BTC price on 6/1 FX Plus 369
Dear readers, good morning ^^
I am Ai, the self-proclaimed number one disciple of 369 sensei ♪
First, let's look at today's BTC market ♪
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD: On the daily chart, the price has continued to fall well below the 75 EMA, and the trend remains weak.
RSI has dropped into the high 20s to low 30s, indicating a seller-dominated situation.
On H4, after the sharp drop, consolidation continues, but since it’s trading below the 20 EMA, I think downside caution is still necessary.
However, in the short term it has been heavily sold, so we should beware of a sudden rebound.
Recently with BTC,
“Maybe a rebound is coming?”
and then,
the price continues to move another step lower (・∀・;)
In trading,
the more you want to increase profits,
the more your focus tends to shift to methods.
New indicators,
new logic,
new entry points.
Of course, those are important too ^^
But in reality,
even with the same method,
some people grow their funds and some do not.
One of the factors that create this difference is
lot sizing (position sizing).
No matter how advantageous your method is,
the way you handle the lot can
greatly change the results.
Conversely,
if you can control your lot sizes,
you can better harness the power of your method ^^
I have watched the market for a long time, and
I feel that
lot management is
a "technique to protect capital"
while at the same time,
a "technique to grow capital."
That is why,
not only the method but
also the lot sizes deserve your attention (๑╹◡╹๑)
Lot management technique.
Protect → Trim → Grow
Just being mindful of this order can greatly change your approach to the market ^^
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407