ANALYSIS OF DOMINANCE USDC.D / USDT.D AND BTCUSDT cryptocurrency💁♂️HI Everyone
This analysis is a bit a different in DAILY Timeframe .MY two analysis are posted together .
✳As you can see, since November 2021, the price of Bitcoin has been falling for more than 1 and a half years, and the dominance USDT.D / USDC.D has been accompanied by an upward trend.
🟠 In the month of JUN18.2022, due to the positive reaction to the range of 17,600, the price of Bitcoin has been accompanied by fluctuations for 5 months until the price range of 25,000 thousand dollars, as well as the Dominance
🔴 The scenario that was considered, the Bitcoin price from the time range of November 9/11, 2022, was determined to be accompanied by movements and the price corrected as expected. Currently, the market's intended scenario is to continue its downward trend in the long term, at least until 2023. 💹
⚪️ On November 8, due to the news of the American elections, the dollar index grew with the correction towards gold , but the crypto is still corrected. The most important news is the possibility of the collapse of the FTX exchange, which is one of the best exchanges. Binance asked for help: cz announced that the exchange will be the buyer and for this reason some cryptocurrencies are pumped temporarily.
🟡The important news of this month are very important, even the market trend may change, manage the transactions carefully. Consider all aspects.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
