$FAMI Gann Wave Farmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus. It also operates Farmmi Jicai, an online store that sells edible fungi products under Forasen and Farmmi Liangpin brands. The company offers its products to restaurants, cafeterias, and local specialty stores, as well as through distributors. Farmmi, Inc. was founded in 2015 and is headquartered in Lishui, China.
Fundamentalstrategy
BTC- Quick fundamental, derivative and on-chain recap*The STABLE Act bill, if passed, would require stable coin issuers to comply with Federal reserve and a banking license registration and to follow the same level of regulatory requirements as banks. Similar sentiment is echoed by G7 officials.
*Buy bitcoin google search has recently reached a level not seen since early 2018
*Coinbase's web traffic recently surged to the highest level not seen since April 2019
*Global bitcoin options OI hit another all-time-high recently
*Future traders on Binance are bullish on BTC, but future traders on Bitmex, Okex and Huobi seem to be bearish on BTC
*BTC options expiry on Dec. 25th will be the largest expiry in USD terms
*DEC. CME COT report on BTC indicates that whales' net short has reached all-time high
*BTC 3 month realized volatility is slowly ticking up
*Total DeFi unique addresses have recently surpassed 1 million mark
*SOPR (Spent Output Profit Ratio), Coin Days Destroyed (CDD) and BTC MPI (Miners' Position Index) indicate that the short-term correction is coming while realized price & realized market cap indicate that overall BTC price is in a healthy trend.
I expect the short-term correction to end around 16k or 13k. Historically, BTC has a mixed Q4 performance, but typically performs poorly in Q1 so we could be expecting a slow correction process that may not end until January next year.
Why Rising For Gold Is A Must ?In price action view : Simple long term Chart of Gold Indicates the completion of the cup and handle pattern , Which does not need further explanation .
In the Fundamental view ( which is more important reason than the others ) : I think its better for Gold If the story of the corona vaccine To be completed as soon as possible , corona force the Economies to reduce their interest rate to near zero or even below zero ,
and lower interest rate reduces the value of money , Low value money causes inflation in goods And the governments must raise interest rates to prevent this ( after the corona vaccine is finalized ) , and its not a good news for stocks and bond , So the investors must hedge their portfolio with commodities to prevent loss so which commodities is the best for hedging ? of course the gold is number 1 commodities ,
so soon or late we must expect Increasing demand for gold which is Cause price moves to higher level .