Cryptocurrency
FIBOCRYPTOCALL for 2/12/18
XBTUSD (Bitcoin) “Bitcoin has the 12/18/17 high @ 19511. Bitcoin tested the 200 DMA on 2/6 and has been making higher lows since. Up so far again today, BUT our first bounce level @ 9129 and MUST close above to BUY SOME or the downturn can come again. The 20 DMA @ 9854 is getting […]
XBTUSD (Bitcoin)
“Bitcoin has the 12/18/17 high @ 19511.
Bitcoin tested the 200 DMA on 2/6 and has been making higher lows since.
Up so far again today,
BUT our first bounce level @ 9129 and MUST close above to BUY SOME or the downturn can come again.
The 20 DMA @ 9854 is getting closer to crossing BELOW the 100 DMA @ 9820 which can be bearish.
If you bought some below 7000, I would look to take some off into the 9120 test.
***A close above 9129 is needed to look for our selling zone @ 12716-14320 to be tested.

