$BTCUSD - Watch the Monthly close

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.

Just a quick update on COINBASE:BTCUSD , on the Monthly timeframe . As I discussed in todays COINBASE:ETHUSD update, BTC has not closed above $9340 in 9 months. The upcoming monthly close (2 days & 17 hours from the time of writing this update) will tell us a lot about where the corn wants to go.

Previous failed attempts at closing above $9340 have resulted in drops to the $6300 and even $3700 region. The last time we did close a month above $9340, we saw the corn fly as high as the $13,000s.

Essentially, whether we close above or below $9340 is a big deciding factor for the coming months. Be sure you watch it closely.

Good luck traders.

- Jelle
Trade active: Closed above $9340. Long it.


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