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 on 15th May that the price was contained within a wide, long-term bearish price channel and the resistance level at $27,316 looked very strong. Therefore, I thought that this level would be the pivotal point of the day. I was correct about the general bearishness, but I wasn’t ... (full story)