FIBOCRYPTOCALL for 4/6/18

XBTUSD (Bitcoin)

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

Bitcoin is trading BELOW the 200 DMA @ 7731 for the past few trading days.

The 2/6 low @ 5922 holding seems to be where BITCOIN is headed.

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

A close above our first bounce @ 7749 is needed to buy which is above the 200 DMA.

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

BITCOIN daily chart