UnknownUnicorn2547327

BTC 1h still has momentum

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Dear day traders,

RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope.

Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now.

I am closely watching 8400 resistance and 8100 support level . If we see a bull break the next test levels would be the previous 8600 and then 8900. Otherwise 7800 should be our next resistance, but if we form a higher low (higher than 7800) this would look very bullish , at least on an hourly perspective.

I will update as soon as I wake up tomorrow.

Just my 2 cents. Hope you guys find it helpful.
Comment: This bull flag has been looking very promising. As soon as we break 8400 the price will surge above ~8600
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