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BTC/USD: Likely to Consolidate
My previous BTC/USD signal on 25th September may have given a losing short trade from the initial bearish rejection of the resistance level at $64,613, then a profitable long trade from the bullish breakout beyond it. 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 forecast almost a week ago that Bitcoin was looking dull but that ... (full story)