5
Last updated  :  | By Wojtek

[ FREE FOR ALL ] BTC – update 19/07/21

Welcome to PipEze daily BTC report.

For almost 2 months now we can see BTC moving sideways. Those who considering shorting Bitcoin should be happy as descending triangle pattern is showing on the chart. According to technical analysis, this market formation showing future downtrend. Descending triangle is usually continuation patter but at this position on the chart it could mislead.

Tradingview BTC

Luckily we have PipEze Price Movement Benchmark. 1D chart for a long time has been signalling decreasing selling power. Higher dips are not corresponding to constantly lower price. What’s more important, signal line (thin one) is moving up and trend line (thick one) is on a positive side of chart for a first time in the last 10 weeks. Green Buy area is tiny, which could mean that there are still not enough buyers on the market.

BTC price movement benchmark

Quick look on 1H chart shows us potentially very strong Sell signal and incoming price drop during the day. Looks like descending triangle is correct. If signal line cross trend line downwards it will be confirmed Price-Down signal. For now, it looks like there is a good chance for quick short sell.

btc_1H

Those of you who subscribe to Trader package could enjoy yesterday solid Price-Up signal and make yourself richer of $250.
Please follow closely all hourly signals which are posted on Trader channel. Those signals provide good indication of price trend change.

Well done everyone.

Any questions just drop us an email.

PipEze

Price Movement Benchmark
Upgrade to Trader level.


only £40 GBP a month!

       ** 1 daily BTC market overview*

**Trend changing alerts

  ** Access to telegram channel with daily and hourly chart

**BTC chart with buy/sell signal for 1D and 1H timeframe

**Cancel anytime



The information contained in our publications is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securities. Our publications are not, and should not be seen as, a recommendation to use any particular investment strategy.

Visited 91 Times, 1 Visit today