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BTC/USD: Bullish Consolidation Continues Near High
I see the technical picture as essentially unchanged – a strong rejection of any of the nearby resistance levels could be a good opportunity to enter a short trade which would have a chance of catching a major bearish reversal. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels. BTC/USD Analysis I wrote in my previous BTC/USD analysis that the price was consolidating just below a ... (full story)