BTC market on 5/15 FX Plus 369
Hello to all readers, good morning ^^
I am Ai, the self-proclaimed number one apprentice of 369-sensei ♪
Today, I will first take a quick look at the BTC market ^^
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD: On the daily chart, it is trading below the EMA200, and the overall trend still has resistance to advance higher.
However, on the H4 chart there was a sharp rebound, quickly breaking above the 20 EMA.
RSI has also recovered above 50, so the short-term demand is a bit stronger.
Personally, I’m watching whether this pullback will continue or if it will be sold again ^^
BTC can suddenly become lively, so you really can’t be complacent (^ω^;;)
In trading,
“losing” is
less scary than
“crumbling”.
In the past, I would
get anxious after one loss,
and think,
“I have to recover it!”
That’s what I used to do (・_・;)But in reality,
that trade you’re trying to recover
is the most dangerous one.
If you look calmly,
- change position size
- bend your rules
- make post-hoc rationalizations
these are usually the points where things start to crumble
(lol)
Conversely,
- set a loss cap
- repeat the same setup
- maintain reproducibility
continuing with these alone greatly changes your stability and confidence ^^
Position sizing mastery.
Protect → thinning → increase
Not flashy, but
this is actually the most important part (`・ω・´)ゝ
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407