For the first time ever Bitcoin is slowing down its uptrend (perforation of the lower confidence level of my bitcoin price mode), the most interesting support area remains the deviation price bands of Kama average applied to the monthly chart. This price zone run from 2900 to 4000 usd.
Below 2900$ trend is 100% bearish; at the moment we can consider FLAT this market and if volatility will settle down a bit i'll probably a buyer if the price is inside the 2900$-4000$ support area, if above i'll continue to hold my previous long position as planned.
Below 2900$ trend is 100% bearish; at the moment we can consider FLAT this market and if volatility will settle down a bit i'll probably a buyer if the price is inside the 2900$-4000$ support area, if above i'll continue to hold my previous long position as planned.
Comment:
*"bitcoin price model" sorry for the typo.