Where Do Bitcoin Recalls Come From? Exchange rates and options

On October 21, Bitcoin appeared to have entered a correction. The lines in one hour dropped for 6 hours and the amplitude eliminated all the advantages of the historic high gusts. Her lows fell to around $ 62,000 and her recent track record to around $ 5,000, which isn't a small drop.

From another perspective, the recall shock seems to continue for a short time. So if the call comes and goes, where can it come in?

The pressure of the reminder is clearly visible on the calendar. After a few days of big gains, even though the price crosses the 10 day line (currently around $ 61,100), it is still above the 30 day level (currently around $ 52,400). Here is an example, recently the market started to rise from its 5 day line which is very bullish. However, as a general rule, the 30 day line is similar to a trampoline. However, the trampoline is relatively strong, the amount of money increases tremendously, and gravity ultimately brings the value of the currency down to the 30 day line. bounces up and down rhythmically towards the bed. The trampoline got higher and higher, and the total height of the jump got higher and higher. The fall begins until the trampoline begins to fall.

So what is the value of this work? Personally, I think the special themes are the role of the fairies, but I can't figure it out. However, the whole process requires lines of around 30 days and 10-day lines acceleration to complete.

Finally, it will fall below the 10-day moving average, increasing the odds of finding support for the current position between the 10-day and 30-day moving average - the 30-day moving average is rising rapidly to reach support (the slope current will probably be steeper). As mentioned in the previous article, the adjustment will generally be close to the previous high of $ 64,000. This is because this work tends to be part of the chip trading process. These tokens can easily be monetized from here. If you take a closer look, you can see that the volume of Bitcoin transactions has increased slightly over the past few days.

The above research and decision is still the same sentence, the words of a family, please be very careful, because this work does not complain about the loss. In dealing with shocks, you have to decide on your own whether or not to get out of the car.

After discussing the market, let's analyze some of the different macros. An important thing to keep in mind recently is that the exchange rate of the yuan against the US dollar could enter a second force. Indeed, if many people had held the currency over the past year, it would have declined in RMB terms if the currency had not gained 15%. During this period, the exchange rate of the US dollar against the RMB declined 0.8 from 7.2 to 6.4, which is equivalent to a 12% appreciation of the RMB against the US dollar. . 3% interest, if the dollar falls below 15%, is that a loss?

This variety is not small. This first change results in a huge drop in legal benefits, and of course, the next second change cannot be ignored. As shown in the figure, after the end of the first decline (7.2-6.4), the exchange rate of the yuan traded between 6.4 and 6.5 up over six months, remaining weak by against the yuan five weeks ago. US dollar, and it fell on the Momentum platform. In fact, the US dollar has been very strong recently and has benefited the euro and the yen, but the yuan has strengthened.

Overall this is estimated from the problems with the equipment. The US dollar continues to cause global financial instability, but it also encourages greater demand for the US dollar from international investors. US Dollar Rates In a place of financial crisis, there will be no application for the US dollar. If there is no US dollar ad request, what can it be used for? However, China is unique, as it currently occupies the best position in the supply chain for human needs, and this project is estimated to take two years. From the point of view that the management and governance of the household is appropriate at this stage, there are reasons for the appreciation of the yuan, and there must be.

The multi-dollar market has grown further, and the strength of the yuan can alleviate some of the stress and increase export earnings. In the meantime, the United States and Europe must accept the export price. There is no other short term option. Therefore, a second appreciation (also called appreciation of the tertiary yuan) is likely to occur, and now five weeks apart may be the start of that appreciation. Personally, I think in six months, it could increase by more than 6 yuan against the yuan. The total interest is important, and the result can reach up to 10%. I do not care.

So, if you still decide to invest, this is very important. In two years, the exchange rate will drop by 25%, or 1/4 of the president will be forced into a case of force majeure according to the model of fiat money. This is especially true when the bull market is not working. It was a big loss. What you want to start is to ignore the currency pattern and just look at the currency pattern.

Finally, there are constant complaints about the difficulty of choosing the parts. With the exception of Bitcoin and Ethereum like the White Ringgit, it is very difficult to choose new currencies. Hot spots change quickly, and many hot spots are ripples flowing. always. Seizing new opportunities requires constant learning and following new careers. It's very tiring. Otherwise, you can focus on choosing the key funds and expected returns. It's like being a white horse and letting go of a black horse. .

By comparison, last year's A-estimates were easier, closely monitoring the performance of the US government. The direct target or listed companies that have been penalized or blocked by the tech target should be bullish seedlings. Stakeholders demonstrated the importance of impacting the development of science and technology alongside large-scale domestic enterprises. Choosing a product with limited goals is not easy.

Trade, the difficulty of the choice realizing that now is the time to break into the market. Many split leads can easily fall off, and we differ in the amount of success. was written