MADE IN CHINA - - - - - - - - - LOL China doing Many FUD to bitcoin, but Evergrande Dump verry hard
Concerns Investors May Have: China is said to contain more of the world's real estate assets than any other country. Therefore one concern is the potential impact a possible default may cause to international property markets. Consumer confidence in real estate investments could reduce and perhaps lower property demand, potentially reducing real estate...
Scenario A: Considering BTC is failing to get above the 0.618 fibonacci level located around 43700-43900 this may be a early warning sign that cheaper prices are coming, but there is still hope: In the top image the 0.618 is claimed as support quickly taking us to the next resistance area above, if further resistances were claimed this bearish idea would...
#VeChain is facing heavy R after the latest bounce. As you can see in the chart, the 200D EMA and year long trendline resistance is holding it down here. Caution is needed here too.
Hello Traders! We got something interesting for you! Chinese authorities ordered a fresh crackdown on crypto mining and trading Friday, according to a statement posted on the People’s Bank of China site.The statement, signed by China’s top financial and cyberspace regulators, gives a comprehensive list of crypto activities that are forbidden, and orders local...
As of today, the Chinese central bank has announced that all crypto transactions are deemed illegal. Investors who have been in the crypto space for a while know that once in a while China announces that they are banning crypto (again). This FUD comes in once in a while and often sends the market down, but fails to make a lasting impact on the market. A quick...
Bitcoin's tumble was bolstered today following the decision of China's central bank to declare all cryptocurrency activities illegal. The price action is currently testing the 23.6 per cent Fibonacci retracement level at 41764.04. A potential pullback could ensue to the 38.2 per cent Fibonacci, which is about to be crossed by the 50-day MA (in green) and the...
why? Stay away! Yes it is cheap, yes it looks like capitulation, but why get yourself into the headache? China won't let any business get too big and gain power anyway. Keep that in mind. I keep posting these setups but if I took the trade I got out quickly. Catching a knife is dangerous. But if you're still that guy who is convinced this is the opportunity of a...
In this post, I'll be providing an easy yet comprehensive explanation on the Evergrande crisis, and why it's important for us to understand the situation. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own...
In this post, I'll be providing an explanation on a theory regarding the potential connection between China's giant real estate developer, Evergrande, and Tether. If you aren't familiar with Evergrande and the crisis it's currently going through, make sure to check out my previous post below: Disclaimer: This is not investment advice. This is for educational...
personal user of the product, pretty decent. could see a decent upside soon imo
1. Price has drawn 2 diamonds (diamond in diamond) at the bottom of the increasing (purple) channel. Buy signal. 2. A cycle with a length of 756 days (25 months) is found, according to which the price is now at the bottom of the cycle. Buy signal. 3. All major oscillators and indicators are in oversold zones and give long signals. 4. It is necessary to remember...
Excerpt from Petition:" Source from Petition LLC "Shenzhen-based The Evergrande Group ($EGRNF) is China’s second largest property developer by sales and the 122nd largest developer in the world by revenue according to the 2021 Fortune Global 500 List.* While its core business is buying land and developing it into residential real estate, it is really an...
Chinese regulatory crackdown is an exceptionally interesting phenomenon. Recently it got even more interesting as Xi Jinping, probably expecting the necessity of Evergrande bailout, suggested smoothing excessive incomes. Surprising? No. Some growth of populism has been seen in General Secretary’s actions for at least a year. My prediction for upcoming months is...
Some big dumps here with the Evergrande news... when I called 53k lower high it generally indicates probability is with further downside but it in no way can that predict events like potential real estate fueled recession in China. No oracle outside of insiders can predict that. All you can get are hints and probabilities in the TA. 40 to 41k seems bottom of...
The company also has 341 supercharging stations with 2,176 supercharging piles, 515 destination charging stations with 2,878 piles and access to more than 400,000+ third-party charging piles. The Chinese Lunar New Year holiday is a peak travel time for the public, and NIO wants to significantly expand its battery swap stations' coverage along highways before then...
All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ $ 300 billion). The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers). Deposits in Chinese banks are about to $35 trillion, which is twice the size of the...
Evergrande is something that most of you will have heard about lately, and if you haven’t… you should get the know about it. This has been one of the main causes of the latest sell off in markets. Its affecting all financial markets from the stock market to the crypto market right now. I want to explain why that’s the case and what impact it might have going...