Bitcoin [BTC] - The long view...

I hear some people talking about 6K not being retested. Just wanted to make clear that 6K support was established pretty solidly in November. It got to 6K over a month ago. Retests don't usually take that long but markets do have a memory, so that 6K support that was established in November, it is still there. Also, looking at the weekly, the more meaningful level is 8K. That one is the one being retested and building up more strength. That little wick on the dragonfly doji to 6K? Meh... It was always 8.1. IMO of course.

Just one person's opinion and no guarantees.

This information is for educational purposes and is not a investment recommendation nor to be representative of professional expertise, but to be used as a forum for opening discussions around trading. All examples and analysis used are for illustration purposes only, and of the personal opinions of the author. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading in crypto currencies can be substantial.