BTC Market weekly overview

We have been enjoying juicy weeks which fill up with pumps after pumps on BTC and the suddenly the momentum seems to be FADING this week, which direct major attention to how the week price will close.

The idea here is that if weekly candle failed to close above 8250 that will implies a potential HANGING MAN which is technically a sell signal.

Well its still too early to predict how the week candle close, but this will serve as a direction tools for the coming month.

TRADE PLAN:
If we close above 8250, then we have high tendency of reach 9600 where we have our immediate fib level.

But if we close below the proposed level and candle end up forming Hanging man that mean we have high potential for drop where the target will be 5300-5800 range.

I will keep updating this thread as market develop.

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I talk about BTC losing momentum yesterday here is the chart.

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Spotted some hanging man formation on 5days chart, this week ending will be very interesting.

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Great turn around for BTC as the weekly candle preparing to end, we have all the potential hanging man washed off. The Bullrun continues guys wait to long the pull back

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Potential Buy back zone is within 8000-8200 level

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There is no doubt BTC weekly candle will close sexy for Bull market, but this is how I intend to play it.

I prefer waiting for pull back on the important range we break today to go long.