minson

BTCUSD on Monthly Chart. How much red?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
On a quick look we can see that the raise of BTC             was so high out of BB and way overbought on RSI that it was expected to go down a lot. On monthly chart, BTC             just hit the 0.618 fibb level but there is no sign of great support here. A stronger support seems at 0.786 fibb level at around 4300. If BTC             drops to that level we might see it raising again in March.
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