BTCUSD retracement

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD looks like it might be putting in a wave 2 ABC retracement.

A bearish head and shoulders has formed indicating a minimum low that falls to around the 0.618 retracement level for the wave 1 impulse from $6k.

A deeper retracement is still possible, to around the $7k point, as of course is the possibility that this is the C wave of the much larger ABC correction from the all time high which would put us down in the $3k-$4k area.
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