Jackobian Forums

    #digitalcurrency
    Cryptonaire Weekly Magazine 256th Edition Is Out Now, Oct 19, 2022
  1. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 256TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Bitcoin and several major cryptocurrencies have been stuck in listless sideways price action for the past several weeks. There is a silver lining in this rangebound action because Bitcoin has not broken below its June low even though the S&P 500 and the Nasdaq hit new year-to-date lows last week. This is a sign that the weakness in the United States equities markets has not caused a capitulation in Bitcoin.

    The US consumer price index rose 0.4% in September, more than the Dow Jones estimate of a 0.3% rise. That caused a sharp sell-off in risky assets on October 13 on fears that the Federal Reserve will have to continue with its gigantic rate hikes to curb inflation. CME’s FedWatchTool shows a 98.9% probability of a 0.75% rate hike in November and a 66.4% probability of another 0.75% rate hike in December of this year.

    We mentioned in our previous analysis that buyers are expected to aggressively defend the zone between $18,600 and $18,153 and that is what happened. Bitcoin plummeted to $18,131 on October 13 but the long tail on the day’s candlestick shows strong buying at lower levels.

    Both moving averages have flattened out and the relative strength index (RSI) is near the midpoint, indicating a balance between supply and demand. The price has been stuck in a range between $18,150 and $20,500.

    The recovery has reached the moving averages which may act as resistance but if bulls push the price above it, the next stop could be $20,500.

    This is an important level to keep an eye on because if bulls clear this hurdle, the BTC/USD pair could pick up momentum and soar to $22,800. The bears are again expected to defend this level with vigor.

    On the downside, the bears need to break the strong support zone between $18,150 to $17,567 to start the next leg of the downtrend.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Giving to Services

    - FlyGuyz

    - Collectiverse

    - WeedoVerse

    - XRPayNet

    - indu4.0

    - DMGlobal

    - Gauss


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Ethereum-scaling protocol zkSync’s layer-3 prototype set for testing in 2023

    Bitcoin and Ether Start the Week Higher

    Nodes are going to dethrone tech giants — from Apple to Google

    Two-Time Oscar Winner Sir Anthony Hopkins Sells Out 1,000 NFTs in Minutes, Says Outcome Unimaginable

    The World’s Youngest Crypto CEO Leading Charitable Token

    WeedoVerse Introduces WeedoFarm: Weed Farming P2E Game & Cannabis Metaverse

    XRPayNet: The DeFi Payment Solution for Businesses & Consumers!

    indu4.0: Revolving Manufacturing with Blockchain Technology

  2. Cryptonaire Weekly Magazine 255th Edition Is Out Now, Oct 13, 2022
  3. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 255TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Risky assets started the month of October on a strong note but the upward march halted after the September nonfarm payroll numbers showed that the job market remained strong. The nonfarm payrolls increased by 263,000 for the month, a tad lower than the Dow Jones estimate of 275,000, but the unemployment rate fell 3.5%, topping forecasts of 3.7%. This stoked fears of another large rate hike by the Federal Reserve in its November meeting. CME’s FedWatch Tool shows a 78.4% probability of a 75 basis point rate hike in November, up from 59.5% a week before.

    The United States equities markets plunged after the CPI print on October 7 and the selling continued at the start of the new week on October 10. This sent the Nasdaq Composite tumbling to its lowest close since July 2020. The next major trigger for the markets could be the September consumer price index data due on October 13.

    Economists surveyed by Dow Jones anticipate the CPI to increase by 8.1% annually and 0.3% monthly. We expect volatility to soar following the release of the CPI numbers.

    We had highlighted in our previous analysis that $20,500 was the first major hurdle for the bulls and that is where the recovery halted last week. Buyers tried to clear this hurdle between October 4-6 but the bears did not budge.

    The BTC/USD pair turned down and broke below the 20-day exponential moving average on October 7. The selling has continued and the pair could next decline to the strong support zone between $18,600 to $18,153.

    Buyers are expected to aggressively defend this zone.

    If the price rebounds off this zone, the bulls will make one more attempt to push the pair to the overhead resistance at $20,500. If they succeed, the pair could climb to $22,800.

    Contrary to this assumption, if the price continues lower and breaks below the support zone, the pair could retest the June low of $17,567.45. A break and close below this level could signal the resumption of the downtrend.

    The next support on the downside is at $16,200.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Immunify.Life

    - DMGlobal

    - Gauss

    - indu4.0

    - Collectiverse

    - The Revolution Token

    - XRPayNet


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Coinbase Gets Singapore Digital Payment Token License

    Ethereum-scaling protocol zkSync’s layer-3 prototype set for testing in 2023

    Bearish Sentiment Among Institutional Investors Dissipating As Big Players Stop Shorting Bitcoin: CoinShares

    EU Lawmakers Pass Landmark Crypto Assets Regulation Bill

    indu4.0: We’re revolving manufacturing with blockchain technology!

    CollectiVerse launches its NFT public sale and marketplace to build their next generation technology

    The Revolution Token to use crypto for revolutionising talent management

    Immunify.Life – Transforming the Healthcare Landscape

  4. Cryptonaire Weekly Magazine 254th Edition Is Out Now, Oct 5, 2022
  5. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 254TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Although cryptocurrencies have been closely correlated with the US equities markets for a large part of 2022, Bitcoin showed the first signs of decoupling in September. The largest cryptocurrency by market capitalization fell only about 3% in September, indicating that lower levels may have attracted accumulation from long-term investors.

    The bullish bias of the cryptocurrency traders may be due to Bitcoin’s historically strong performance in October. According to coinglass data, Bitcoin has closed October in the red only on two occasions, in 2014 and 2018. Hence, cryptocurrency enthusiasts popularly call the month as “Uptober.”

    Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, said in a tweet on October 2 that Bitcoin, gold and silver prices may go down if the Federal Reserve continues to increase interest rates as that would cause the US dollar to strengthen. He called this a buying opportunity because when the “Fed pivots and drops interest rates as England just did you will smile while others cry.”

    We had projected in the previous analysis that Bitcoin is likely to face resistance at the 50-day simple moving average and that is what happened.

    Bitcoin climbed above the 20-day exponential moving average (EMA) on September 27 and again on September 30 but the bulls could not sustain the higher levels as seen from the long wick on the candlesticks.

    The first major hurdle for the bulls to cross on the upside is $20,500. If they manage to do that, the bullish momentum could pick up and the BTC/USD pair could rally to the next stiff resistance of $22,800.

    Alternatively, if the price turns down from the current level or the overhead resistance, the bears will again try to sink the pair below $18,600. If they succeed, the pair could drop to the June low of $17,567.45. The bears will have to pull the price below this vital support to signal the start of the next leg of the downtrend.

    The flattish 20-day EMA and the relative strength index (RSI) near the midpoint do not give a clear advantage either to the bulls or the bears. It points to a possible range-bound action between $18,600 and $20,500 for the next few days.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - indu4.0

    - Gauss

    - Immunify.Life

    - Age of Zalmoxis

    - DMGlobal

    - Manilla Finance

    - The Revolution Token

    - XRPayNet


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Bitcoin and Ether Kick Off Week in Positive Territory

    NFT Monthly Sales Top $947M as Solana Gains Ground on Ethereum

    Binance opens two new offices in Brazil as team doubles since March

    Chainlink Partnership With SWIFT Shows LINK Attracting Attention From ‘Seriously Significant’ Institutions

    Immunify.Life Launches Groundbreaking Blockchain-Based HIV/AIDS Treatment Outcomes Study

    Age of Zalmoxis: Integrating Blockchain Technology and NFTs for Awe-Evoking, Highly-Rewarding Gaming Sessions

    indu4.0 – The ecosystem for the manufacturing industry

    DM Global: Decentralized Digital Wallet And Crypto Currency Platform

    Manilla Finance: Empowering Users so they can Pay with Crypto through Manilla Finance’s CeDeFi Payment System

  6. Cryptonaire Weekly Magazine 253rd Edition Is Out Now, Sep 28, 2022
  7. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 253RD EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Risky assets have been on a sticky wicket since the Federal Reserve hiked rates by 75 basis points for the third time in a row on September 21. While the rate hike in itself was not a surprise, the Fed dot plots projecting a possible Fed funds rate of up to 4.4% by the end of 2022 was more aggressive than what investors had penciled in.

    This started a sell-off in the United States equities markets which has pulled the Dow Jones Industrial Average into bear market territory and the S&P 500 to its lowest weekly close in 2022. The equities markets seem to be pricing in a recession due to the aggressive rate hikes by the Fed.

    The Fed’s actions have resulted in a massive bull run for the US dollar index (DXY), which is not showing any signs of slowing down. That has already sent the euro to below parity with the dollar and the British pound is also threatening to follow suit. Aggressive tax cuts by the new government led by Prime Minister Liz Truss and reluctance to raise rates by the Bank of England sent the pound tumbling to an all-time low below 1.04 against the dollar on September 26.

    We said in our previous analysis that Bitcoin could retest the $18,600 to $17,567.45 support zone but the bulls will defend it aggressively and that is what happened.

    The BTC/USD pair dropped and closed below the immediate support of $18,600 on September 21 but the bears could not build upon this advantage. Buyers quickly pushed the price back above $18,600 on September 22. This shows strong buying at lower levels.

    The bulls again held the support on September 25 and started a rebound on September 26. The pair picked up momentum on September 27 and has risen above the 20-day exponential moving average (EMA). This is the first sign that the bears may be losing their grip. The pair could next rise to the 50-day simple moving average (SMA).

    The zone between the 50-day SMA and $22,800 is likely to pose a strong challenge for the bulls. If the price turns down from this zone, the pair could stay range-bound between $18,000 and $22,800 for a few days.

    Conversely, if bulls thrust the price above $22,800, the pair could pick up momentum and rally to the overhead resistance of $25,000. This positive view could invalidate if the price plummets below $17,567.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Immunify.Life

    - Medabots

    - Gauss

    - HoneyWood

    - AiBook.Art

    - DMGlobal

    - The Revolution Token

    - indu4.0

    - Manilla Finance

    - XRPayNet


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Tether Stablecoin Goes Live On Polkadot Blockchain

    Bitcoin Pushes Higher as Traditional Markets Decline

    FTX US wins auction for Voyager Digital’s assets

    Disney Pushes Further Into Crypto, DeFi, NFTs With Recent Job Post

    HoneyWood: Familiar game mechanics and new source of income!

    AIBOOK NFTs Now Available For Purchase

    Digital Money Global: Bridging the Gap between Traditional Money Solutions, Crypto-currencies, and Fiat

    indu4.0 – The ecosystem for the manufacturing industry

  8. Cryptonaire Weekly Magazine 252nd Edition Is Out Now, Sep 21, 2022
  9. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 252ND EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    All eyes will now be glued to the Fed which is expected to announce a 75 basis point rate hike on September 21. The CME FedWatch Tool shows an 82% probability of a 75 basis point rate hike, suggesting that the move may have been priced in. However, if the Fed decides to hike rates by 100 basis points as some expect, then risky assets may witness another bout of selling.

    While Bitcoin dropped about 11% last week, Ethereum plunged more than 24%. Ether was a classic case of buy the rumor and sell the news. Ether’s price rallied leading up to the Merge but has since seen aggressive selling, indicating that traders sold even though the Merge went off smoothly on September 15.

    During a bear phase, markets react mildly to positive news but tend to sell off on every bit of negative news. Until the sentiment turns around, trading on bullish news could turn out to be a trap.

    We said in our previous analysis that bulls will have to sustain Bitcoin above the 50-day simple moving average (SMA) for three days to increase the likelihood of a rally to $25,000 but that did not happen.

    We had also projected that if the price slips back below the moving averages, the BTC/USD pair could revisit the $18,600 to $17,567.45 support zone and that is what happened on September 19.

    Both moving averages are gradually turning down and the relative strength index (RSI) is in the negative territory, indicating advantage to bears. However, we expect the bulls to aggressively defend the support zone.

    The first sign of relief to the bulls will be after the price rises above the 20-day exponential moving average (EMA). Such a move will suggest that the selling pressure could be reducing. That could open the doors for a possible rally to the 50-day SMA.

    Conversely, if bears sink and sustain the price below $17,567.45, it could signal the resumption of the downtrend. The pair could then plummet to $15,000 but we give this a low probability of occurring.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - DMGlobal

    - XRPayNet

    - The Revolution Token

    - AiBook.Art

    - LunaOne

    - MetaFrames

    - Manilla Finance

    - Coinhaven

    - Gauss

    - Medabots

    - indu4.0


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Major sell-off sees total crypto market cap dip to $900B

    Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge

    Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’

    Prosecutors Ask Interpol To Put Red Notice on Terra Founder Do Kwon

    AIBOOK NFTs Now Available For Purchase

    Introduction to the LunaOne Metaverse

    MetaFrames: A robust ecosystem for creators!

    Manilla Finance: Introduction to traditional Fintech

    Coinhaven – The people’s exchange

  10. Cryptonaire Weekly Magazine 250th Edition Is Out Now, Sep 14, 2022
  11. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 251ST EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    The United States dollar index (DXY) which has been in a strong uptrend for the past several weeks is showing signs of topping out. This bodes well for risky assets as they move in inverse correlation to the DXY. Investors seem to believe that inflation may have peaked and the Federal Reserve may slow down its aggressive pace of rate hikes after the September meeting.

    Credit Suisse chief US equity strategist Jonathan Golub said while speaking to CNBC that inflation is likely to “collapse” over the next 12 to 18 months. Reduced gas prices at the gas station and a decline in food prices are showing early signs that inflation may be headed southward. If that happens, Golub expects the Fed to signal a pause with their rate hikes over the next four to six months, triggering a strong market rally.

    Bitcoin behaved the way we had projected in the previous analysis. It broke below $19,500 on September 6 and reached the $18,600 to $17,567.45 support zone on September 7.

    This zone attracted strong buying as we had expected and the BTC/USD pair turned up from $18,527 on September 7. The bulls pushed the price above the overhead resistance of $20,715 on September 9 and propelled the pair to the 50-day simple moving average (SMA).

    The 20-day exponential moving average (EMA) has started to turn up and the relative strength index (RSI) has jumped into positive territory. This suggests that bulls have the upper hand.

    If buyers sustain the price above the 50-day SMA for two more days, the possibility of a rally to the overhead resistance at $25,000 increases. The bulls will have to clear this hurdle to signal the start of a new uptrend. To invalidate this positive view, the bears will have to sink the price back below the moving averages. If they succeed, the pair could again drop to the $18,600 to $17,567.45 support zone

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - XRPayNet

    - Manilla Finance

    - Gauss

    - Medabots

    - MetaFrames

    - Cardalonia

    - Age of Zalmoxis

    - indu4.0


    Read More
    CRYPTO TRADE OPPORTUNITIES

    The Final Countdown to the Ethereum Merge Has Officially Begun

    CME Group premiers ETH futures options trading as the world braces for The Merge

    Fidelity Is Considering Offering Bitcoin to Retail Investors: WSJ

    Starbucks Chooses Polygon (MATIC) To Launch New NFT Community and Rewards Program

    Medabots: Earn money while playing the first AAA crypto game!

    MetaFrames announces the Official Maradona NFT Collection Minting

    XRPAYNET-The World’s Most Versatile Payment Network

    Cardalonia Readies to Rule the Cardano Blockchain, Announces Token Listing On P2pb2b.io, and Land NFT Pre-sale Details

    Rise of the GameFi economy

  12. Cryptonaire Weekly Magazine 250th Edition Is Out Now, Sep 7, 2022
  13. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 250TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    August’s nonfarm payrolls data offered some relief to traders as the economy added 315,000 jobs for the month, well below the 526,000 in July. It was the lowest monthly gain since April 2021, increasing hopes that the data leaves some scope for the Federal Reserve to soften its aggressive tightening policy. The CME FedWatch Tool showed a 60% probability of a 75 basis points rate hike for the September 21 meeting, down from 75% on August 29.

    The Dow Jones Industrial Average initially rallied by 370 points following the jobs report but it later trimmed its gains and closed down by 337.98 points. The Nasdaq
    Composite extended its losing streak to six consecutive days for the first time since 2019.

    Bitcoin has been trading inside a tight range between $19,500 and $20,715 for the past few days. The failure to push the price back above $20,715 indicates that bears are trying to flip this level into resistance.

    The downsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the negative territory indicate advantage to sellers.

    If bears sink the price below $19,500, the selling could intensify and the BTC/USD pair could drop to the next support zone between $18,600 and $17,567.45. The bulls are expected to defend this zone aggressively because a failure to do so could signal the resumption of the downtrend. The pair could then slide to $16,764.

    Contrary to this assumption, if the price turns up from the current level and breaks above $20,715, it will suggest that bulls are back in the game. That could push
    the price to the 50-day simple moving average (SMA). This level may again act as a resistance but if bulls overcome this barrier, the pair could rally to $24,666.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Gauss

    - Manilla Finance

    - indu4.0

    - Age of Zalmoxis

    - Globiance

    - Medabots

    - WeedoVerse


    Read More
    CRYPTO TRADE OPPORTUNITIES

    74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade

    Crypto Exchange Binance Hires Former Brazilian Central Bank President as Adviser

    UK Elects Crypto-Friendly Prime Minister Who Said Country Should Embrace Blockchain and Digital Assets

    Binance Pulling Support of USDC, Converting Several Stablecoins to BUSD

    Gauss: Curated layer one ecosystem, launching Q4 ’22

    Manilla Finance to Support Pure Crypto Payments, Prepares to Make a Huge Leap into the Web 3 Space

    Rise of the GameFi economy

    Globiance: GBEX Staking goes live

  14. Cryptonaire Weekly Magazine 249th Edition Is Out Now, Aug 31, 2022
  15. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 249TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    The United States Federal Reserve Chair Jerome Powell dashed hopes of any slowdown in the central bank’s aggressive monetary tightening in his speech at The Jackson Hole Symposium on August 26. Powell said that curbing inflation “requires using our tools forcefully to bring demand and supply into better balance." He also warned that higher interest rates may “bring some pain to households and businesses.”

    The central bank’s tightening has been negative for risky assets but the US dollar index (DXY) has been in a strong uptrend with no signs of topping out. There is a minor resistance near 110 but if this level is crossed, the DXY could continue its parabolic move and surge toward 120 as there is no major resistance in between. If that happens, the equities markets and crypto markets may remain under pressure as these assets generally have a strong inverse correlation with the DXY.

    We warned traders in our previous analysis that a shallow rebound off the strong support of $20,715 showed that demand was drying up at higher levels. Bitcoin turned down sharply from the 20-day exponential moving average (EMA) and plunged below the $20,715 support on August 26.

    The bulls are attempting to push the price back into the range but may face stiff resistance at the breakdown level of $20,715. If the price turns down from this level, it will suggest that the bears have flipped the level into resistance.

    That could increase the likelihood of a drop to $18,600 and then to the June 18 intraday low of $17,567.45. The bears will have to sink the price below this crucial support to signal the resumption of the downtrend.

    Alternatively, if bulls push the price back above $20,715, it will suggest strong demand at lower levels. The moving averages may pose a strong challenge but if bulls overcome this barrier, the pair could attempt a rally to the resistance of the range at $24,666.

    A break and close above the $25,000 level will be the first sign that the pair may have bottomed out. Until then, the pair could remain in a bottoming formation.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Medabots

    - HoneyWood

    - MetaBrewSociety

    - Age of Zalmoxis

    - indu4.0

    - PlutusFi

    - Globiance


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Ethereum scaling network Arbitrum set for major upgrade on Aug. 31

    The End of the Texas Bitcoin Mining Gold Rush

    Argentine Province Allows Millions to Pay Taxes Using Stablecoins

    Ripple CEO Brad Garlinghouse Addresses Rumors Spread by Alleged Whistleblower

    MetaBrewSociety: A fusion of a beer company and NFT

    Age of Zalmoxis: Ancient Fantasy Play and Earn Game

    indu4.0: Revolutionizing the Manufacturing Industry with Blockchain Technology

    PlutusFi – A crypto trading platform with advanced trading bots!

    Age of Zalmoxis: Game Metaverse

  16. Cryptonaire Weekly Magazine 248th Edition Is Out Now, Aug 24, 2022
  17. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 248TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    The United States equities markets turned down sharply on August 19 after the minutes from the Federal Reserve’s July meeting showed that participants believed “that there was little evidence to date that inflation pressures were subsiding.” Additionally, Federal Reserve Bank of St. Louis President James Bullard said on August 18 that he favored another large rate hike in the September meeting as he did not believe that inflation had peaked.

    This stoked fears that the Fed could continue with its aggressive rate hikes. The selling continued on August 22 as market participants speculated that Fed Chairman
    Jerome Powell may sound more hawkish during his speech on August 26 at the central banking conference in Jackson Hole.

    The deteriorating macro environment and the close correlation with equities markets stalled the recovery in cryptocurrencies. Bitcoin witnessed a sharp drop on August
    19 which resulted in liquidations of more than $551 million in a 24-hour period, according to data from crypto analytics platform Coinglass.

    The bulls repeatedly pushed the price above the overhead resistance of $24,666 between August 13 to 15 but could not sustain the higher levels. The buyers again tried to clear the overhead hurdle on August 17 but the bears held their ground.

    This may have tempted short-term traders to book profits. That pulled the price below the 20-day exponential moving average (EMA), which was the first sign that bulls may be losing their grip.

    The selling momentum picked up on August 19 and the BTC/USD pair plunged to the strong support at $20,715. The bulls have successfully defended the level for the past three days but the shallow rebound suggests that demand dries up at higher levels.

    The downsloping 20-day EMA and the relative strength index (RSI) in the negative territory indicate advantage to sellers. The bears will again attempt to sink the price below $20,715. If they succeed, the pair could slide to the next support at $18,600. If this level also cracks, the decline could extend to the June 18 intraday low of $17,567.45.

    The first sign of strength will be a break and close above the 20-day EMA. Such a move could open the doors for a possible rally to $24,666. A buying opportunity could open for the aggressive traders above $21,800 with the stops placed just below $20,700.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Medabots

    - MetaBrewSociety

    - Globiance

    - Age of Zalmoxis

    - H2O Securities

    - Coinhaven


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

    Ethereum Merge Drama Continues as Traders Pile Out, Then Back In

    Invesco Rolls Out New $30 Million Metaverse Fund

    Crypto Exchange FTX Witnessed Massive 1,000% Surge in Revenue Last Year, According to Leaked Documents

    Medabots: The Ultimate Gaming Universe for Gamers seeking Entertainment and Earning Opportunities.

    Free Beer, Multiple Giveaways as MetaBrewSociety’s Very First Mint Event Draws Nearer

    Age of Zalmoxis: Game Metaverse

    H2O Securities – Blockchain-based solution for water scarcity!

  18. Cryptonaire Weekly Magazine 247th Edition Is Out Now, Aug 17, 2022
  19. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 247TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Mike Novogratz, CEO of Galaxy Investment Partners, in an interview with CNBC, said that the forced deleveraging in the crypto space was over and the markets may have hit an equilibrium. He said that Bitcoin “remains a really good macro asset for an environment where the macro is pretty uncertain.” Novogratz added that Ethereum’s
    upcoming Merge in September could be a major catalyst that may generate enthusiasm among investors.

    The Goerli testnet successfully shifted to the proof-of-stake consensus mechanism on August 11, increasing confidence that Ethereum’s Merge will finally happen in September. Ethereum co-founder Vitalik Buterin tweeted on August 12 that the terminal total difficulty was set to 58750000000000000000000. And according to bordel.wtf, the Merge is expected to happen around September 15.

    The bulls repeatedly pushed Bitcoin above the overhead resistance at $24,666 last week but they could not sustain the higher levels. This suggests that the bears are aggressively defending this level.

    However, a minor positive is that the bulls have not given up much ground. This suggests that the traders are not rushing to the exit as they expect the up-move to continue.

    The upsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the positive territory suggest that the path of least resistance is to the upside.

    If buyers sustain the price above $24,666, the bullish momentum could pick up and the BTC/USD pair could rally to $28,000. This level may again act as a major hurdle but if bulls push the price above it, the rally could reach $32,000.

    The first sign of weakness will be a break and close below the 20-day EMA. Such a move will indicate that the short-term traders may be booking profits. That could pull the price down to the 50-day simple moving average (SMA).

    This level is likely to attract buyers.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Globiance

    - MetaBrewSociety

    - AiBook.Art

    - WeedoVerse

    - Age of Zalmoxis

    - CleanCarbon

    - HoneyWood

    - H2O Securities

    - Coinhaven

    Read More
    CRYPTO TRADE OPPORTUNITIES

    Traders flinch after Ethereum price rejects at $2,000

    US Fed Opens Pathway for Crypto Banks to Tap Central Banking System

    Monero Rolls Out Enhanced Privacy Features With Hard Fork

    Email Marketing Company Mailchimp Suspends Services for Crypto-Related Customers Amid Security Threats

    WeedoVerse – The Future of Gaming

    Age of Zalmoxis: Rise of the Elrond blockchain

    CleanCarbon Providing Waste Management Solutions through Waste-to-Energy Conversion Facility

    HoneyWood – 5 Minutes a Day Play-and-Earn Blockchain Game

    Globiance, A Revolutionary Exchange Platform. Digital Asset Accessibility – Reimagined

    H2O Securities – Blockchain-based solution for water scarcity!