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BTC/USD: Threatening Bullish Breakout
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 last Thursday that it was hard to see the price going much higher despite printing pivotal higher support, as we had so many resistance levels close by, plus the upper trend line of the descending price channel, which looked very likely to keep suppressing the price. This ... (full story)