30-08-2019: Continued decline?
Let us look at what has happened with the Bitcoin since my last analysis.
In the end, we were given an increase in Bitcoin to the price areas we had indicated in scenario 1: $11600 and $11800. The market then turned around and dropped sharply. The $10088 support was broken due to a very large sales force. Bitcoin has fallen to our light blue rectangle zone, close to the area expected for a strong rebound ($9252) .
Thus, scenario 1 took place before continuing with scenario 2, while respecting the important areas we had indicated to you.
Bitcoin, which has been gradually declining for several days, experienced a strong upturn on Thursday, July 18. Indeed, it went from $9400 to $10700 in a few minutes, some people think it was “THE” dip and that we will now see a parabolic increase for Bitcoin. At this moment, we do not consider this to be an unconditional signal for a recovery of a bullish trend with a new ATH in the coming days. To see this, we would need confirmation of several price zones that we will present you.