Technical Analysis i) Looks like a Cup and Handle formation for USD/CNY on the weekly chart. Looking to short play the Handle, looking for entries between 6.62 - 6.64 down to 6.48 level. ii) Our most likely scenario (1), will have a pullback from the Handle down to the 6.48 level from their should look for some long positions up to 6.8 level. *ii) However, as...
Hi guys. The tensions will cause weakness imho. Please feel free to comment. Thank you.
i dont know what this means, but someone who trades Forex will see the correlation here and see were going towards a (profitable, either +/- divergence). these "fiat" currencies play a role in btc/usd (just as the yuan depreciated, btc rised, what do people buy when dollar deprecates to secure their wealth? what do smart* adjusted to the environment were in do i...
Here's a little history I pulled up online trying to find the reason being this massive spike in value.
Hi guys. I hope things are going well in China and everywhere. Here's a short idea should a double top materialize. Thank you for taking a look.
trend seems to be slipping away on the weekly, and the monthly chart. just waiting for a breakout. looks very promising!
Just an expectations based on price trends.
There are links between bitcoin and Chinese capital outflows and the control thereof and currency relations / controls of Chinese currency. The relationship is highlighted with the comparison of the prices of BTCUSD (light blue area ) and USDCNH ( Dark blue line ). This is useful in helping to form an idea of which direction the BTC may take. Currently there is...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (39 most tradeable currencies) of 1st Quarter `17 @ my Drive drive.google.com i will update this 4XSetup around start of 3rd Quarter `17 again :) Best regards! Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (most 39 traded currencies) while march `17 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while start of month - in may `17 - again :) Best regards! Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (worldwide most 39 traded currencies) of 2017 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while next month - sometimes in march`17 - again :) Best regards! Aaron
A chart tracking the correlation between 1/btccny and cnyusd. The theory is that since mid 2015, the devaluation of the yuan has been fueling the bitcoin bullmarket that emerged that year.
More trading less showing in 2017. 1Hr/4Hr trading are using EMA system from FXCM desktop and learning swing trading "Fractal Quad Components" pine program original source from Pythagoras.
China continues to drive Bitcoin higher as RSI enters mega rally territory on the Weekly. Time will tell how long this can hold.
I recently read an article of Reuters explaining that the recent rise in $BTCUSD has the $CNYUSD sell off to thank. www.reuters.com But out of curiosity, I wonder what percentage of the $BTCUSD rally was caused by Chinese traders buying into Bitcoin. After all, most Chinese DON'T invest their money into the market. Perhaps the $BTCUSD rally is caused by traders...