FIBOCRYPTOCALL for 4/5/18

XBTUSD (Bitcoin)

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

Bitcoin has been trading BELOW the 200 DMA @ 7711 for the past 6 trading days.

Traded below the 3/30 low @ 6594 today with the 2/6 low @ 5922 holding so far.

If the 5922 level fails to hold, our overshoot level @ 4538 below.

A close above our first bounce @ 7780 is needed to buy which is ABOVE the 200 DMA.

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

BITCOIN daily chart