Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-14)

The market is moving forward cautiously
1. Market trend <br/>The price of Bitcoin has been hovering around 4050 yuan for three consecutive days. It tried to rise to above 4070 in the middle of the night, but was immediately pushed back to the sideways position. Yesterday, the daily K-line closed with a small positive line. The 1-hour line was temporarily suppressed by the 60-period moving average and could not go up. There was nothing else worth mentioning. At present, the profit of short-term operation is small and the risk is high, which is not much different from buying large and small. It is best to wait and see in the short term.
After breaking through 3,000 in early June, the price of the currency rose directly to more than 5,000, and now it has returned to the 50% retracement position, which is also the middle track position of the weekly K-line Bollinger Band. Although everyone keeps mentioning "Golden September and Silver October", this position should still be regarded as the dividing line between long and short positions in the mid-line. 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 mid-line long or short conversion. If it continues to go sideways, then holding the currency in the mid-line can be regarded as a prudent approach, and the support of the 3,800 line is still not easy to break.
From the data, yesterday's long-short index tended to be bullish, and the number of new entrants yesterday and the day before yesterday was close to 60, which is the highest in recent times. 2. The long-short index looks at the recognition of the value of Bitcoin by the outside world <br/>The figure shows the hourly long-short index.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.