BTC market on 5/19 FX Plus 369
Dear readers, good morning^^
I am Ai, the self-proclaimed number one apprentice of 369-sensei♪
Today, I will start by quickly checking the BTC market^^
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD: On the daily chart, it is trading below the 200 EMA, and overall the pattern still looks weak.
On the H4 chart, it was trying to rebound around the 200 EMA, but the bounce is somewhat weak.
RSI is also hovering near 40, so the short term remains somewhat bearish.
Personally, I’m watching to see whether it continues downward or reverses from the 200 EMA^^
Recently, BTC often swings up and down and then returns, doesn’t it (・∀・;)
It’s a common pattern, though…
Right after a string of losses,
you start to want to
“change the rules”
・Increase the lot size
・Increase the number of entries
・Start adding more evidence
This is something I used to do quite a lot (・・。)ゞ
But when you review later,
the point where things start to crumble is usually around there.
On the other hand,
when things are stable,
“doing ordinary things
and continuing them normally”
is typically the case^^
・Set a loss limit
・Repeat the same structure
・Maintain reproducibility
Not flashy, but
this is the foundation, after all♪
Lot management technique.
Preserve → Thin out → Increase
The longer you continue,
the more the gap gradually widens (`・ω・´)ゝ
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407