FIBOCRYPTOCALL for 4/20/18

XBTUSD (Bitcoin)

The long term downtrend continues while some bounces coming along the way.

Bitcoin closed above the 200 DMA on 4/13/18 and has held above SO FAR.

Above both the 20 DMA @ 7458 and the 200 DMA @ 7994.

The 50 DMA @ 8792 with our first long term bounce level @ 9129 are above

Bitcoin seems poised to trade higher BUT

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

11113 is our next level with the selling zone @ 12716-14320

A CLOSE back below the 20 DMA to exit short term longs.

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