FIBOCRYPTOCALL for 4/12/18

XBTUSD (Bitcoin)

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

Bitcoin is testing the RISING 200 DMA @ 7821 today.

A 3 day rally is in the books and attempting a fourth UP day today.

The 20 DMA @ 7615 with the 200 DMA @ 7821.

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

The 50 DMA @ 8789 with our first long term bounce level @ 9129.

****I would NOT add to longs UNTIL it closes above 9129.

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