Quick BITCOINUpdate - Found support and now waiting

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Quick BITCOIN Update - Found support and now waitingBitcoin all time history indexINDEX:BTCUSDOrriginal Main chart is DAILY timeframe and 2 SMA, The 9 SMA is Orange and the 14 is Green. PA found support yesterday on the Red 0 line of the Ascenfing channel. I cannot help looking at what happened the last time we found support on thisl ne after a fall back down to it. Thsi is not guaranteed to happen and so I do suggest a level of caution. The SMA's are coming down in a slightly different way and so this could point towards a little less confidence. The Daily MACD MACD line ( Yellow) has retrned to Neutral and, for the moment, the 2 Red Histogram candles are the same size. This is unlikely to remain the case, Fridays usually see a Push higher form DXY , to end the week on a positive. This depends on a few things this week DXY has room to push higher should the right circumstance arrive and this can unsettle BTC, though I will be surprised if we loose support on the RED Zero line of Channel, it can happen,,,,so, again, Caution. The 4 Hour Chart BTC PA has a choice now, to break back over the 9 SMA or Get pushed below that line of Support. We obviously do not want to loose Support. PA could Range along support, Low until Sunday. 4 Hour VWAP RSI Approaching Over SOLD on the 4 hour could provide a level of Support to hold PA where it is for a while. Over all, PA has the ability to push high again and this depends on Market sentiment. The recent Drop was controlled and so PANIC does not exist but some people may be upset. We need to wait and see how today ends up