FIBOCRYPTOCALL for 2/5/18

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.”

Bitcoin is now trading below the 50 DMA, 20 DMA , 100 DMA and filled the 11/24 gap.

Support?

Our VERY long term bounce zone @ 9835.69-7552.31

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

The 200 DMA @ 6254 with the 11/13/17 low @ 5605 below.

BITCOIN daily chart