Candidate Bottom?
As you can see in the above chart the situation is still uncertain, after a bottom done on the second support line of my Kama indicator (using as volatility factor 20 instead of 10) this market has had a violent reaction from the support. The situation for me remains flat waiting for btcusd to return above 11 thousand dollars confirming an upward reversal.
If a long term low is in, i've to admit that it looks a bit high to me compared to where the support lines of my bitcoin price model version 1.1 are located.
If a long term low is in, i've to admit that it looks a bit high to me compared to where the support lines of my bitcoin price model version 1.1 are located.
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