Cryptonaire weekly magazine 212th edition is out now
A classic bull run forecasting metric goes “full bull,” while whales look to hedge exposure to the Federal Reserve this week. Bitcoin (BTC) whales are the centre of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin. Elon Musk has been named Time Magazine's Person of the Year for 2021. "He's a player in robots and solar, cryptocurrency and climate, brain-computer implants to stave off the menace of artificial intelligence and underground tunnels to move people and freight at super speeds," Time Magazine said. Bearish sentiment continued last week especially after Tuesday’s big sell off in the markets as Bitcoin once more came under heavy selling pressure. From the dizzying heights of £51,000 made last month on November 10, this pair ended the week at £37,105 below both moving averages as the 20-day EMA finally crossed the 100-day SMA to the downside. This is aided and abetted by the relative strength index ( RSI ) which is currently sitting at around 34 with the bears firmly in control. From a technical view this is backed up by the resistance and supply levels on the Fib retracements, with double confluence at the 61.8 level and MA’s. It will be interesting to see how this chart plays out towards the end of 2021 going into the new year to see if the bulls can move price above both moving averages or maybe a double bottom will be formed from the low of September 21 at £29,000 and support and demand area as indicated on the chart. Fundamentally we have some big news announcements this week, with none bigger than Wednesday’s final FOMC meeting of the year to be mindful of. Lastly please check out the advancement’s happening in the cryptocurrency world. Enjoy the issue! Featuring in this weeks Edition: - Mirai - Deepsquare - Quizarena - Candao - Solidus - Fren - Giving To Service - bitcci Read More CRYPTO TRADE OPPORTUNITIES Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting Binance Closing Singapore Entity After Acquiring 18% Stake in Local Licensed Exchange Bored Ape Yacht Club to Launch Play-to-Earn NFT Game Banking Giants Wells Fargo and HSBC To Use New Blockchain Platform To Settle Global Forex Trades DeepSquare Completes $2 million Round to Bring a Vision of Sustainable High-Performance Computing to Life bitcci: Taking a different approach to the market services Quizarena: F2P and C2E gaming platform on the blockchain. #GivingtoServices #Quizarena #Solidus #Candao #Mirai #Fren #bitcci #CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #Ecosystem #DayTrading #BTC #digitalcurrency #digitalcurrencymarket #DayTrading #Cryptocurrencyexchanges #digitalexchange CW - Website Work https://www.platinumcryptoacademy.co...-december-2021
