mycotoxin

BTC -Accumulation's occurring hence this sucker has to move up

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Accumulation in the CMF area normally indicates the asset will moving upwards.
Oct 01
Comment: yeah i said it ,,,"this sucker has to move up !"
Oct 01
Comment: as long as the CMF is moving up ..BTC is going to move up . When BTC is heading down the CMF will let us know by turning downwards . This has not happened yet so the direction still is up
Oct 01
Comment: How can tell if the upward movement is failed ?
- BTC will drop lower than the green line arrow at 6500 indicating the climb up is terminated,
Oct 02
Comment: EXit if BTC drops lower than 6500 as threes a head and shoulders downwards in this area
Oct 02
Comment:
Oct 02
Comment:
Oct 02
Comment: The CMFstill remains positive and the divergence points to pending upward movement - But if BTC drops below the pink line ill probably head to FIAT.
Oct 02
Comment: To drop past that pink line BTC will have to drop lower than 6520
Oct 02
Comment: Hmm ,,,,,This has to be a bear - trap
Oct 02
Comment: hows the CMF going up i the price is dropping ? its just not making sense
Oct 02
Comment: stop loss triggered and exiting this trade - next area for a possible bounce 6450 .
This has got to be a bear trap as the CMF is moving up while BTC is dropping.

If BTC is really dropping to the pits the CMF moves in the same direction and not opposite as its doing currently .
Oct 02
Comment: I giot bored and jumped back in ..we're done with 64xx ,,now lets see if we can make it back to 66xx foir starters
Oct 02
Comment:

The still maintains the divergence indicating pending upward movement,
and the question is - How far will BTC have to drop before this upward movement kicks in ?

it does appear BTC can drop further to the upper 63xx area as the green support line was broken and there are no outstanding reversal candles present .
Oct 02
Comment: The areas to watch now for a possible bounce upwards will be the 6440 area and the 6330 area
Oct 02
Comment: im not overly bearish but ..a head and shoulders formation in a descending triangle ?

Oct 03
Comment: The CMF ( money flow ) has also started to drop ..

Oct 03
Comment: Continuation Head and Shoulders down..

Just need people to realize sideways movement doesn't always mean accumulation for move up.
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Oh well. Can't be right all the time. : )
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Pure pain to watch on the minute candles
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i can only imagine that if that happens Ripple might go bananas.
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mycotoxin omnirealm
@omnirealm, yes it would head to a dollar ,,,hopefully BTC makes a direction decision this decade.
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You were right! Damn good call!
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mycotoxin omnirealm
@omnirealm, ....Still has to break past that pink line with avengeance..

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Sc084667 omnirealm
@omnirealm, What was right? I see us in the same spot.
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