This is my analysis of BTC in August. Now it seems that the three comments I made below are actually three clowns. They don’t understand the wave theory themselves, but they laugh at me for not understanding it? ? ?

BTC market analysis: The daily line still has not recovered above the EMA20 daily line of $29,400. Let's analyze a wave from another angle, which is the wave theory. A rising or falling cycle is often composed of 5 waves, and the cycle ends after 5 waves. For example, during the rising cycle in the first half of the year, the price rebounded from US$15,500 to US$31,800. The weekly trend was clearly marked by five waves: rising, falling, rising, falling, and rising, with three rises and two falls. In layman's terms, this is a bit like "all in one go." , decline again, and exhaust in three waves.” The fifth wave has ended at around $31,800, and theoretically, it will start a three-wave decline later. #BTC