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BTC/USD: Bears Set to Test $110,000 Area Support
My previous BTC/USD signal on 30th July was not triggered as none of the key support levels were reached. 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 on 30th July that price was consolidating below a key resistance level at $120,055 and was likely building for an eventual explosive breakout, although I was concerned ... (full story)
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