Short
BTC correction
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. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.