- BTC will drop lower than the green line arrow at 6500 indicating the climb up is terminated,
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 .
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 .