Will Bitcoin hold $16000-Falling knife or Swing failure pattern?

BTC1! BTCUSD.P BTCUSDT
Will Bitcoin hold $16000-Falling knife or Swing failure pattern?

Is taking a long trade here a good idea or will we lose $16K?
I look at price action as it happens and what levels to look out for if we lose $16000. If this is a Swing Failure pattern playing out, I explain how I will trade it

Not Financial advice
Trade with paper money before using real money.

Safe trading!
Shawn