Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-12-28)

The price of coins hits new highs, always pay attention to the risks
1. Market Trends <br/>Today is December 28, 2016. The current price of Bitcoin is 6830 yuan. Yesterday morning, the price of the currency was under obvious pressure from the 6530 line. After failing to break through the pressure line, it fell slightly. At 1 pm yesterday, the moving average system (5, 10, 20) showed a bullish arrangement again. This morning, the price of the currency rose strongly again, reaching a new high, and is close to the historical high in 2013.
In the 4-hour chart, the downward adjustment of the coin price is effectively supported by the 5-day moving average. The bullish arrangement of the moving average system (5, 10, 20) is still good, and the MACD at this level formed a golden cross last night, and the area of ​​the green column representing the bullish energy continues to expand. Therefore, the short-term is still bullish. In the 2-hour chart, the coin price hit a new high and then stepped back. It was supported by the 10-day moving average. The signs of adhesion of the moving average system are weak, and the MACD is still bullish, indicating that the coin price still has room to rise. As shown in the figure, the K-line at this level is in an upward channel, and the possibility of the coin price continuing to rise is relatively high. Looking at the daily K-line, the current coin price rise seems to be relatively stable, but looking at the three-day line and the weekly K-line, there has been a relatively large deviation.
Moreover, the price has hit new highs in recent days, and investors who have long positions have made considerable profits. Once large funds realize their profits, the price of the currency may drop significantly. Investors should lock in profits and strictly set stop-profit and stop-loss positions.

2. Price trend index "Bitcoin price trend index" is an indicator similar to the "long and short index" compiled by Coinzone based on statistics from domestic and foreign Bitcoin trading platforms. The purpose of the indicator is to analyze the distribution of long and short forces in the current market in order to better analyze and judge price trends.