The #1 CRYPTO TRADING MAGAZINE WEEKLY 180TH EDITION IS OUT NOW

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CRYPTONAIRE WEEKLY MAGAZINE 180TH EDITION IS OUT NOW

The #1 CRYPTO TRADING MAGAZINE



WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES

At the start of the year, Bitcoin’s dominance was above 70% as institutional money was chasing prices higher. Though Bitcoin continued to rally, traders also began diversifying into altcoins. This started the altseason and several altcoins have rallied sharply in this year. This has pulled Bitcoin’s dominance down to below 47%, according to coinmarketcap.

As Bitcoin loses ground, Ether seems to be making strong headway, indicating a huge divergence in the performance of the top two cryptocurrencies. Bitcoin closed the month of April with a minor loss of 1.72% but Ether skyrocketed 44% during the same period. This shows that investors have been rotating their money out of Bitcoin and into altcoins.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE EVERYTHING YOU NEED TO KNOW ABOUT THE JUNCA PLATFORM, & HOW IS DEFIBIDS A ROBUST SOLUTION FOR AUCTIONING CRYPTOS AND DEFI?

We did not suggest any trade in Bitcoin last week as we believed that every higher level will bring additional supply and that is what seems to be happening. The BTC/GBP pair surged above the moving averages on April 30 but the bulls could not sustain the rally.

The bulls again tried to extend the relief rally on May 3 but met with stiff resistance above the £42,000 level as seen from the long wick on the day’s candlestick. Today, the bears have dragged the price back below the moving averages.

If the bears sustain the price below the 20-day EMA, the pair could again drop to £37,617. The bulls may try to defend this level aggressively but every rise is likely to hit a wall near the moving averages. A break below £37,617 could pull the price down to £32,500.

This negative view will invalidate if the price turns up from the current level and rises above the downtrend line of the falling wedge pattern. That could clear the path for a rally to the all-time high at £47,240.05. However, such a move looks unlikely at the moment. We do not find any strong conviction trades at the current levels.

Lastly please check out the advancements happening in the cryptocurrency world.

Featuring in this weeks Edition:

- Gala Games

- Junca Global

- DeFi Bids

- BitcoinVend

- Stealth

- Cberry

- QoinIQ

- AuBit

Read More
CRYPTO TRADE OPPORTUNITIES

Ethereum breaks $3,000—it’s now valued more than Bank of America

CME Group introduces micro Bitcoin futures

Digital Currency Group Buying $750 Million in GBTC Shares

Ethereum Co-Founder Vitalik Buterin is Now a Billionaire, Holding Over 333,520 ETH

CBERRY, CRYPTOS FIRST CONTENT PLATFORM ON THE BINANCE SMART CHAIN

GALA GAMES SIGNS WITH FRANK MILLER CONCEPT ART HOUSE TO INAUGURATE THE LAUNCH OF GALA.ART

EVERYTHING YOU NEED TO KNOW ABOUT THE JUNCA PLATFORM

#CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #STATERA #CBerry #CBerrytoken #Ecosystem #DeFiSwap #ATANI #DayTrading #BTC #digitalcurrency #AuBit #aubitnetwork #fwt #Freewaytoken #QoinIQ #QoinSuit #digitalcurrencymarket #ATANI #DayTrading #Cryptocurrencyexchanges #digitalexchange

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[Tuva Sundström]

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