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CRYPTONAIRE WEEKLY MAGAZINE 197TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
Bitcoin’s recovery has been facing stiff resistance near the psychological level of $50,000 for the past few days. One of the reasons could be that traders are playing it safe because the month of September has not been favorable for a rally in Bitcoin. Since 2013, September has seen only two positive monthly closes and the best record has been a meagre 6.04% increase in 2016.
In a tweet on August 24, John Bollinger, the creator of the popular technical analysis indicator Bollinger Bands, asked traders to book partial profits or hedge their positions in Bitcoin. He even said that aggressive traders could open short positions as he was anticipating lower levels but added that there was no confirmation yet.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE DISRUPTING THE MULTI-TRILLION DOLLAR GLOBAL HEALTHCARE INDUSTRY, RADIOLOGEX IS A MARKET LEADER IN MAKING, EXPLORING THE POTENTIAL OF WEREWOLF ASSETS – WHAT CAN YOU DO WITH YOUR WEREWOLF ASSET?, COOP NETWORK– A DECENTRALISED DIGITAL SUPPLY NETWORK FOR THE CANNABIS INDUSTRY, & WHAT IS THE GLOBAL CHALLENGE LEADING TO HALF THE WORLD STILL BEING UNCONNECTED?
We had suggested traders book profits on 75% of their open positions in our previous analysis as we expected Bitcoin to face stiff resistance at the 61.8% Fibonacci retracement level at £36,834.35 and then again at £38,000.
The BTC/GBP pair turned down from £36,075.24 on August 29 and has reached the 20-day exponential moving average (EMA). This is an important support for the bulls to defend because if it cracks, the decline could extend to £32,000 and then to the 50-day simple moving average (SMA).
The flattening 20-day EMA and the relative strength index (RSI) near the midpoint indicate that bulls are losing their grip. This negative view will invalidate if the price rebounds off the current levels and rises above the August 23 intraday high of £36,999. Such a move could signal the resumption of the uptrend. If that happens, the next stop could be £38,000 and then £42,000.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition:
- Degethal
- Aristo
- Bondex
- CryptoArena
- Radiologex
- Werewolf
- Geoma Coop
- World Mobile Token
- Colciar and Buda Holdings
- Pylon
- MELD
- BeatBind
- OMNIA DeFi
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DEGETHAL – CRYPTO, E-WALLET, SMART BANKING AND TRADING MADE EASIER
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BONDEX: THE NEXT GENERATION TALENT ECOSYSTEM ON BLOCKCHAIN WITH INNOVATIVE EMERGING TECHNOLOGIES
MOONMATH: CATS YIELD FARMS APR
DISRUPTING THE MULTI-TRILLION DOLLAR GLOBAL HEALTHCARE INDUSTRY, RADIOLOGEX IS A MARKET LEADER IN MAKING
WHAT IS THE GLOBAL CHALLENGE LEADING TO HALF THE WORLD STILL BEING UNCONNECTED?
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CW - Website Work
197th Latest Crypto News Digital Magazine | 31st August 2021 - Platinum Crypto Academy
www.platinumcryptoacademy.com
