Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-08-11)

Lack of upward momentum, mainly risk aversion during the day
1. Market Trends <br/>Today is August 11, 2017. The current price of Bitcoin is 22,500 yuan. In the past three trading days, the price of the currency has fluctuated slightly, and the long and short forces are relatively balanced. However, due to the excessive increase in the previous period, this signal appears at this time, and short-term risk aversion should be the main strategy.
Looking at the daily chart, the currency price has fluctuated slightly in the past three trading days, and the long and short positions are temporarily evenly matched. In the 1-hour chart, although the price is fluctuating upward and the center of gravity is moving upward, the trading volume is gradually shrinking, and the MACD indicator is continuously diverging.
At the same time, the short-term upward trend line in the 1-hour chart has been broken. When the Bollinger Bands have narrowed and are consolidating horizontally, if the bears strongly suppress the price, it is recommended to choose risk aversion during the day.
In the daily chart, the long and short positions are balanced, while in the hourly chart, the short side is ready to move, which is a very vigilant signal. If the price breaks through the trend in the 1-hour chart with a large volume, it may be a trap for retail investors created by the long side, which is a false breakthrough. However, no matter what, you should choose to watch more and do less, earn money that you are sure to earn, and avoid subjective speculation on short-term trends.

2. Newcomer Index <br/>The figure below shows the daily newcomer index.