FIBOCRYPTOCALL for 4/11/18

XBTUSD (Bitcoin)

The downtrend continues while some bounces can come along the way.

Bitcoin is trading BELOW the RISING 200 DMA @ 7794 for some time now.

A 2 day rally so far…

The 2/6 low @ 5922 seems to be holding so far.

If the 5922 level fails to hold, our overshoot level @ 4538 below.

The 20 DMA @ 7642 is now below the 200 DMA @ 7794.

A close above the 200 DMA is needed to buy ANY.

Long term oversold signal is back in place at this time.

BITCOIN DAILY CHART