SUMMARY
Bitcoin (BTC) daily chart shows price to be sitting on the upper white trend line as support. This morning's update has stated that a temporary piercing of the support line would generate bull wicks and these could washout the weak hands. The daily MACD has the 12 day curling downwards and a clean cross could signal more down; but that has not yet occurred.
The Bollinger band's +/- 2 Std Dev bands show price to be sitting on the bottom band which coincides well with upper white trend line. A good support should be experienced. Let's see if the bands start diverging or not for the rest of the day.
I have updated the white arrow pathway to take into consideration the Bull Wick potentials.
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