The monthly close is looking very bullish. We have just over an hour to go until the monthly close, and right now, it is looking like the strongest level of HTF reversal pattern you could find. And the monthly timeframe is the strongest timeframe you could ask for a reversal on. If we break it down, we have: - June candle hitting major support at $58,000 - July candle printing a morning star - August candle strong reversal with higher higher(as it stands) As far as HTF reversal patterns go, it doesn't really get more bullish. We can see that within every other major bottom, the monthly making a higher high for the first time, alongside the monthly RSI reclaiming 50, has confirmed the low. We could still drop over the next hour and close below. Price would need to go below $76,400, and if that happened last minute, it would be v bearish. But as it stands right now, it doesn't seem to be going that way. Will update in an hour once its locked in.
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