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BTC drop to 7500?

By Spectre-788
Updated
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. snapshot
BTCUSDChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis

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