bull channel in a bear market!
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).
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).
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.