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Last updated  :  | By Wojtek

BTC – update – 23/07/2021 [ Free Friday ]

Welcome to PipEze daily BTC report.

Yesterday on the market was relatively quiet and positive – around 1% up. If you look on the chart below, you notice BTC price is close to descending triangle top edge. In order to maintain constant move up, we need more buyers so they can push price up and break this chart pattern.

btc - triangle

PipEze Price Movement Benchmark has changed little but operating on daily chart requires patience. The significant news is that we still observing gigantic signal UP. We have seen that many times before and this kind of price / indicator divergence means that trend reversal is in progress and all Holders should expect good times coming. Price most probably will go up a BIG time.
Saying that 1H chart shows that 2 days rally is ending and we can expect traders cashing out profits which will bring local dip. This is just how the market operates, so everything is OK.

btc divergance

Now we talk with Traders. Listen up Guys – PipEze Price Movement Benchmark is clearly showing that there is a massive chance for price retraction. We still operating in a green positive area but signal line stopped following trend line and 9 out of 10 times this configuration means price drop. It was an enjoyable ride up for the last two days, but PMB is telling us that some players are taking away their gains and leaving market. This is how this indicator works – it shows ever changing balance between buyers and sellers. This time we see more sellers and very few buyers.

btc - 1H

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

Well done everyone.

Any questions just drop us an email.

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