BTC is in big triangle formation. Currently falling wedge is what we are aiming for. After smaller 5-wave movement, another ABC correction has started, and is aiming toward 2 Fibonacci lines: 70.80 and 78.60. Currently we bounced-off from 70.80 support line and are going slithly higher. BTC may go as far as $7.900 to upper resistance vedge line, but after this another drop may happen. I'm personally aiming for 70.80 level as it's the biggest support, both, by fibonacci lvls and triangle line.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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