tired_man_willis

BTC 4hr on the .61 Fib Retracement

Short
BITSTAMP:BTCUSD   Bitcoin
BTC has hit that .61 on the Fib Retracement.

If we can hold here that would be great and an ideal area for us to consolidate at.
If not, we can see $8k followed by $7.5k.

However, there is also the possibility of forming an Inverted Head & Shoulders pattern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.