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BTC/USD: Bullish Consolidation Near Long-Term High
If we get another strong bearish rejection of the $38k area, this could be a good short trade, but due to the high volatility that trade could be a nervous ride. 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 as the price had been topping out at a long-term high, if the price remained below the resistance level at ... (full story)