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.
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.
Well done everyone.
Any questions just drop us an email.
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