average is a technical indicator that you can use to quantify price trends and trading signals.

Moving averages can be used for the following:
•Entry signal
•Exit signal
•Trailing stop
•Stop loss
•Profit target
•To scale into a position
•Trend indicator
•Risk management
•Quantify position sizing
•To measure volatility
•To manage volatility
•Creating good risk/reward ratios
•Trade management
•Quantifying signals for backtesting

1. Entry signal: When price crosses over a single moving average or two moving averages crossover it can be a signal to buy. A loss of a key moving average can be a signal to sell.

2. Exit signal: When price crosses under a single moving average or two moving averages cross under it can be a signal to sell. Price over taking a key moving average can be a signal to buy to cover a short position.

3. Trailing stop: A short term moving average can be used as a trailing stop loss to allow a winning trade to run until it reverses and closes under that moving average.

4. Stop loss: When a trade is entered a loss can be limited by using a moving average as the place to exit the trade if it is lost.

5. Profit target: A price rally back to a key overhead moving average can be target where profits are locked in when reached.

6. To scale into a position: A trade can be scaled into as key moving averages are retaken. Like after a downtrend buying on a break back over the 250 day moving average then more as the 200 day moving average is retaken.

7. Trend indicator: Where price is in relation to the moving average in your timeframe can tell you the direction of the current price trend in a market.

8. Risk management: Using moving averages as stop losses, trailing stops, and trend signals you can manage risk by limiting your losses.

9. Quantify position sizing: You can size your trade based on your moving average stop loss level for how much you want to lose if the trade doesn’t work out.

10. Measure of volatility: How far price is from a moving average in a timeframe can show the level of volatility from the price average.

11. Manage volatility: Moving average crossovers of two moving averages as entry and exit signals can filter out much of the noise in price action and focus on the bigger trend.

12. Creating good risk/reward ratios: Using moving averages to set a stop loss much smaller than your potential profit target gain can create good risk/reward ratios.

13. Trade management: Moving averages can be used to cut losses short and let winners run by managing a trade as it evolves.

14. Quantifying signals for backtesting: Moving average signals can be quantified and used in backtesting to see their historical performance if used as mechanical entry and exit signals.

Laser focus on what you can control:

• You can't control if a high-risk token rug pulls, but you can control your bet size.

• You can't control what happens, but you can control your response

Stay disciplined.💪
Stay consistent.👍

⚠ The Survivorship Bias ⚠

It's where your perception of success is skewed because you focus on the ones who made it, compared to the ones who didn't.

It's like when someone keeps bragging about a 10x profit, but ignores the 10 calls that lost money.

⚠️ 𝙃𝙚𝙧𝙚'𝙨 𝙬𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙚𝙙 𝙞𝙣 𝙘𝙧𝙮𝙥𝙩𝙤 𝙩𝙤𝙙𝙖𝙮 ⚠️

- Coinbase Secures Approval to Launch and Ether Futures Trading for US Customers.

- Halts Crypto Sales in U.K. Until 2024 to Comply With New FCA Rules.

- Shiba Inu Developers Launch , Ushering In New Era of Growth for Ecosystem.

- Connect to Cease Operations on August 16.

- Stablecoin Firm Circle's Chief Strategy Officer Urges Legislation Amidst USDC Market Decline.

- The FBI Seizes Nearly $2 Million Of Digital Assets In Three Months, New Filings Reveal.

- Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme.

Getting stopped out doesn’t necessarily mean your idea was wrong. It could mean you had poor stop-loss placement.

Instead of immediately assuming you’re wrong & flipping bias, track what the market does after taking you out.

Reverse engineering stopped trades can lead to new setups.

⚠️ 𝙃𝙚𝙧𝙚'𝙨 𝙬𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙚𝙙 𝙞𝙣 𝙘𝙧𝙮𝙥𝙩𝙤 𝙩𝙤𝙙𝙖𝙮 ⚠️

- EU’s First Spot ETF Goes Live On EuroNext Amsterdam Exchange.

- Binance US Seeks Protective Order Against Renewed SEC Probe.

- Dubai Offers and AI Firms A 90% License Fee Cut, Seeks To Host Largest Tech Firms In MENA.

- Sam Bankman-Fried Faces New Allegations: DOJ Claims Stolen Funds Used for Political Donations.

- Singapore’s Central Bank Releases Regulatory Framework for Stablecoins.

- Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan.

- Legal Experts from Top U.S. Law Schools Critique SEC's Approach in Lawsuit.

- Reserve Bank of Zimbabwe Set to Launch Gold-Backed Digital Token (GBDT) for Retail Use Following Successful Investor Interest.

- Coinbase Exchange Launches Stand with Alliance, an Independent Pro-Crypto Advocacy Group.

- Increased Interest Rates Drive Maker Protocol's Revenues to 2-Year High of $165 Million.

- ETFs 'May Account for 10%' of BTC Market Value in 3 Years.

- New Zealand Crypto Exchange Dasset Begins Voluntary Liquidation, Customer’s Assets Frozen.

It's always our priority to look at price action in our entries.

But it's good to have more info about how the token and underlying platform works to add to your conviction.

Here is a simple mental model to follow.👇

Always adapt.💪

⚠️ 𝙃𝙚𝙧𝙚'𝙨 𝙬𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙚𝙙 𝙞𝙣 𝙘𝙧𝙮𝙥𝙩𝙤 𝙩𝙤𝙙𝙖𝙮 ⚠️

- Former US President Donald Trump Holds Around $500,000 In Digital Assets.

- Unveils Cryptocurrencies Hub: A New Crypto-Inclusive Feature.

- Coinbase Expands to Canada With New Crypto Offerings.

- Coinbase CEO Acknowledges User Concerns and Vows to Enhance App Experience Amidst On-Chain Activity Surge.

- Former SEC Official: Bitcoin ETF Approval Will Not Happen Soon, Could Occur After 2024.

- DeFi Value Locked Reaches Nearly $42 Billion as Token Market Experiences Significant Growth.

- Suspicion Arises as Bankrupt Voyager Transfers Tokens to .

- Apple Pay one-click is available for the MetaMask wallet iPhone users worldwide.

- Decentralized exchange (DEX) Uniswap fired an employee recently after what some called a rug pull.

- DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack

The most dangerous mental trap:

Confirmation bias.⚠️

It's where we seek information to confirm existing beliefs, and ignore the opposing views.

You can't make money if you bury your head.

Don't dismiss the negative thesis against your conviction - investigate it & play devil's advocate.

"What if it's true?"