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BTC/USD Forex Signal: Bullish Channel Conflicts with Bearish Trend
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 Monday, I thought that the best trade which might set up would be a short trade at $69,541 as it was confluent both with the upper trend line of the descending price channel and the big round number at $70,000. This was not a good call, as the reversal happened higher than that. I ... (full story)
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