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Spectre-788

BTC drop to 7500?

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Bitcoin (BITFINEX:BTCUSD)  
Spectre-788 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Cryptocurrency BTCUSD
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trendanalysis chartpattern indicator cryptocurrency btcusd
BTC looking a little streached out (as evident from the doji candle on daily TF). The indicators are hovering in the over bought zone suggesting a possible retrace to 7400-7650 support zone. This would also validate a possible inverted H & S pattern.

Disclaimer- This is not a trading advice, just an idea. Good luck!
Comment:
The price went up to ~9800. Now it's going through a correction. Looking for the 8500-8600 support zone . If it goes below that , we can expect to find support at 7900-8100.
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