BTC play - reversal range $5550 to $5400

Dear all,

Here is the setup I am following on BTC.

I think that like during the first correction from $19,900, we will have a wick downward outside the falling wedge to touch support before breaking upwards.

Chart analysis is based on:
- Fib level
- Chart patterns
- Fractals
- Support & Resistance
- Trendlines
- RSI

I expect reversal to take place in the $5,550 to $5,400 range.


All the Best from the Crypto Space
Alteroc

Trade active:

After reworking the fib levels from back to 2013, $5,700 can play an important role.

I still think $5,400 will be the key level, however $5,700 is the next in line for now.

Comment:

Potential Diamond bottom on the 4h