onwardbtc

Monthly Close is Near. Retest or more down?

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
So the monthly close is in about 10 hours. We can already have a look at the monthly right now. Sure there can be a lot of things happen during 10h but let's check what we already have:

So we broke out of resistance in July and went a bit higher in August (12500). In September as expected we went down but not that far that I would like (9800). Since then we formed a wick to the downside and the picture gets a bit clearer now: This looks like a retest of previous resistance (yellow box). If we manage to close the monthly IN the box I lean more to the bullish side with a possible target from the previous month (12500) or even higher to last year's high (14000).
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Comments

i am not sure with spinning top candle and confirm red candle.
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ThanksForSharing
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onwardbtc PolarHusk
@PolarHusk, You're welcome
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I agree, we are currently testing a very strong support level from a monthly perspective :)
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onwardbtc transparent-fx
@transparent-fx, Exactly. But still some hours to go ;)
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