Bluehelix Exchange(BHEX) Daily Crypto Watch & Perpetual Contract Strategy (Nov 1st 2019)

Bluehelix (BHEX)
Nov 1 · 3 min read

Bluehelix(BHEX) is the leading DeFi Services & Tech Provider and is dedicated to providing world-class professional financial trading and assets management services. Bluehelix has businesses of Bluehelix Exchange, Bluehelix Cloud, and Bluehelix Chain. The in-house developed Bluehelix decentralized blockchain-based assets custody and clearing system serves more than 120 BlueHelix Cloud Partners with 5 million end-users with custody of more than 6 billion USD worth of assets.

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What is Perpetual Contract?
Perpetual contract is a derivative product that is settled in digital tokens such as Bitcoins (BTC). Traders enter either into a long (profit from upward trend) or short (profit from downward trend) position. Available leverage ranges from 1–100x.

Find out more about Bluehelix Exchange(BHEX) Perpetual Contract


Bluehelix Exchange(BHEX) Daily Crypto Watch

On October 31, the 11th anniversary of the Bitcoin White Paper, we will see Bitcoin enter into the next halving in just another 195 days. After a strong recovery from 7300, Bitcoin is now sitting above 9000. It will probably continue to trend upwards when the next halving gets closer.

Huobi announced the launch of their open-source public blockchain, the world’s first financial public blockchain to support regulatory nodes. The cryptocurrency exchange industry is now moving towards public blockchain development. Bluehelix group has also announced the launch of its Bluehelix chain, a decentralized cross-chain assets custody service with broad usage scenarios.

As of yesterday, Bitfinex’s long vs short positions hit a historical high with a ratio of 5.34. Short position closed to a new low. The ratio of the long and short positions is too broad. In short-term, the market may continue to fluctuate.

Market Situation:
Yesterday Bitcoin attempted a fake breakdown below 9000 and but it quickly recovered to around 9400. The hourly chart shows the strength of the rebound is gradually decreasing and the average line continues to suppress the K line. The market may have a strong pullback in the short term. Look out for a good entry point at 8700.

(The above is an opinion, not financial advice)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 1st 2019)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 1st 2019)

Yesterday Bitcoin attempted a fake breakdown below 9000 and it quickly recovered to around 9400. The hourly chart shows the strength of the rebound is gradually decreasing and the average line continues to suppress the K line. There is still the possibility of a correction in the short term. Look out for short opportunities at 9200 & 9300. Reduce holding positions and wait for the next bottom entry.

Primary Strategy: Long 8800–8700, Stop Loss 8600, Target 9200–9500.
Secondary Strategy: Short 9200, Stop Loss 9400, Target 8900.

(The above is an opinion, not financial advice)

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Bluehelix Exchange
Bluehelix Exchange is an innovative trading platform. Bluehelix Exchange can maintain the high performance of millions of transactions concurrently after achieving the security and credibility of decentralization. Bluehelix adopts the model of super-node and global custody and liquidation Blockchain technical framework and has the traditional financial level of business, technology and compliance capabilities. Users’ assets are managed entirely through decentralized Blockchain technology, providing transparent services for crypto assets to individuals and institutions.

Bluehelix Token(BHT)introduction

BHT is the token issued by the Bluehelix trading platform ecosystem, which carries the core values of the Bluehelix ecosystem, including the Bluehelix trading platform, Bluehelix Cloud, and the decentralized custody and clearing Bluehelix Chain supported by patented Bluehelix blockchain infrastructure technology.

Bluehelix will use 80% of its profit from Bluehelix Exchange, Bluehelix Cloud, Bluehelix Chain to buyback-to-burn BHT quarterly until its total issuance of 1.05billion.


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Bluehelix (BHEX)

Bluehelix (BHEX)

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Bluehelix is an innovative crypto assets financial services provider. We are focus on decentralized custody, clearing solution and cryptocurrency exchange.

Bluehelix (BHEX)

Bluehelix is the leading DeFi Service & Tech Provider. We are dedicated to providing world-class professional financial trading and assets management services. Bluehelix has businesses of BHEX Exchange, Bluehelix Cloud, and Bluehelix Chain.

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