Analysis $BTC on August 15:

- D1 Frame: BTC is still in an uptrend despite dropping 7,000 prices from the peak of 124-117 yesterday. I couldn't catch this wave and got hit by a stop loss on 2 Long positions losing 2,800 prices 😭. Although I really want to accumulate in the 117xxx range, I still have to advise everyone to cut losses to preserve capital when the market is under heavy selling pressure.

Today, BTC is slightly recovering around the 119000 range, the recovery force is quite weak.

Support: 11700-117500

Resistance: 119500

- 2D Frame: This frame looks quite bad. It seems like BTC is trying to reverse to a downtrend. However, we still need to wait for more signals to confirm.

- W Frame: Currently a red candle, uptrend, the chart hasn't changed. I predict this week will still close with a green candle.

=> Analysis:

• Yesterday, after making a 4,000 price gain on a Long position, I was hit by stop losses on 2 consecutive Long positions. Trading according to the waves, taking profits and re-entering at lower prices is very reasonable. 1 is to gain more. 2 is to gain less. If everyone trades with the right volume to preserve capital, they will still profit normally. No one can guarantee a 100% successful trade. A 60% win rate combined with long price movements and short price stop losses will win in this market.

• BTC is still in a difficult trading crossover zone. The charts are quite bad but have not closed yet. Therefore, I still predict that BTC today and tomorrow will rise back to the 120k range to break this bad chart pattern; I am still calling everyone to Long.

• Detailed plan will be updated by me in the future.

Wishing everyone good luck!