6/19 USDJPY, BTC Market FX Plus 369
Dear readers, good morning^^
I am Ai, the self-proclaimed number one disciple of 369-sensei♪
First, I will look at today's BTC market trends♪
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD has paused its rebound phase, and selling pressure has intensified again.
On the daily chart, the price is being capped near the 20 EMA, and a series of bearish candles followed.
The market mood improved with the recent rebound, but
it's still too early to say the Downtrend has ended.
The 75 EMA remains well above, and in the mid-to-long term the structure of selling on rallies remains dominant.
On H4, the price fell below the 20 EMA and 75 EMA, making the short-term trend weaker.
RSI is again declining,
indicating that buying momentum is fading.
Now is not a turning point where bulls and bears switch places,
but more naturally seen as a corrective phase within an ongoing downtrend^^
Next is USDJPY♪
USDJPY continues to maintain a strong uptrend.
On the daily chart, it stays in the high price range above the 20 EMA.
The 75 EMA is also climbing, and the trend is very clean♪
On H4, after a sharp rise there was a pullback,
but a solid buy-on-dips pushed it back into the high price range.
RSI remains at a relatively high level, but
in a trending market, prices can stay high for extended periods.
So far there are no signs of a major breakdown^^
When watching the market,
there are times you think,
“I should have entered sooner.”
But actually,
that way of thinking is often the most dangerous(・∀・;)
Why is that?
Because the past cannot be changed.
No matter how much you regret,
lost profits do not come back.
And yet,
people try to recapture lost profits by bending the rules.
As a result,
they end up making losses larger than the profits they could have had.
So I,
focus on staying calm when opportunities are missed^^
The market will be there tomorrow.
There will be a next week.
There will also be next month♪
Rather than clinging to a single opportunity,
those who can wait for the next advantage
ultimately grow their capital for longer (`・ω・´)
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407