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 In my last BTC/USD forecast last Thursday, I thought we were seeing a flat consolidation between $85,000 and $90,000 – and that nothing significant would happen until the price broke out of that range. I saw a bearish breakdown below $85,000 as more likely and thought this would trigger a further move down to $81,000. ... (full story)