It seems that this support was establish at 7787 with Fib level .618 using hourly data over the last 24 hours. Analytic charts are included so this is not just hunches. This is actual data from a real crypto exchange!

 

Remember I use Kraken data where this is Bitcoin against the US Dollar. The charts are in the post. Let me know what you think of this analysis.

 

https://quantlabs.net/blog/2019/05/bitcoin-charts-shows-support-at-7787-but-recent-momentum-goes-negative/