Weekly reviews

BTCUSD market technical outlook

Weekly chart:

Trending bearish distribution of the market continues in direction of the fantastic (for new bitcoin reality) handle 1732.40. The key support for the coin is the psychological level 3000.00, which is very likely to get broken by sellers, that is indicated by trending ADX.

Expectations:

Continuation of decline in direction 1732.40.

Trading recommendations:

Short-trades towards 1732.40.