CRYPTONAIRE WEEKLY MAGAZINE 184TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES Strong bull runs are followed by sharp bear markets and the moves are exaggerated in the crypto markets. Newbie traders had taken on too much leverage when the markets were on fire and it was not uncommon to load up to 100-to-1 leverage. When the going is good, such huge leverage can quickly grow the account but the problem happens when the market turns. A sharp fall can wipe out months of gains for such traders.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE TICAN – THE TRUSTED AND EFFICIENT CRYPTO PAYMENT GATEWAY, IZOBI ECOSYSTEM – BRIDGE TO THE CRYPTO COMMUNITY, & LEDGER NANO X – THE GATEWAY TO EVERYTHING CRYPTO
Bitcoin’s relief rally again turned down from the 38.2% Fibonacci retracement level at £28,593.47 on May 27. This suggests that traders are selling on every minor rally. Both moving averages are sloping down and the relative strength index (RSI) is in the negative territory, indicating bears have the upper hand. The sellers will now try to sink the BTC/GBP pair below the £23,620 support.
If they succeed, the pair could drop to the critical £21,000 to £20,000 support zone. A break below this zone could result in panic selling, which may pull the price down to £15,000.
The longer the price remains below the 20-day exponential moving average (EMA), the greater is the possibility of a continued downside this negative view will invalidate if the bulls push and sustain the price above the 20-day EMA. Such a move will suggest strong buying at lower levels and the pair could rally to £31,005 and then to the 50-day simple moving average (SMA).
We will wait for the price to break out of the 20-day EMA and sustain it for a couple of days before suggesting fresh long positions.
Lastly please check out the advancements happening in the cryptocurrency world.
Featuring in this weeks Edition:
- Roocoin
- Amber Group
- Gaugecash
- Tican
- Ledger
- iZOBi
- Zumo
Read More
CRYPTO TRADE OPPORTUNITIESCoincheck crypto exchange announces Japan’s first-ever IEO
Bitcoin Will Surge 500% This Year As Tsunami of Cash Comes Back to Crypto, Says BTC Firebrand Max Keiser
UK Banks Suspend Payments to Crypto Exchanges Due to “High Levels of Suspected Financial Crime”
Average Bitcoin Transaction Fee Hits Lowest Level Since January As Market Cools Down
INTRODUCTION TO ROOCOIN – THE GOFUNDME OF THE CRYPTO WORLD!
AN INTRODUCTION TO AMBER GROUP – YOUR GATEWAY TO CRYPTO FINANCE
TICAN – THE TRUSTED AND EFFICIENT CRYPTO PAYMENT GATEWAY
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