Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-28)

The market is becoming more active, and the price of coins is rising slowly and falling sharply
1. Market Trends <br/>The current price of Bitcoin is 4040 yuan. There were two small market trends yesterday, and the cumulative fluctuations added up to about 4%. The current price is just near the middle track of the daily K-line Bollinger channel, and has also re-stood on the 7-period and 30-period moving averages, which is a more bullish signal. The trading volume suddenly increased the day before yesterday, and the trading volume yesterday was still not small. The market may be slowly becoming active, and the price fluctuations are more and more rapid. Short-term opportunities are also beginning to increase. In the short term, you should pay attention to the current trend, which is a bit like a slow rise and a sharp fall. It takes several hours to rise, but it falls in an instant. In addition, there are many "ghost orders" on the platform recently, both buy orders and sell orders. You don't need to pay attention to them, and don't let these large orders affect your operations.
If there are several consecutive positive lines in the next few days, or if the weekly line stabilizes above 4000 this week, you can boldly buy and go long, and the mid-term may usher in another wave of considerable upward trends. Steady investors can wait a few more days and enter the market after it stabilizes at 4050.
From the data, the market was generally bullish yesterday, especially when the price was hit near 4020. The newcomer index has accumulated a little bit in the past period of time, and has not changed much in the past two or three days. The analysis of these two data may indicate that the current market is dominated by funds on the market. 2. The long-short index looks at the recognition of the value of Bitcoin outside the market <br/>The figure shows the long-short index every hour.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.