BTC falling wedge and critical support zones

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
According to my TA, it's unlikely to see a close of the daily candle under 5,5k USD, but the candle wick could easily pierce down toward the 4k USD range, where huge buying volume will likely flood in.

Future cloud is bearish .

Healthy signs to keep an eye on: 200 EMA breakout; Cloud test; Ichimoku Base Line hit; Kumo breakout.

Once the bear market ends, the recovery will likely be slow, with the price ranging between the 200 EMA and the cloud.

Every feedback is highly appreciated.


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