CRYPTONAIRE WEEKLY MAGAZINE 186TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
Bitcoin rose to its best level since May 21 on the back of several favorable news reports. The recovery started following a tweet from Tesla CEO Elon Musk who said the company will start accepting Bitcoin payments again after crypto miners use “(~50%) clean energy” with a “positive future trend.”
The sentiment improved further after billionaire hedge fund manager Paul Tudor Jones said he likes “Bitcoin as a portfolio diversifier.” Tudor Jones also advocated investing “5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities,” while speaking on CNBC on Monday.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE AMBER GROUP – CRYPTO OPPORTUNITIES IN A YIELD-STARVED WORLD WASDER – BRINGS GAMING COMMUNITY TO A WHOLE NEW LEVEL, & ROOCOIN – CHARITY-ORIENTED TOKEN FOR A GOOD CAUSE!
We had advised traders to buy 40% of the desired allocation in Bitcoin on a bounce off £21,000. Traders got that opportunity on June 8 when the price rebounded off£21,952.65. Those who bought the dip are already sitting on profits.The BTC/GBP pair is unlikely to start a new uptrend in a hurry. Therefore, traders should book profits on their gains and again attempt to buy at lower levels. About 50% of the position may be closed at the current level and the rest can be held with the stop loss at breakeven.
The 20-day EMA has started to turn up and the RSI has risen into the positive territory, indicating that the selling pressure has reduced. The pair may now rally to the 50-day SMA, which is likely to act as a stiff resistance.If the price turns down from the 50-day SMA, the pair could drop to the 20-day EMA. A strong rebound off this support will suggest that the sentiment has turned bullish and traders are attempting to buy on dips.
A breakout and close above the 50-day SMA will clear the path for a stronger recovery that may reach the 61.8% Fibonacci retracement level at £33,902.53 and then £38,000. Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that traders are squaring their positions on rallies.
That may result in a few days of range-bound action.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition:
- Wasder
- Asia Broadband
- Amber Group
- Gaugecash
- RooCoin
- Starter
- Somee
Read More
CRYPTO TRADE OPPORTUNITIESBerkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank
Bitcoin Surges Above $41k — MacroStrategy, PTJ, FOMC Meeting, BCIE ‘Adopting BTC for Legal Use’
Goldman Sachs Plans to Start Trading Ethereum Options, Futures
Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
WEREWOLF EXCHANGE – A DEFI ECOSYSTEM WITH DEX, NFT, AND WEREWOLF RAFFLE
ASIA BROADBAND (AABBG): THE 100% GOLD-BACKED TOKEN FROM A US MINING COMPANY
AMBER GROUP – CRYPTO OPPORTUNITIES IN A YIELD-STARVED WORLD
WASDER – BRINGS GAMING COMMUNITY TO A WHOLE NEW LEVEL
ROOCOIN – CHARITY-ORIENTED TOKEN FOR A GOOD CAUSE!
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