BTCUSD Waiting for Monthly candle break
BTC could have a big move in either direction. Since the end of the month is less than a week away, I believe it’s wise to wait for a break of the current monthly candle by the candle that hasn’t formed yet which is August’s monthly candle to break in either direction. Currently we have an inside monthly candle. That could change before the month finishes. The green lines represent what an entry would look like if the current monthly candle for July had already closed. Obviously it hasn’t so wherever it closes, you would put green entry lines on the top and bottom of the candle and take your entry on the break. Pink lines above and below represent possible targets.
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