Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-05-25)

It is difficult for multiple parties to calm down and short-term risks may increase
1. Market Trends <br/>Today is May 25, 2017. The current price of Bitcoin is $2576.89. When the market opened yesterday, the price of the currency fell into a narrow correction pattern, but the price behavior generally continued the previous upward trend, and the bulls quickly raised the price of the currency.
Looking at the daily chart, the moving average system (5, 10, 20) has a good bullish arrangement, and the MACD indicator continues to extend northward, indicating that the bulls are still in an excited state. However, both the stochastic indicator and the strength index have shown a top divergence phenomenon, and the bulls have pulled out nine consecutive positive lines on the current level chart, and there is a need for a callback.
Looking at the 4-hour chart, the moving average system and MACD indicator bullish pattern are intact, the stochastic indicator shows a top divergence, and the strength and weakness indicators cooperate well, but both extend to the south, and the buying side faces the pressure of profit-taking. However, there is no sign of a trend reversal at this level, and the price is still in the bull market channel.
Overall, it is difficult to calm down the excitement of the bulls, and the price of the currency is accelerating upward. At present, the overall upward trend of the cycle above 1 hour is still in a bullish pattern, but as the price continues to rise, the floating chips increase, and the willingness to cash out will naturally increase, which will put pressure on the currency price to rise again. However, it is not recommended for investors to open short positions based on subjective guesses, and they must wait until the trend reversal is established before opening short positions. Investors holding spot can let profits run, and contract investors should lock in profits to avoid the risk of sudden price drops.

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