Cryptocurrency
FIBOCRYPTOCALL for 1/25/18
XBTUSD (Bitcoin) Bitcoin has trended lower since the 12/18/17 high @ 19511. Bitcoin is still below the rising 50 DMA @ 13125 and the falling 20 DMA @ 13164. A close above the 50 DMA and 20 DMA is needed to get short term traders long again. Bitcoin looks poised to take another leg LOWER […]
XBTUSD (Bitcoin)
Bitcoin has trended lower since the 12/18/17 high @ 19511.
Bitcoin is still below the rising 50 DMA @ 13125 and the falling 20 DMA @ 13164.
A close above the 50 DMA and 20 DMA is needed to get short term traders long again.
Bitcoin looks poised to take another leg LOWER shortly so watch these levels below.
The 100 DMA @ 9203 with our next support @ 8886.82 (.764 level)
The 11/24 gap @ 8249.34 with the 11/13/17 low @ 5605 and the 200 DMA @ 5963