trading mechanism is not regulated that's my reason for playing with coins
The main reason why virtual currencies (cryptocurrencies) are more flexible and instantly available for inbound and outbound funding than foreign exchange funding is due to the difference in their underlying technology and operating model. Here are a few key reasons: 1. Decentralization and blockchain technology Decentralization: Cryptocurrencies are based on blockchain technology and do not rely on a centralized institution (such as a bank or payment processor). This means that transactions can take place directly between the two parties to the transaction without the need for intermediary approval or processing. Blockchain: Blockchain is a distributed ledger technology where each transaction is verified and recorded by multiple nodes in a network. This decentralized verification mechanism allows transactions to be quickly confirmed and recorded on the blockchain. 2. 24/7 Operation Continuous operation: The cryptocurrency market is global and operates 24/7 without the opening and closing time constraints of traditional financial markets. This means that you can trade and transfer cryptocurrencies at any time without time constraints. 3. Transaction Confirmation Speed Fast Confirmation: Transaction confirmation times for mainstream cryptocurrencies (e.g. Bitcoin, Ether, etc.) typically range from a few minutes to a few hours (depending on network congestion and miner fees). In contrast, traditional bank transfers can take hours or even days, especially for cross-border transfers. Instant arrival: Many cryptocurrency exchanges and wallets support instant arrival, especially for transfers within the same platform, which can be done almost instantly. 4. Cost and Efficiency Lower Transaction Costs: Cryptocurrency transactions typically have lower transaction costs, especially for small transactions. Transfer fees and exchange rate differentials can be higher in traditional financial systems. Simplified process: The cryptocurrency transaction process is relatively simple, reducing many of the complex steps involved in traditional financial transactions, such as auditing and clearing. This greatly improves the efficiency of the flow of funds. 5. Smart Contracts and Automation Smart Contracts: Blockchain platforms such as Ether support smart contracts that can automatically execute transactions when specific conditions are met. This automated mechanism further enhances the flexibility and speed of trading. Limitations of the Traditional Forex Market Banking system: Forex transactions and transfers rely on the banking system and need to be approved, cleared and settled by banks, all of which take time. Business Hours: Banks and financial institutions have fixed business hours and may experience delays when trading across time zones.
Here are the key trend analyses from the 4-hour AEUR/USDT chart:
Price Trend
1. Price Fluctuations: âą The chart shows a significant recent price surge, followed by a pullback after reaching a high point. Currently, the price is fluctuating around 1.0789. 2. Moving Average Analysis: âą EMA(7) (Yellow): 1.0881 âą EMA(25) (Pink): 1.0892 âą EMA(99) (Blue): 1.0831 âą The short-term EMA (7) is below the medium-term EMA (25), but still above the long-term EMA (99). This indicates a strong recent pullback, but the overall trend might still be upward.
Technical Indicators
1. MACD: âą DIF: 0.0002 âą DEA: 0.0015 âą MACD: -0.0013 âą The MACD histogram shows negative values, indicating stronger selling pressure in the short term.
Trend Judgment
âą Short-term Trend: Given the negative MACD indicator and the recent price pullback from the high point, there might be further pullback or consolidation in the short term. âą Medium to Long-term Trend: The positions of the moving averages show that the EMA(7) is still above the EMA(99). If the price can find support and rebound near the EMA(99) level (around 1.0831), the medium to long-term upward trend might still be intact.#Aeur