FIBOCRYPTOCALL for 1/31/18

XBTUSD (Bitcoin)

Bitcoin has trended lower since the 12/18/17 high @ 19511 and we are looking for that trend to continue.

The falling 20 DMA @ 12405 and the rising 50 DMA @ 13330 are both above.

A close above the 50 DMA and 20 DMA is needed to get traders long again.

Bitcoin looks poised to take another leg LOWER shortly so watch these levels below.

Bitcoin bottomed @ 9582.86 so far today, just above the 100 DMA @ 9464.

our next support @ 8886.82 (.764 level) below.

The 11/24 gap @ 8249.34 with the 11/13/17 low @ 5605 and the 200 DMA @ 6061