FIBOCRYPTOCALL for 4/13/18

XBTUSD (Bitcoin)

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

Intraday above the 200 DMA @ 7848 today , but can it close above?

A 4 day rally is in the books and attempting a 5th UP day is a row today.

The 20 DMA @ 7597 with the 200 DMA @ 7848 are both below as of NOW.

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

The 50 DMA @ 8772 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.

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

BITCOIN daily chart