FIBOCRYPTOCALL for 4/2/18

XBTUSD (Bitcoin)

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

Bitcoin closed BELOW the 200 DMA @ 7644 last week with the 6594.03 low on 3/30.

The  2/6 low @ 5922 has held so far.

A close above our first bounce @ 7792 is needed to buy which is ABOVE the 200 DMA.

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

BITCOIN DAILY CHART