Welcome to PipEze daily BTC report.
Yesterday’s 4% gain was wiped out this morning. PipEze Price Movement Benchmark recorded this sudden price drop, and the result shows us signal line turning just before crossing trend line. Our entry point is only valid after we have completed cross on the chart. 1H chart clearly shows Bitcoin’s price bouncing off the 49K resistance and then sharply diving. PMB is even more telling – local signal line drops down almost at 90-degree angle. Fortunately for traders exit signal was at $48000 which gives us savings of $1500 comparing to Hodlers.
Well done everyone.
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