The price of bitcoin
follows the described scenario for decline around $500.Even though I still expect the down move to resume, the large green engulfing
candle is obvious sign of accumulation. I don't believe much in conspiracy theory but I am convinced that some big investors are able to impact the small trends through the info in the media. After the big rise of BTC
and the impending halving tomorrow that will make bitcoin
scarce the only way for large investors to buy cheap is to shake the small investors. We couldn't know when the bull will arise. It can take days or weeks before the reversal occurs. In such situation the only good strategy to participate is buying every dip the market will give.