Analysis $BTC on August 18: - Daily Chart: BTC yesterday continued to swing around the 117-118 range and quickly dropped to around 115000. The chart in the downtrend looks quite bad. Currently, the chart is still around the support level of 115000, with the lower level being 112000. Main resistance: 116500-117000
- 4-Hour Chart: has entered a downtrend, the chart is being pulled quickly to the 112-113 range. Please pay attention to this area.
- Weekly Chart: Signs of a peak have appeared. There is a high possibility that 1245xx has been the ATH of this uptrend, soon BTC will enter a new accumulation range for a quite long time. I think about 2-3 months. Then BTC will have a new uptrend.
=> Conclusion: - BTC has a very high possibility of transitioning to a downtrend in the medium term. This means it will enter a new accumulation range in about 2-3 months with 124k as the peak, and the bottom could be around the 10x range. - Last week after a Long position at the beginning of the week that gained 4000, I consecutively lost 3 Long positions due to incorrect analysis. The 2 short positions on ETH and BTC at the end of the week were very good because I anticipated early the downtrend of BTC, but due to entering too early, I was continuously stopped out at break-even or lost a few hundred, so it was completely ineffective. - This morning I also anticipated early for everyone about this downtrend and gained temporarily 2000. I also called to catch an early move around 115000 because I still see a fairly strong rebound force of BTC in the next 2 days. But the main trend of BTC in the coming time is still down, so everyone should be cautious. - Why is BTC dropping while institutions are aggressively accumulating? There are many reasons, but I think mainly it is profit-taking. And BTC also needs a 20-30% drop from the peak to establish a sustainable uptrend for future ATHs. I will update the plan in detail in the telegram. Good luck everyone!
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!
Quick assessment $BTC on August 14: - Daily frame: BTC yesterday had an impressive increase from 118 -123k and broke ATH to 1245xx this morning. I caught this wave perfectly for everyone to earn 4000 price and closed all at around 124k. Today, BTC is in a correction phase towards 121k. There is quite a large profit-taking force. However, the chart is still in a strong uptrend and hasn't been significantly affected. Support: 119-120 Resistance: 125 - 130
- 3-Day frame: today's D3 candle opened and is in an uptrend. The D3 candle is currently deep red in the price range of 121xxx. Therefore, I think this D3 candle will successfully pull up with a green wick. Whether the bottom can go deeper or not, I’m not sure.
- Weekly frame: looks quite good in the price range of 1218xxx. However, BTC still does not have strong upward momentum. There is a high possibility that next week and the week after, BTC will reach a price of 10k or more.
=> Assessment: • After 4 days of being busy and not entering any orders, I have a gift of 4000 price for everyone which is very quality. • For now, I assess BTC is still increasing, but not rapidly, it will continue to break ATH. • Next week and the week after, BTC will increase strongly. • Detailed plan will be updated in the reply. Wishing everyone success in this uptrend season
Take 4 days off to travel. There will be gifts for everyone when I return. Tomorrow we will continue to analyze BTC regularly by day for everyone's reference.
Analysis $BTC on August 9: - D1 Frame: BTC had a slight drop yesterday from 117xxx to 1158xx. I also aimed to catch the perfect entry for you all with a short position (actually, I prefer Long more but after waiting all day with no upward signal, I called for a short position of 1000 points). Today's D candle is still hovering around the 116xxx area, which is a quite sensitive intersection. Support: 116000 Resistance: 118000
- D4 Frame: The new D4 candle opened today is in a downtrend due to being pulled down continuously for 3-4 previous D4 candles. Therefore, the D4 chart looks quite bad. BTC needs to rise and close this D4 candle above the 118xxx area to escape the downtrend. Otherwise, the 110xxx area will be the next target.
- W Frame: Still looking good. Strong upward wave. If it continues to close above the 116xxx area, it’s likely next week will continue to be a green week.
=> Analysis: - Today is the weekend, BTC is again in a sensitive intersection area, making it very difficult to determine BTC's trend. This morning, I called for another short position but had to cut it early by 400 points due to quite noisy signals. - Let’s wait for more new information together. Personally, I think in the next 3 days, BTC will rise back to the 118-120 area. - The detailed plan will be updated by me later. Wish you all good luck!
Continue with a pretty good short position for the team when waiting all day $BTC 8/8 has not shown signs of going back up, still in a rather bad downward adjustment rhythm
Quick assessment $BTC on August 8: - Timeframe D: BTC increased significantly yesterday from 114xxx - 117xxx. I also caught this movement for the team. Continuous winning trades. Today's D candle is undergoing a slight adjustment around the 116xxx level. I also informed the team about this adjustment, but I did not short; instead, I am waiting for a Long entry to capitalize on the next upward movement. Support: 116000 - 115500 Resistance: 118000 - 120000
- Timeframe D4: By the end of today, the D4 candle will close. The D4 candle is at the price level of 1168xxx, which is sufficient to temporarily escape the downtrend. Therefore, I assess that the next D4 candle will still be a green candle with the peak at a higher price level.
- Timeframe W: The W candle is still in a beautiful uptrend, support has been tested, and the next target will be a new ATH.
=> Assessment: - BTC will continue to rise. I still advise the team not to short during this time; safety is to wait for Long entries at lower price levels. - Detailed plan will be updated later. Wishing everyone continued success
Continue to help the team members catch more Long rhythm
CRain1989
--
Quick Assessment $BTC on August 7: - Time Frame D: BTC had a good recovery yesterday from 113xxx - 115xxx. In this phase, I continue to prepare for the team members, and currently, there are signals for entering phase 2. Today's D chart is still in a downtrend. The price has slightly decreased to the range of 114xxx. However, all time frames have shifted to an uptrend, so an increase in BTC price is only a matter of time. Support: 114000 - 113500 Resistance: 115500-117000
- Time Frame D4: There are still 2 days left to close the D4 candle. BTC is still making efforts to increase in price to break away from the downtrend pullback. It is expected that BTC needs to close above the 117k range in this D4 candle to be successful.
- Time Frame W: It can be clearly seen that BTC has bounced back to the strong support area of the weekly frame (112xxx) and is currently increasing in price according to the uptrend of the weekly frame. I predict that this week BTC will be positive, and there is a high possibility of a long price column next week.
=> Assessment: - BTC will soon increase in price, pulling along the strong upward momentum of altcoins. - Members should not short during this time, should long and combine DCA with a clear strategy for safety and a high chance of success. Don't let an uptrend lead to losses or account liquidation. - My plan will be updated in detail in the TL. Wishing everyone good luck!
Quick Assessment $BTC on August 7: - Time Frame D: BTC had a good recovery yesterday from 113xxx - 115xxx. In this phase, I continue to prepare for the team members, and currently, there are signals for entering phase 2. Today's D chart is still in a downtrend. The price has slightly decreased to the range of 114xxx. However, all time frames have shifted to an uptrend, so an increase in BTC price is only a matter of time. Support: 114000 - 113500 Resistance: 115500-117000
- Time Frame D4: There are still 2 days left to close the D4 candle. BTC is still making efforts to increase in price to break away from the downtrend pullback. It is expected that BTC needs to close above the 117k range in this D4 candle to be successful.
- Time Frame W: It can be clearly seen that BTC has bounced back to the strong support area of the weekly frame (112xxx) and is currently increasing in price according to the uptrend of the weekly frame. I predict that this week BTC will be positive, and there is a high possibility of a long price column next week.
=> Assessment: - BTC will soon increase in price, pulling along the strong upward momentum of altcoins. - Members should not short during this time, should long and combine DCA with a clear strategy for safety and a high chance of success. Don't let an uptrend lead to losses or account liquidation. - My plan will be updated in detail in the TL. Wishing everyone good luck!
Quick assessment $BTC on August 6: - D1 frame: BTC had a sharp drop from 115xxx to 112xxx yesterday. During this period, I advised everyone to exit their positions properly and managed to secure a short position that was quite good. Today's D candle is still in a downtrend, however, signs of an upward movement have appeared, so I advise everyone to start going Long again in the 113xxx range and have a clear DCA strategy. Support: 112000-112500 Resistance: 115000 - 116000
- D4 frame: The candle will close in 2 days. As I mentioned in yesterday's post, if this D4 candle does not push BTC back up to the 115-116 range, it will officially fall into a downtrend. This would be very bad as BTC could drop all the way to the 10x range.
- W frame: Still in an uptrend, the chart is still unclear and needs more new information for better analysis.
=> Assessment: - BTC is very close to a new upward movement, it may drop another short period, so I still prioritize going Long. - I believe this range is sufficient for BTC to rise again. At the very least, it will increase a few thousand more in this upward phase. - I will update the detailed plan in the chat. Wishing everyone success
Quick assessment $BTC on August 6: - D1 frame: BTC had a sharp drop from 115xxx to 112xxx yesterday. During this period, I advised everyone to exit their positions properly and managed to secure a short position that was quite good. Today's D candle is still in a downtrend, however, signs of an upward movement have appeared, so I advise everyone to start going Long again in the 113xxx range and have a clear DCA strategy. Support: 112000-112500 Resistance: 115000 - 116000
- D4 frame: The candle will close in 2 days. As I mentioned in yesterday's post, if this D4 candle does not push BTC back up to the 115-116 range, it will officially fall into a downtrend. This would be very bad as BTC could drop all the way to the 10x range.
- W frame: Still in an uptrend, the chart is still unclear and needs more new information for better analysis.
=> Assessment: - BTC is very close to a new upward movement, it may drop another short period, so I still prioritize going Long. - I believe this range is sufficient for BTC to rise again. At the very least, it will increase a few thousand more in this upward phase. - I will update the detailed plan in the chat. Wishing everyone success
Quick assessment $BTC 5/8 : - Daily frame (D1): BTC yesterday continued to recover slightly around 2k prices from 114000-1157xx. In this phase, I call on everyone to close all Long orders around the 115000 area and wait for further signals as the chart looks quite bad. Today's Daily chart is still in a down wave, with weak recovery forces, so I have switched to calling everyone to go for small shorts with the plan that BTC will create another bottom. Support: 114000 - 112000 Resistance: 115500 - 118000
- 4-hour frame (D4): Today's D4 frame opened with the candle being pulled back to a down wave at the price range of 114xxx. BTC has 3 days to strongly bounce back to the 116-117 areas. If unsuccessful, it is very likely that BTC will be quickly pulled back to around 110k before the next recovery force.
- Weekly frame (W): It is still forming an accumulation zone in the up wave. Strong support around 112000-112500.
=> Assessment: - The charts of the larger frames are quite bad, with continuous signs of creating peaks so BTC will continue to decrease to wait for a stronger recovery force. - Details will be updated in the thread. Wishing everyone success!
Update $BTC on August 4: - D1 Frame: BTC recovered strongly yesterday from 1118xx - 1148xx and continues to rise around the 115k range today. I caught this recovery of BTC accurately and informed the team since yesterday, thanks to that all Long ETH - BTC orders have been profitable. I also advised the team to temporarily exit all around the 1149xx range, okay team? The D frame is still in a downtrend. Support: 111-112 Resistance: 115 - 117
- D2-3-4 Frame: All D2-3-4 frames are being pulled down very quickly towards a downtrend. This is a very bad signal. Therefore, I advise the team to exit all positions around BTC 1149xx to wait for new signals. The likelihood of BTC continuing to go down is very high.
- W Frame: The W frame is still in an uptrend; however, last week's candle closed very poorly. The current strong support area is around 112500. If it breaks, BTC could drop another 4-5k in price.
=> Assessment: • BTC is at the intersection of many large and small frames, making it very difficult to assess. • However, the market outlook for a decline in the first half of August has been communicated to the team early. Therefore, it is highly likely that BTC will continue to drop deeper this week before officially rising strongly again to create a new ATH. • For now, I have advised the team to take profits on all Long orders during this wave and continue to wait for new signals. • Detailed plans are updated regularly in the thread. Wishing the team success.
Quick assessment $BTC 3/8 : - BTC continues to drop to 111xxx and today is quickly bouncing back to 113xxx. This is the accumulation zone 111-115 that I mentioned yesterday. However, during this phase, I haven't made any additional trades and am mainly observing the market; the call orders for Long 113-114 are not concerning as BTC will soon rise back to 114xxx today and tomorrow. - Regarding the larger frames, BTC is looking very poor as there hasn't been a strong enough rebound to change the chart, so whether BTC will have another drop is very hard to say. - ETH has also returned to the 3k3 range and BNB has dropped to the 72x range, as I mentioned a few days ago, everyone can accumulate from this price range quite well. - In summary, in the coming days, the market will have a slight recovery. By the end of tomorrow and the day after, several important candle frames will close. I will update everyone later. - The detailed plan will be continuously updated for everyone in the future.
Analysis $BTC 2/8 : - D1 Frame: BTC continued to decrease sharply from 116xxx-112xxx yesterday. In this phase, I warned everyone at the end of the day to exit and hold a better position as no short trades could be taken. Chart D is still in a downtrend and pulling larger timeframes down very quickly. Support: 111000-111500 Resistance: 115000
- D3 Frame: today also opens the D3 candle. The D3 candle has transitioned into a rather poor downtrend. The hard support area at 111500 suggests that BTC will likely swing around the 111-115k range to continue accumulating.
- W Frame: still in an uptrend. Not too bad yet. The hard support area at 111500 is unlikely to be surpassed this week.
=> Analysis: - BTC is accumulating in the lower price range around 110-115. This is the area for everyone to add more rather than selling, as the long-term uptrend view has not yet been affected. - Detailed plan will be updated in the TL. Wish everyone good luck!
$BTC 1/8 • Congratulations to those who follow the view I shared • The market is forming a bottom in August after the July candle closed very nicely
CRain1989
--
Quick update $BTC - Frame D and large frames are entering the small amplitude range of 116-119k. - The inability to break ATH in July has led to major charts forming a new accumulation area. - The August candle is approaching. Although I predict the July candle will close around the range of 117-119 or higher for the August candle to continue being green. However, before that, the August candle needs a dip to create a bottom.
=> Assessment: - BTC will trade within the range of 116-119 for a few days and has the potential to drop further to create the bottom of the August candle before officially rising again. - I have advised the team to sell off around the 118xxx range and wait for BTC to adjust before re-entering to protect the capital. - You can refer to this. At this time, I think it's better to stay out. Shorting is also quite risky as the long-term uptrend continues.