Divergence CMF up - BTC down . The destination has to be up ....

Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

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but if BTC keeps dropping ,\we could be looking at 6357 to be a possible bounce area. if that fails cut losses and exit as 58xx could be coming up

Kommentera:

This has to be a bear trap and .BTC has got to be moving up ...The CMF divergence shows BTC is being accumulated as the daily CMF values have not dropped since sept 24th and hav been steadily increasing.

If BTC is really going down the daily CMF pattern has to be heading downwards and not upwards.

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