Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-18)

Wait for a breakthrough in the mid-line in the short term and try to go long
1. Market Trend <br/>In the past week, the price of Bitcoin has been hovering around 4050 yuan, and the hourly line has become a straight line. The 12-hour EMA is about to form a dead cross, and the daily line has also tended to be pressed down. The price of the currency fluctuates between 3800 and 4200. If it falls below 4000, it will be relatively bearish in the short term. If it breaks through 4100, it will be relatively bullish. It is best to short short-term and place orders to wait for a breakthrough.
After breaking through 3,000 in early June, it rose directly to over 5,000. It has been more than three months, and now it has returned to 4,000 yuan, a 50% correction position. This price is also just at the middle track of the weekly K-line Bollinger Band. Looking at the weekly line, the current price is just above the 7-day moving average, and the 30-day moving average of the weekly line is around 3,700. This position should still be regarded as the dividing line between long and short in the midline. If a solid big positive line or a solid big negative line appears on the daily K-line near this price, it is a clear signal for the midline to switch between long and short. Before falling below 3,800, the midline can still try to buy on dips, and consider stop loss if it falls below 3,800.
Judging from the data, the long-short index in recent days has tended to be bullish. In contrast, the newcomer index has fallen during the holidays.
2. The long-short index looks at the recognition of the value of Bitcoin by the outside world <br/>The figure shows the long-short index per hour. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure shows the newcomer index calculated on a daily basis.