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Last updated  :  | By Wojtek

BTC – update – 11/08/2021

Welcome to PipEze daily BTC report.

Today’s update is important. BTC has stopped climbing yesterday, and we recorded a little price drop. We still expect that Bitcoin buyers will try to push price to 49K level, but will that attempt be successful? Back in January this year, we had a similar situation which ended up with a price drop from 43000 to 30000. PipEze Price Movement Benchmark on daily chart is over 5 points high – which is very good. Last time when BTC reached 5 points on PMB we recorded influx of sellers and a big price drop.

pmb 11/08

To make it clearer, please see a comparison of hourly charts from January and August. Look at the exact pattern in price movement and PMB – BTC price is going up while Price Movement Benchmark draws consecutive lover hills. Those hills representing a diminishing amount of buyers on the market. This is a loud warning signal which tells us that there is a chance of trend reversal.
Right now everybody is celebrating massive gains on the crypto market and this is a perfect time for short sellers to enter because nobody is expecting that price might go down.

august pmb

 

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january 2021

Please follow closely all hourly signals which are posted on Telegram channel. Those signals provide good indication of price trend change.

Well done everyone.

Any questions just drop us an email.

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