BTC Update on August 19
Yesterday, BTC dropped to the area of 114600 $ but has not reached the strong resistance of 114200$ shown on my chart. However, it has rebounded on the H4 frame and is getting back above 115k5$. The trend is testing again; if anyone does not have a long position, they can Long BTC here for a bounce back above 119k, or choose to long whatever you want.
In my experience, on all the Mondays of the week when the price drops, the days following usually see an increase, and BTC's chart also shows quite well that the liquidity zone for long positions above 118k has almost been wiped out. Whether the chart I drew is correct or not will take time.
As I mentioned, from now until the end of September, it will be extremely volatile, and it will cause you to lose a lot of money.
The price just dropped a bit yesterday; many of you are viewing shorts and are shorting at the peak, calling for a crash. Those who are inexperienced have already sold everything, and now they are just fomoing again.
That is the rule.
In this article, I will write about some altcoins and the current situation. After that, I will write a long-term analysis article about BTC from now until the end of September, and I will post that long-term article in dép lào to avoid being counter-viewed by you.
Remember, there is no group, just in the diary section in dép lào.
