I am using both 4 hours as usual, as well as a daily chart today, just to show the lack of support in the newspaper. This last movement of the bulls was quite low, lower (before the high level we were seeing, it went up to $ 4,115). The low bulls they wanted to keep here were $ 3481 and this morning we were down to 53 cents. Personally, I do not expect this double bottom to hold, and below that there is a lack of support again until our low of $ 3129. It is not a place where I would like to try to catch a knife that is falling, so It is likely that I have cash left to wait and see a change in the trend, at least every hour, with higher and higher maximums. In general, it is only a difficult market for those who only look for bullish entries and will certainly test their patience. I have done a handful of small operations in the last 2 months and, in general, during the past year there has only been a lack of commercial opportunities for the bulls in this environment. Let's see if the bulls can defend this double bottom today and get a rebound or if the bears hit again with the hope of returning to $ 3k.
