Welcome to PipEze daily BTC report.
Yesterday’s descending triangle proved to be right as we observed price drop during the day and later during the night. This is a second day of price moving downwards and looks like shorters are taking control over market direction.
PipEze Price Movement Benchmark corrected its calculations and adjusted to changed market conditions. It is important to have an indicator which follows the market and calculate correct price trend. For now BTC is still in downtrend and looks like it will stay like this for another few days. We can only say that trend has changed once signal line (thin one) has moved up above trend line (thick one). Chart shows we are still in the green positive area but this is fading away every day and heading towards red negative area. 1H chart is showing a bit of hope on horizon.
Those of you who subscribe to Trader package could avoid overnight price drop and save yourself a $1000. PipEze PMB on hourly chart was quick enough to signal trend change.
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.
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