๐ช BITCOIN DOMINANCE Update ๐Jul 21 , 2022๐
HEY traders, what's going on today ?! ๐
Let get started to reanalyze the bitcoin dominance!
In the last analysis that I had for BTC .D, I expected more increase for Bitcoin dominance , but it returned back exactly at VG zone and according to my downward scenario.
today as we can see it already has reached the major support zone, and can start to rise over here , and as you know recently bitcoin's price has jumped while its dominance almost hasn't have any significant increscent , so if bitcoin want to maintain its current uptrend movement , its dominance should increase gradually in the next weeks , but otherwise the current growth isn't really reliable and can causes btc to fall again and see the lower prices . if the btc.d loses the current support zone the situation gets worse and can see prior lows again .
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
Let get started to reanalyze the bitcoin dominance!
In the last analysis that I had for BTC .D, I expected more increase for Bitcoin dominance , but it returned back exactly at VG zone and according to my downward scenario.
today as we can see it already has reached the major support zone, and can start to rise over here , and as you know recently bitcoin's price has jumped while its dominance almost hasn't have any significant increscent , so if bitcoin want to maintain its current uptrend movement , its dominance should increase gradually in the next weeks , but otherwise the current growth isn't really reliable and can causes btc to fall again and see the lower prices . if the btc.d loses the current support zone the situation gets worse and can see prior lows again .
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
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