GC (GBP/CAD) Flat Top 4hr (GBP/CAD) formed Flat Top 4hr, momentum stochastic is overbought, momentum squeeze hope to form red bar, vwap still not in overbought zones.
watch out for day range etc.
Stochastic Momentum Index
BTC 1h still has momentumDear 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.
