Last Thursday’s signals were not triggered, as none of the key levels were ever reached that day.
Today’s BTC/USD Signals
Risk 0.75% per trade.
Trades must be taken before5pm Tokyo time, over the next 24-hour period only.
Long Trades
Short Trades
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 last Thursday that Bitcoin was back to a dull, ranging situation, with no real long-term trend or trend on any time frame. While there have still not been any very strong movements, there is definitely a move towards a more bullish picture and a slow, medium-term bullish trend. For this reason, I take a weakly bullish bias today above the support level at $6,569. I would be strongly bullish if the price can get established above the resistance level at $6,805 which looks like being the key pivotal level for today. Above that resistance, the price has room to rise significantly higher.
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