Bluehelix Exchange(BHEX) Daily Crypto Watch & Perpetual Contract Strategy (Nov 7th 2019)

Bluehelix (BHEX)
Nov 7 · 4 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

The National Development and Reform Commission of the People’s Republic of China (NDRC) has released the Industrial Structure Adjustment Guidance Catalog 2019. ‘Virtual currency mining’ was deleted from the draft under the eliminate category. This was done after China’s government announced the change in the course of direction towards blockchain. Virtual currency mining has become one of the more important research subjects.

Ren Zhengfei, Founder & CEO of Huawei said during the panel discussion “A Coffee with Ren” that blockchain will become worthless in quantum computing. Ren Zhengfei’s comments have once again sparked controversy about the impact quantum computers have on blockchains. However, quantum computers are still a long way from developing a practical application for use.

In the mining industry, Canaan Creative, maker of the Avalon bitcoin miner has plans to raise $400 million through its U.S. IPO.
Canaan Creative has reported that its first 3 quarters of revenue from January to September 2019 has reached 959.4 million yuan.

At Bitmain, the legal representatives of the company said they are not aware of the dismissal of Micree Zhan, one of the co-founders of Bitmain. Zhan said he would take legal action to secure his return to office.

Market Situation:
Bitcoin is moving sideways into a consolidation phase with low volume. The market traders are waiting to get a clearer indication. The 9500 resistance level hasn’t been broken with a much stronger resistance at 9880. A breakthrough is not expected in the short term and focus is on the 8700 support level.

Amongst the leading cryptocurrencies, Bitcoin Cash (BCH) has a much greater volatility due to its recent news. It is recommended to take some risk control.

(The above is an opinion, not financial advice)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 7th 2019)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 7th 2019)

After its recent spike in price, Bitcoin is now trading sideways entering into a consolidation phase with a narrower volatility range. With low volumes and a strong resistance at 9500 and 9880 levels, the outlook is not promising in the short term. Breaking through these two resistance levels will take some time. Place position on key support level just to be cautious. Otherwise stay out and observe the market movement.

Primary Strategy: Short 9500, Stop Loss 9580, Target 9150.
Secondary Strategy: Long 9120, Stop Loss 9020, Target 9420.

(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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