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CRYPTONAIRE WEEKLY MAGAZINE 183RD EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
After Elon Musk’s Tweets backtracking on Bitcoin support, the sentiment soured further on May 18 when China banned financial companies from offering cryptocurrency related services. This sequence of events resulted in a massive crypto meltdown on May 19 where Bitcoin plunged 30% to $30,001.51 before attempting a recovery.
That was followed by the US Treasury Department’s announcement on May 20 requiring transfers worth $10,000 or more to be reported to the Internal Revenue Service.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE POINTPAY – REVOLUTIONIZING TRADITIONAL BANKING MODEL, JOIN IN REVOLUTIONISING CRYPTO TRADING WITH BLOCKQUAKE, LEDGER NANO X – THE GATEWAY TO EVERYTHING CRYPTO & TICAN A DECENTRALIZED PAYMENT GATEWAY
Bitcoin plunged to £21,000 on May 19 according to our expectations. However, the bulls purchased this drop as seen from the long tail on the day’s candlestick.
The bulls attempted to push the price back above £31,005 on May 20 but failed. The downsloping moving averages and the RSI near the oversold territory suggest that bears are in control. Therefore, relief rallies to the 20-day EMA are likely to be sold into. With buyers stepping in at £21,000 and sellers at £31,005, the stage seems to be set for a consolidation between these two levels for a few days.
However, if the bears sink the price below £21,000, the selling could intensify and the pair could drop to £15,000. This negative view will invalidate if the bulls push and sustain the price above £31,005. That will suggest the bottom has been made at £21,000.
A short-term trading opportunity may present if the price rebounds off the £21,000 to £22,000 range in the next few days. Traders may buy on the bounce off this zone with the stops at £20,800.
The target objective of this trade is £31,005. Traders may step aside if the price breaks below £21,000.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition:
- BlockQuake
- PointPay
- Tican
- Ledger
- Roocoin
- iZOBi
- Zumo
-DeFiBids
Read More
CRYPTO TRADE OPPORTUNITIES
Total crypto market cap gains $400B as DeFi tokens lead the recovery
Bitcoin bounces after weeklong ‘capitulation event’ results in $14.2B in losses
Oil-Crypto Alliances Form in North America To Power Bitcoin Miners
Goldman Sachs Believes Ethereum Beats Bitcoin, New Leaked Report Reveals
INTRODUCTION TO ROOCOIN – THE GOFUNDME OF THE CRYPTO WORLD!
ZUMO BRINGS ITS CRYPTOCURRENCY WALLET TO THE PLATINUM CRYPTO ACADEMY
POINTPAY – REVOLUTIONIZING TRADITIONAL BANKING MODEL
#CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #BlockQuake #IZOBI #ZUMO #Ecosystem #DeFiSwap #Roocoin #Ledger #PointPay #TICAN #DayTrading #BTC #digitalcurrency #AuBit #aubitnetwork #fwt #Freewaytoken #QoinIQ #QoinSuit #digitalcurrencymarket #ATANI #DayTrading #Cryptocurrencyexchanges #digitalexchange
CW - Website Work
Latest Cryptocurrency News Magazine | 25th May 2021
Read 25th May latest cryptocurrency news magazine of Cryptonaire Weekly. You can subscribe to latest issue of crypto magazine for updates.
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