Daily Bitcoin Journal
Swing failure pattern, 7k target
Bitcoin came and touched very important weekly zone around 9k but did not close inside zone, instead wicked away on high volume.
On second retest of this zone btc closed lower on the daily and 4 hour charts. Good shorting opportunity when we see this happen.
As I write this bitcoin has broken below key 8k level with potential for 7k, however large buying volume creating big wick below this key monthly level near 8k.
Bitcoin came and touched very important weekly zone around 9k but did not close inside zone, instead wicked away on high volume.
On second retest of this zone btc closed lower on the daily and 4 hour charts. Good shorting opportunity when we see this happen.
As I write this bitcoin has broken below key 8k level with potential for 7k, however large buying volume creating big wick below this key monthly level near 8k.
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