Short

BTC correction

Updated

If BTCBRL is in any way a proxy to BTCUSD, we are seeing a correction that may set BTC value back to $4500 values, considering USDBTC ~ 3,15. The pattern is very similar to what happened 45 days ago. By that time, it was FUD, this time, it is probably the hardfork.

Note

Note

45 days ago, BTCBRL had a spread of nearly 20% over BTCUSD. So it is safe to assume that this new correction will be smoother and will have lower impact on current price level.

Note

4H BITSTAMP:BTCUSD indicates that the correction may have reached its bottom. As everything bitcoin, nothing is certain.

claudiohfg

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BTCBRL Trend

by claudiohfg

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