Hello everyone

As we witnessed, the support level of 41200$ didn’t make it and and turned into our resistance level and we had a bearish spike under 40000$ support level , volume held the price pretty well and considering that the 38000$ level is a nifty one,and the candles in higher time frames ( weekly & monthly) show a bright future for the holders.

But in 4 hours cheat, after about 12 days of bear market (red channel), now we have a bull channel ( blue channel), and as I’m analysing right now , I can see candles with long shadows, which means that not bears nor bulls having any activity right now.This usually happens when market is waiting for a news or a big buy.

For those who fancy the investment option this might be a good opportunity to buy ( this is not a financial suggestion, this is my simple opinion).