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Last updated  :  | By Wojtek

BTC – update – 16/08/2021

Welcome to PipEze daily BTC report.

Over the weekend, our Price Movement Benchmark changed substantially. With price first reaching over $48000 and then dropping to $47000, PMB trend line declined and signal line went down to negative area of indicator. Yesterday evening BTC recovered price drop and again pushing towards 49K level. Last week we have been saying many times that $49000 is and hard resistance to break and we have seen that during the weekend. PMB on 1D chart gave us sell signal week ago so Hodlers with an open position should watch the price movement closely. Traders with access to 1H chart can still use intraday signals like one yesterday before price of BTC climbed up.

btc pmb 16/08

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pmb 1h 16/08

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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