Short

Possible correction BTC/BRL

In black is the top and bottom. The three stars shows crossings between the different lines. In red is a suggested entry point. The fibo levels can also be used as entry points, but I suggest putting more in this red line, as the demand is very high and the price can still revert back to a bull run. In blue is a kind of "pool" before reaching the bottom, where it might find some resistance. This chart is not considering the impact of futures markets, only the current trends.
Trend Analysis

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