6/18 USDJPY, BTC market FX Plus 369
Good morning to all readers^^
I am Ai, the self-proclaimed number one disciple of 369-sensei♪
First, I’ll look at today’s BTC market♪
EMA Settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD is in a short-term consolidation phase.
On the daily chart, it recently rebounded near the 20 EMA, but afterward is being capped at higher prices, with a series of small bearish candles.
That said, from the lows right after the crash, it has clearly bounced back,
appearing to have exited the “crash mode” for now
^^
However, the 75 EMA remains quite high, and in the medium-to-long term I believe we are still within a downtrend’s range.
On the H4 chart, battles near the 20 EMA continue.
There is no clear decisive move from buyers or sellers, but if the price breaks below the 20 EMA here, selling pressure could intensify again.
The RSI on both the daily and H4 has recovered into the neutral zone,
showing a significant improvement from last week’s extremely oversold condition♪
Next is USDJPY♪
USDJPY remains in a high-price zone.
On the daily chart it’s trading above the 20 EMA, and the uptrend remains intact.
Recently it has stalled a bit after making a new high, but
even considering the distance to the 75 EMA, overall it’s still strong^^
On the H4 chart, the sharp rally is undergoing a pullback.
However, even if it declines, there tends to be buying around the 20 EMA,
and so far there’s no sign of a major collapse.
Rather, it looks like it’s building energy in the high-price area♪
If you’ve watched the market for a long time,
the people who win the most are
“those who wait for the next opportunity.”
The ones who keep losing are the ones who always try to do something (・∀・;)
But in reality,
not acting is also a legitimate form of trading.
Wait for the opportunity.
Wait until your own setup appears.
That alone saves you from many losses, really^^
Especially as capital increases,
instead of trying to win every time,
reducing unnecessary losses becomes more important.
Rather than rushing to recover losses in a hurry,
choose only favorable moments.
That accumulation
ultimately yields significant advantages♪
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407