Form 3150: Fill & Download for Free

Those formal numerals are called 大寫 (大写; dàxiě; ㄉㄚˋ ㄒㄧㄝˇ).They are used to prevent fraud in finance since the regular forms (小寫; 小写; xiǎoxiě; ㄒㄧㄠˇ ㄒㄧㄝˇ) are so easy to change. For example, 二十 (20) can become 五千 (5000) with a few extra strokes.You can commonly see these numerals on banknotes in both the PRC and the ROC.The formal numerals are on the bottom right.They are also used on checks.The numerals are on the line above the 3150.You will see them on many other financial documents, like invoices, money orders, etc.This is called a “Domestic Remittance Slip.” Numerals on row 2.

There are already a lot of great lengthy explanations here so I will keep it as short as possible.In my opinion it is incredibly unlikely that Bitcoin makes a new all-time-high in 2019.Markets exist in 3 macro states.Uptrends (Bull Market), Downtrends (Bear Market), and Sideways/Accumulation/Transition Phases.A bull trend is defined as an asset making long-term higher highs and higher lows.A bear trend is defined as an asset making long-term lower highs and lower lows.And a sideways trend is an asset that is still in one of the previous trends, but is deciding whether that trend will continue or reverse. People often refer to this as accumulation or consolidation.Currently Bitcoin is undoubtedly in a bear market. Price has been making long-term lower highs and lower lows since it broke down below $6000.Price has potentially put in a bottom at ~$3150 but until a higher high/low is put in that is unconfirmed.So what we have here is two potential scenarios.1st Scenario:$3150 was the bottom and price will accumulate/consolidate in front of this level for many months while attempting to form higher lows leading to a higher high starting the next bull market.2nd Scenario:$3150 was not the bottom and Bitcoin has another lower low incoming. If that is the case then not only will we have heavy resistance from sellers near $6000, but now we will likely see heavy sellers at $3150 as well due to “support flipped resistance”.Now it’s not like these scenarios are the only ways in which a market can bottom, but the majority of the time a market will consolidate in a trading range before making higher highs/low again.And in both of these scenarios we do not see new all-time-highs until the middle of 2021. This would be about one year after the next Bitcoin halvening as well.2016 was the last Bitcoin halvening. And price made new all-time-highs one year later.If you thought my answer above was helpful I would greatly appreciate your support with an upvote :) !Stay safe out there!!

Hey brother I think it’s a possibility but the likelihood of it happening is pretty slim with that huge resistance near $6000.Markets exist in 3 macro states.Uptrends (Bull Market), Downtrends (Bear Market), and Sideways/Accumulation/Transition Phases.A bull trend is defined as an asset making long-term higher highs and higher lows.A bear trend is defined as an asset making long-term lower highs and lower lows.And a sideways trend is an asset that is still in one of the previous trends, but is deciding whether that trend will continue or reverse. People often refer to this as accumulation or consolidation.Currently Bitcoin is undoubtedly in a bear market. Price has been making long-term lower highs and lower lows since it broke down below $6000.Price has potentially put in a bottom at ~$3150 but until a higher high/low is put in that is unconfirmed.So what we have here with Bitcoin is two potential scenarios.1st Scenario:$3150 was the bottom and price will accumulate/consolidate in front of this level for many months while attempting to form higher lows leading to a higher high starting the next bull market.2nd Scenario:$3150 was not the bottom and Bitcoin has another lower low incoming. If that is the case then not only will we have heavy resistance from sellers near $6000, but now we will likely see heavy sellers at $3150 as well due to “support flipped resistance”.Now it’s not like these scenarios are the only ways in which a market can bottom, but the majority of the time a market will consolidate in a trading range before making higher highs/low again.And in both of these scenarios we do not see Bitcoin hitting $10,000 until at least mid-2020.This would be about one month after the next Bitcoin halvening as well.2016 was the last Bitcoin halvening. And price made new all-time-highs one year later.