BTC – update – 19/08/2021

Welcome to PipEze daily BTC report.

It looks like BTC approaching support level. We have seen yesterday, during the day, some price recovery but at the end sellers took control and Bitcoins has finished the day with 0% gains. 1D chart is showing that $44500 can be a support level, because previously at that price point, Bitcoin recovered and went up. Price Movement Benchmark is forming some curve on the bottom, but please be aware that this could be temporary and the only valid signal is a line cross.

1H chart is showing very visible divergence. This kind of price irregularity usually appears before trend reversal. Since this is on an hourly chart, it can only be treated as a local signal and will be short-lived.

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.

PipEze

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