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 ‚Äď REVOLUTIONIZING TRADITIONAL BANKING MODEL, JOIN IN REVOLUTIONISING CRYPTO TRADING WITH BLOCKQUAKE, LEDGER NANO X ‚Äď 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

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POINTPAY ‚Äď REVOLUTIONIZING TRADITIONAL BANKING MODEL





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Latest Cryptocurrency News Magazine | 25th May 2021