FIBOCRYPTOCALL for 4/23/18

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 @ 7508 and the 200 DMA @ 8028.

With a gap higher today above the 50 DMA @ 8793 now has our first long term bounce level @ 9129 is above.

**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 50 DMA to exit short term longs.

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

BITCOIN daily chart