BITCOIN 5500K-6000K-6500K and now 7000K support

27 May 2018

BTC daily view, RSI settings on 11 i have found to be a good indicator for me when drawing trend line in the RSI indicator. Its showing a perfect falling wedge but the problem is that its broken down the support as you can see. Now i am expecting the next support to be the one below that running from 12-11-17 5500k-6000k-6500k and now the next target would be around the 7000k. By using Bitfinex has showed a perfect line accross using log chart. The SMMA 200 on daily had been a good indicator in the past acting similar to a support since 2011 all the way to now. To my own opinion if this support breaks down i am expecting a fall to around 5800k-4400-2800k for the next support levels. I am happy to be wrong in my charting, any advice would be great, thanks