Bottom line. I expect a retracement on bTC maybe: 4-10%.
We look to layer in buys 8000-8100 and below 8 if it does test that level.
I'd say probability of this retracement this low is below 50% given how support has kicked in recently but that's our targets.
I do expect support to kick in and then to continue on an upward movement. After this retracement I'd expect to see large capital support, something I haven't seen when closely watching price action the last day or so.
For more information my methods check out my signature. Hope adding that doesn't get a warning from the moderator if it does then I'll just start doing these to a more friendly platform.