Bitcoin - my bull/bear indicator is flickering. The current monthly candle keeps flipping red to green, back to red, back to green.
The monthly close matters. If we close red in November, Iβll officially change my narrative and strategy.
What changes:
My stack stays untouched. Trades still run with TP and SL.
I stop buying pullbacks and stop posting a bull bias here.
I wait for BTC to break below the weekly EMA 200.
I wait for RSI to drop below 30 on weekly and 40 on monthly.
Then Iβll go back in aggressively, like I did in Q3βQ4 2022.
But weβre not there yet. One step at a time.