Quick Bitcoin Daily Uodate- Bounce possible now.Bitcoin all time history indexINDEX:BTCUSDOrriginal We reached down to the lower line of channel, as mentioned in previou posts. In fact, we did this twice over 3 days and, as a result, we have created a possible Double bottom on a 4 hour chart We will look at that in just a moment The Daily chart shows PA under a line of resistance and PA getting Squeezed by a rising line below, which is the -0.25 of the rising Channel we have been in for a while The Apex of that Channel is 29 - 30 October.... The FED Rate decision is on 28th PA usually reacts BEFORE the Apex. Daily MACD MACD ( Yellow ) is below Neutral and continuring to fall But note how the change in Histogram Bars are Minimal, This tells me the Bulls are still in control and we are most likely just waiting for the FED on 28th Daily VWAP RSI RSI still falling and as a result, has more strength when the Bulls decide to step in. 4 Hour charts Here we see that Duble Bottom I mentioned. While this is on a low timeframe chart, It can be used to push higher and this is what I am expecting will happen in the next few days As you can see ,that Orange 9 SMA is what we need to break over and then the Green 14. After that the RED Zero line of channel needs to be turned into Support. 4 Hour MACD This is showing how PA is at Decision time and we will see the Result when that yellow MACD line either crossed BULLISH over the Red Signal line or it gets rejected and we Drop lower. 4 Hour VWAP RSI This is once again, back in OverBought and so has more room to move higher than lower However we can range here and that would see PA just ranging But PA is heading to that Squeeze I mentioned above Caution is Good, VERY GOOD if you are Levereged. Or, we just lean back and wait with Spot trades