Apparently the cryptocurrency market began to recover, some already claiming a definitive change of trend, but technically speaking we are still in a bearish trend, then we show a brief technical analysis, so take a look in the next chart on a Time frame of 1H it would be tempting to go shopping and wait again for the price to rise, it will probably happen that way, but not for long ...
in this temporality if we add a trend indicator (ichimoku) the price is confirmed of an upward trend, how long will this trend last? I do not know and it is something difficult to know but not impossible, at most you can mark possible exit targets and when you reach these levels, leave with benefit, but clarifying, this is not a sign of instant buy market.
why? is not suitable to buy to hodl long term because if we expand the timeframe in 4H and D the price is still in a bearish trend, in 4H timeframe the price is within the cloud and probably reach $ 77000 USD and if that happened I would be close to my point of sale or short entry where I would expect to enter short in the market.
So if we extend the panorama to a timeframe Daily the price is still well below the cloud, so in these days we can expect a bullish market but within a totally bearish trend, although there is still a long term to define where the market will go. so the most likely thing to happen is to reach $ 7,985 levels but when? I do not know, it will not be now, nor tomorrow, nor the day after tomorrow, remember that you have to be patient in this type of activity and an adequate emotional management, neutral too, but I reiterate, this is not a buy signal is at your own risk, it's better it is a setback within a downward projection.
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