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 a bullish breakout above the new resistance level at $80,469 would probably be a good signal to enter a long trade, as this level seemed pivotal. The level was indeed pivotal, catching the bearish reversal, so I was correct in that sense, and the bullish breakout ... (full story)