After last year gains we are still in correction. I believe that we finished wave "A" and are going for the top of wave "B" (which top is hard to anticipate). Situation may be similiar to that from june-september 2017 (triangle formation with breakout at the end).
On smaller scale 4h chart, we are in wave "C" of smaller ABC correction, which also may be smaller wave "B" from bigger "B", but lets not make things more complicated.
I'm aiming for biggest support at 70.80 Fibonacci level, which is also former trend line (sligthly broken by wave "A", when BTC dropped by 20% as I remember correctly).
On daily MACD is facing downtrend and RSI can fall below 30, which looks like that will be trend line level. We will see.
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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