Bitstamp: #BTCUSD Analysis

Observing where the #BTCUSD is likely to bottom. The wedge in the chart shown maybe diverted to be something totally different in the coming couple of months. For now, however, the support and resistance boundry lines are valid till proven otherwise. current support zone 5,500 - 6000 but no #entry should be made before #downtrend confirmed turnaround.

I really need to note that as a #trendfollowing trader, I follow the trend after it is confirmed/valid. Prediction for the sake of thinking only and not to overanalyze the situation.