Topic: The #1 CRYPTO TRADING MAGAZINE - 187TH EDITION IS OUT NOW

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CRYPTONAIRE WEEKLY MAGAZINE 187TH EDITION IS OUT NOW

The #1 CRYPTO TRADING MAGAZINE





WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES

Bitcoin bears are having a field day and are latching on to every bit of negative news to intensify selling. One of the reasons highlighted is the crack down on the Bitcoin miners by China. This has resulted in a sharp drop in the Bitcoin hash rate to an 8-month low. While this may affect Bitcoin’s price in the short term, analysts believe it will be a major positive in the long term as Bitcoin mining will shift to more crypto-friendly geographies.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE HOW LEDGER NANO X CAN PUT YOU IN CONTROL OF YOUR CRYPTOS, AABB GOLD TOKEN – A LESS VOLATILE INVESTMENT WITH GOLD BACKED CRYPTO!, & POINTPAY INVESTING IN THE FUTURE OF GLOBAL CRYPTO

Last week, we had advised traders to book profits on 50% of the positions bought at lower levels because a new uptrend is unlikely to start in a hurry. This turned out to be a profitable exercise as Bitcoin turned down from £29,350 on June 15.

The 20-day exponential moving average (EMA) failed to act as a strong support when the price turned down from £29,350. This shows the sentiment remains negative. The failure of the buyers to defend the £23,620 support is another sign of a lack of demand at lower levels.

However, the relative strength index (RSI) has formed a positive divergence, indicating the selling pressure has reduced. The bulls are likely to defend the £23,620 to £21,000 support aggressively. If buyers can drive the price above the 20-day EMA, the BTC/GBP pair will continue its consolidation between £21,000 to £31,005. Contrary to this assumption, if bears sink the price below £21,000, the selling could intensify and the pair may drop to £15,000. Long-term investors may start to accumulate on dips. They can buy 30% of their desired long-term purchase at the current level.

Short-term investors may buy if the next dip again rebounds off £21,000.

The stops can be placed just below the support. Long positions should be avoided if the next drop cracks the £21,000 level.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Featuring in this weeks Edition:

- The Coop Network

- Asia Broadband

- Amber Group

- Ledger

- PointPay

- World Mobile Token

- Close Cross

- Wasder

Read More
CRYPTO TRADE OPPORTUNITIES

Grayscale Investments consider new crypto trusts, including Polygon and Solana

Ethereum Transaction Fee Revenue at Lowest Level in a Year

Venture Capital Funds Have Already Invested $17 Billion in the Crypto Market This Year

Bank of Israel deputy governor confirms digital shekel pilot is underway

A MUST SEE LEVERAGE-FREE DECENTRALIZED TRADING SOLUTION – CLOSECROSS

WORLD MOBILE TOKEN LOOKS TO RAISE $40M IN CARDANO-BASED NATIVE TOKEN SALE

THE COOP NETWORK – BLOCKCHAIN TECHNOLOGY AT WORK

HOW LEDGER NANO X CAN PUT YOU IN CONTROL OF YOUR CRYPTOS

AABB GOLD TOKEN – A LESS VOLATILE INVESTMENT WITH GOLD-BACKED CRYPTO!

POINTPAY INVESTING IN THE FUTURE OF GLOBAL CRYPTO

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CW - Website Work
https://www.platinumcryptoacademy.com/cryptonaireweekly/edition187/22nd-june-2021/