CRYPTONAIRE WEEKLY MAGAZINE 196TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATESThe total crypto market capitalisation topped $2 trillion on August 14, the first time since mid-May, according to data from coinmarketcap. That was followed by Bitcoin rising above the psychological barrier at $50,000 on August 23. Both these events have improved sentiment and analysts are predicting a Bitcoin rally above$100,000.
PayPal announced on Monday that it will offer crypto services to residents in the UK starting this week. Users will be able to buy, sell, and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through a new crypto tab on their PayPal account, both via the app and the website. This move by PayPal will further improve the penetration of cryptocurrencies.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE GSX-GOLD-BACKED TOKENS FOR SECURITY AND PROFITS, GET LOANS IN FIAT WITH YOUR CRYPTO, HERE’S HOW MELD IS ADDING A NEW DIMENSION TO DEFI, DIRTY FINANCE: A PASSIVE INCOME WITH HENTAI NFTS ON TOP OF REDISTRIBUTION!, CONNECTING MUSICIANS, ORGANIZERS AND FANS, BEATBIND IS SCRIPTING THE FUTURE OF MUSICAL EVENTS, WHAT’S MAKING INVESTORS EXCITED ABOUT GAIN PROTOCOL’S STATIC REWARD TOKENS? & UNLOCK YOUR OPPORTUNITY TO EARN PASSIVE REWARDS WITH ALOHA’S REVOLUTIONARY DEFIcECOSYSTEM
We had mentioned in our earlier analysis that Bitcoin may rise to £36,000 and then to £38,000 if it sustains above £31,005 and that is what happened. The BTC/GBP pair rallied to £36,999 on August 23. Traders who had purchased on our earlier recommendation may book profits on 75% of the open positions and trail the rest with a stop-loss below the 20-day exponential moving average (EMA).
The pair is likely to face stiff resistance at the 61.8% Fibonacci retracement level at £36,834.35 and then again at £38,000. If the price turns down and breaks below £35,280, the pair could decline to the 20-day EMA.
A strong rebound off this support will suggest that the trend remains positive and the bulls will then again try to resume the uptrend. A breakout of £38,000 could open the doors for a rally to £42,500. The first sign of weakness will be a break and close below the 20-day EMA. Such a move will suggest that traders are closing their positions and supply exceeds demand. The pair may then decline to the 50-day simple moving average (SMA).
Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition:
- GSX
- CryptoArena
- COLCIAR AND BUDA HOLDINGS
- PYLON
- MELD
- Radiologex
- Neftipedia
- BeatBind
- Mining Tech
- Gain Protocol
- Aloha DeFi
- Dirty Finance
Read More
CRYPTO TRADE OPPORTUNITIES
PayPal Rolling Out Crypto Trading in the UK This Week for BTC, ETH, LTC, and BCH
Institutional investors bet big on Solana while BTC outflows persist
CryptoPunk NFTs Break Sales Record as Visa Sparks Buying Frenzy
JPMorgan, Wells Fargo Move To Launch Bitcoin Funds in Collaboration With Crypto Giant NYDIG
REAL ESTATE IS BEING DEMOCRATIZED AND GENIUX IS LEADING THE WAY
MININGWATCHDOG SMARTCHAIN MSC ERC20 TOKEN ANNOUNCES IMPENDING PRE-SALE LAUNCH
GET LOANS IN FIAT WITH YOUR CRYPTO, HERE’S HOW MELD IS ADDING A NEW DIMENSION TO DEFI
DIRTY FINANCE: A PASSIVE INCOME WITH HENTAI NFTS ON TOP OF REDISTRIBUTION!
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