6/17 USDJPY, BTC market FX Plus 369
Dear readers, good morning ^^
I’m Ai, the self-proclaimed number one disciple of Teacher 369 ♪
First, let's look at today's BTC market ♪
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD remains on a rebound mode♪
On the daily chart, after the recent sharp drop, the rebound has continued and it has finally approached around the 20 EMA.
The 75 EMA is still positioned high, so in the long term the price is within a downtrend, but the market that had been all-sell is starting to change its scenery little by little, you know ^^
On the H4 chart, price is trading above the 20 EMA and 75 EMA, so the short-term uptrend continues.
However, profit-taking is starting to appear around the highs, so it doesn’t seem like a case where you should keep buying just for momentum.
RSI has recovered to high levels,
"oversold"
and it seems to have completely escaped that status now ♪
Next is USDJPY ♪
USDJPY continues to maintain a strong uptrend.
On the daily chart, it remains near the high range while trading above the 20 EMA and 75 EMA, so the trend itself has not broken yet.
On the H4 chart, direction becomes a bit hazy and it stays in a high-range consolidation.
In the short term, a pullback is not surprising, but
the overall flow remains predominantly buyer-favored ^^
Looking at this kind of market,
many people think
"how high will it go next?"
"is it not too late to enter here?"
and so on.
However,
the important thing is
to determine whether the current market is a reproducible environment for you
and to assess that accurately ^^
No matter how excellent a method is,
if it does not align with the market environment, you won't achieve the expected results.
Conversely,
if you only choose environments you are good at and fight there,
unnecessary losses decrease by a surprising amount ♪
To win, you work hard.
Anyone can do this.
But,
"deciding not to trade in certain markets"
is surprisingly difficult (・∀・;)
So I
not only learn a method,
but also believe that how you view the market environment and how you handle your funds are just as important ^^
Rather than chasing opportunities in a hurry,
wait for favorable moments for you.
That accumulation
will eventually make a big difference in the end ♪
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407