Bitcoin Idea

Between the usual sunday night number go down and Blockfi entering bankruptcy...... I expected a little harsher fall. Certainly not out of the woods yet, more bad news may drop as the industry continues to shake out the troubled companies/bad operators/thieves.

I have charted out an idea here, a swing failure pattern seems possible with price swinging just ~$40 bucks and a stop of about ~$400. I'm not too keen on this entry mentally preferring it to be a little deeper when playing a 3rd time to an area swing but I am mechanically charting my trading plan here. It's rare I take a 3rd time touching a level without a bit of confluence/confidence.

Let's see how this goes and play it as it moves.