FIBOCRYPTOCALL for 2/2/18

XBTUSD (Bitcoin)

We have mentioned for some time that “Bitcoin has been trending lower since the

12/18/17 high @ 19511 and  we are looking for that trend to continue.”

The falling 20 DMA @ 11681 and the rising 50 DMA @ 13347 are both above.

Bitcoin has taken another leg LOWER with the 100 DMA@ 9565 now above.

The .764 retracement level @  8886.82

The 11/24 gap @ 8249.34 has been FILLED today.

The 200 DMA @ 6223 with the 11/13/17 low @ 5605.

BUT wait, there is MORE.

Our VERY long term bounce zone @ 9835.69-7552.31

Bitcoin can attempt a short term bounce IF the 7552 level can HOLD.

Bitcoin daily chart

Bitcoin monthly chart