Bitcoin Weekly closes as a Bearish Hanging Man Candle

Last week's candle closes as a Bearish Hanging Man. This same setup recently led us from $10k area to below $8k. Price has rejected multiple times from the 0.5fib and looking to head lower to the 0.618fib($7246.) Will wait for confirmation on lower time frames or this weeks weekly candle to close to enter a short.

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Trade closed: target reached:

Only a few days into the week and price already fell off the table and reached our target of the 0.618fib. Trade was entered on lower timeframes when price rejected from the Daily 21EMA multiple times. Check my RELATED IDEAS below for more details.