Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-12-01)

The medium-term trend is bullish and appropriate positions are opened on dips
1. Market Trends <br/>Today is December 1, 2016. The current price of Bitcoin is 5240 yuan. Basically consistent with our expectations, the fluctuation of the currency price yesterday was minimal, with fluctuations of only more than ten yuan in the morning. The consolidation was almost over, and a new direction appeared in the afternoon. The currency price chose an upward trend. The currency price rose directly from 5150 yuan, and the highest price reached more than 5260, an increase of about 2%. Last night, it slightly adjusted to the support of 5220, and then rebounded and maintained the position after yesterday's rise.
From the weekly charts of domestic and foreign platforms, we need to worry that the weekly trading volume of foreign trading platforms is much smaller than that in June when it reached 5,000 yuan, which is like a double top pattern of the weekly chart. However, the weekly K-line trading volume of domestic trading platforms is much larger than that in June, and there is a trend of continuing to rise. We once again observe the price difference of Bitcoin at home and abroad. We also mentioned yesterday that the price of foreign exchanges is about 15 US dollars lower than that of domestic exchanges. After a wave of pull-ups yesterday, the price difference between the domestic and foreign exchanges reached about 20 US dollars. There is no doubt that it is the domestic price that pulls the foreign price up. Then, we will pay more attention to the domestic trading volume rather than the foreign trading volume.
From the daily K-line, it has now stood on the 7-period wireless line of EMA, and the market is bullish. The Bollinger Band of the 12-hour line has crossed the middle track and is now suppressed by the upper track. It may take some time to adjust.
Looking back at the big data of the currency zone, the number of newcomers in the past two days is slightly less than that of the previous few days, but it is still about twice that of October. The popularization of basic education online and offline in the industry is still going on. From the perspective of the long-short index, the market tends to be bullish. The price trend indicator found that after the rise last night, the market's selling pressure was not small, but the currency price still maintained its current position.
5050 yuan has now become the bottom of the mid-term, and 5150 yuan is the bottom of the short-term. Operation suggestions: At present, the operation should be mainly to buy at lows, and try to buy at lows in the mid-term.

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.