BTCBRL Trend

Updated

The market today is different from what it was during the last "all time high", but we may be closing in another price correction according to previous trends. I just don't think the fall will be so hard. Bitcoin has been proving to be stronger than mainstream media advertises.

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Spot on.

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Similar pattern as before.

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The pattern holds.

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Comparing FOXBIT:BTCBRL with BITSTAMP:BTCUSD.

2017-09-01 BTCBRL=18190 USDBRL=3,1479 BTCUSD=4836 BTCBRL/USDBRL=5778 Spread=19%
2017-10-15 BTCBRL=17943 USDBRL=3,1626 BTCUSD=5556 BTCBRL/USDBRL=5673 Spread=2%

Probably the correction was necessary for BTCBRL but not for BTCUSD.

claudiohfg

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