Key points of interest:
1. Support line currently highly speculative we can, however, see that a retrace to $7500 is a of the pump.
2. Bounce from support will see us move to the .618 fib from the breakdown. Which also coincides with the long-term log support and is bound to give btc some grief.
3. The kicker... the is also wedging up rather nicely the peak is likely to be around the same time as btc reaches the log resistance.
Short: $8400 - $8700
TP1: Bottom of $6600
Rising wedge in a rising wedge...
12hr STOCH at this point has broken out also indicating the move down is in progress