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FIBOCRYPTOCALL for 2/6/18

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 69% below that 19511 top. Bitcoin is trading below the 50 DMA, 20 DMA , 100 DMA and filled the 11/24 gap. Support? […]

By Market Rebellion · February 6, 2018
FIBOCRYPTOCALL for 2/6/18

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 69% below that 19511 top.

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

Support?

The 200 DMA @ 6277 was TESTED today and is attempting to bounce SOME with the 11/13/17 low @ 5605 below.

 

Bitcoin daily chart

Bitcoin daily chart Feb 6, 2018