Bluehelix Exchange(BHEX) Daily Crypto Watch & Perpetual Contract Strategy (Nov 8th 2019)

Bluehelix (BHEX)
Nov 8 · 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

Since Jihan Wu the co-founder of Bitmain has changed the company legal representative after the dismissal of Micree Zhan, a co-founder of Bitmain, the internal issue hasn’t been resolved. Zhan posted an open letter on WeChat stating that he would take legal action against Bitmain to secure his return to office. Bitmain responded to query on the change of its company’s legal representative, saying that it was in compliance with the law and that the decision was well supported by all the employees. Bitmain’s internal scandal might drag for some time and this might affect the performance of Bitcoin Cash (BCH). However, with the upcoming halving of Bitcoin, BCH is still optimistic.

Jesse Powell, CEO of Kraken said China’s CBDC might affect the status of the dollar’s global reserve currency. The United States has been uncharacteristically quiet about making progress on the blockchain or digital assets. Powell believes that this is because the United States is afraid of any fundamental changes. If China’s central bank takes the lead in launching the central bank digital currency DCEP or in stimulating the global central bank to accelerate the plan for central bank’s digital currency, it could speed up the development and adoption of digital currency. Such advancement in digital currency will bring a certain suppression to the cryptocurrencies payment sector, but it will be beneficial to the Bitcoin.

Market Situation:
Bitcoin made a small correction yesterday and hammer candle was spotted this morning. The overall movement is quite positive. The moving average indicator is gravitating towards the K line, fixing the overbought condition. The current trading volume is low and market traders are waiting to get a clearer indication. We might see another correction or pullback in the short term.

Amongst the leading cryptocurrencies, Litecoin and Ripple spotted huge buying orders with an unclear intention. Caution is recommended and emphasis is on some risks control.

(The above is an opinion, not financial advice)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 8th 2019)

Bluehelix Exchange(BHEX) Perpetual Contract Strategy (Nov 8th 2019)

Bitcoin has performed as expected after the recent spiked in price.
The overbought condition has to be fixed before the next rally. A hammer candle was spotted this morning and the price of Bitcoin has quickly rebounded to around 9100 according to our secondary strategy forecast yesterday which placed long at 9120.

Today Bitcoin encountered resistance at 9240 level and the 4 Hour is closing under 50% which doesn’t look good. It is recommended to keep monitoring the market and wait for a clearer indication.

Primary Strategy: Short 9350, Stop Loss 9450, Target 9130.

(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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