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
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.
I don't think it can clear 6800 again to get above that 7450ish .... Baakt kickoff in November should certainly provide enough momentum to move up in those days. I'd like to see the damn thing hurry up and get the bottom over with, and without all the drama. Just hit bottom and move on already !