The XMR analysis in the coming days linked to bitcoin analysis Hello friend!
Technical analysis
Today we're talking about short cryptocurrencies investment strategy, i want you all know that the exchange is highly strung depended the United States election has started, i've watched all cryptocurrencies analysis, all analysts saying that crypto is nearby to fall down, but i'm actually against them, first this thing that happened to Bitcoin is depended on the price gap located nearby 10240$, i want you to know that is price correction, and monero is the clearest example who tells us that bitcoin will continue bull up, Monero price dropped down in the same time bitcoin dropped down, then monero price was continue to grow up while bitcoin was confined between 11080$ and 10155$, and as you all know that all cryptocurrencies charts is almost the same charts. My idea is telling you that bitcoin price will bull up not fall down, because bitcoin price dropped depended on the price gap and bitcoin will continue to rise depended that monero is rising right now, all this depended on that cryptocurrencies have almost the same charts.
Fundamental analysis
Another reasons that telling us about the big bull candle that will happen soon is the oil price, i you watch the whole exchanges, you will notice that low oil prices make bitcoin fall down, opposite for Dow Jones and Nasdaq exchanges, that telling us low oil prices is good for those Exchanges, before the weekend oil prices had a big bearish candle, and usually after bearish there is bullish, and depended on that bitcoin prices is linked to oil prices, it telling us that if oil prices will have bullish, it will be the same thing for bitcoin, one second reason is depended on dollar price index, the federal reserve had not enhanced the interests rate, that will affect the inflation of united states economy, and if there is inflation, it means that the demands on bitcoin and other currencies will rise compared on dollar index, dollar will get negative effected. a low dollar index means higher bitcoin prices.
But all those positive reasons will not have the ability to affect bitcoin if Trump can't resist corona, if this senatio happen, i think we will watch bitcoin continue confined between 11080$ and 10155$, and this will maybe lead to bearish in bitcoin chart.
