Price now at golden pocket (0.618) if this chart is right we are almost done with the short term correction. Bulls need to pump the price up very sharply soon( at a minimum of $400 pump for confirmation) and the beginning of a movement up to atleast 8250 -9k(optimistic target) invalidation below 6.7k if you arent in a position i recommend entering after full confirmation of the breakout (7580. stop at 7100) If 6.7 fails we will see 6.2(+/-200) before 7.8-8.2k