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CRYPTONAIRE WEEKLY MAGAZINE 194TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
Bitcoin broke above the 200-day simple moving average (SMA) on August 9, signalling that the downtrend is over. Fundstrat's Tom Lee told CNBC on August 9 that buying Bitcoin “when it breaks above its 200-day moving average” has rewarded investors with a six-month return of almost 180%. Lee expects Bitcoin to rally to about $100,000 by the end of the year.
Financial news outlet The Street reported on July 30 that asset management firm GoldenTree, which has about $45 billion in assets under management, has bought an undisclosed amount of Bitcoin.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE SUBME – AN INVESTMENT TOOL THAT DISRUPTS THE SUBSCRIPTION MARKET!, WORLD MOBILE TOKEN: REBOOTING TELECOMS THROUGH BLOCKCHAIN AND THE SHARING ECONOMY & WASDER ECOSYSTEM – AN ECOSYSTEM DESIGNED FOR GAMERS!
We had said in our previous analysis that a short-term trading opportunity may open up if Bitcoin rebounds off the 20-day exponential moving average (EMA) and that is what happened. Traders who bought on our recommendation may book partial profits and trail the stops higher on the rest of the position.
The BTC/GBP pair turned down from £30,310.12 on August 1 but the bulls aggressively defended the 20-day EMA. This suggests that the sentiment has turned positive and traders are viewing dips as a buying opportunity.
The pair bounced off the 20-day EMA on August 4 and the bulls pushed the price above the overhead resistance of £31,005 on August 7. The bears tried to trap the bulls by pulling the price back below the breakout level of £31,005 on August 8 but the long tail on the day’s candlestick shows strong buying at lower levels.
If buyers sustain the price above £31,005, the pair could start its journey to £36,000 and then to £38,000. The rising moving averages and the relative strength index (RSI) in the overbought zone suggests that bulls are in control.
This positive view will invalidate if the bears pull the price back below the 20-day EMA. Such a move could open the doors for a decline to £26,926.16. Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition:
- Dirty Finance
- Hypersign
- GSX
- Gain Protocol
- Kaiken
- Neftipedia
- The Coop Network
- BeatBind
- Ferrum Network
- World Mobile Token
- ClearMoon
- Subme.Cash
- Wasder
Read More
CRYPTO TRADE OPPORTUNITIES
Bears lick their paws while Bitcoin price blasts through $46,000
Crypto Coin Listings Exploded in 2021
Coinbase Adds Option To Buy Crypto With Apple Pay, Google Pay To Follow
Audi to debut its limited-edition NFTs on xNFT Protocol
DIRTY FINANCE HITS Q3 ALL TIME HIGH ON CONTEST LAUNCH, STAKING ANNOUNCEMENT
SUBME – AN INVESTMENT TOOL THAT DISRUPTS THE SUBSCRIPTION MARKET!
WORLD MOBILE TOKEN: REBOOTING TELECOMS THROUGH BLOCKCHAIN AND THE SHARING ECONOMY
WASDER ECOSYSTEM – AN ECOSYSTEM DESIGNED FOR GAMERS!
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CW - Website Work
194th Latest Crypto News Digital Magazine | 10th August 2021 - Platinum Crypto Academy
www.platinumcryptoacademy.com
