Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-01)

The weekly line is sideways and the volume is shrinking, and the balance is about to be broken
1. Market Trends <br/>The current price of Bitcoin is 3,860 yuan. Yesterday, someone seemed to try to push the price higher, but encountered great resistance, and the price was pushed down to 3,830 yuan. The daily line has reached the end of the triangle oscillation and passed the golden cross, but as expected, due to the inactive market, we expect greater fluctuations and larger trading volumes to indicate the direction of the market.
The weekly K-line has a downward trend and stabilizes. The sideways trend of the weekly K-line has reduced the volume, which has washed out many people who are impatient to wait. The current price is in a relatively balanced state. When it rises to a certain position, someone will suppress it, and when it falls to a certain position, someone will protect the market. However, this sideways state will soon be broken. The trading volume has shrunk to a very small level. The daily trading volume is only one-tenth of the peak period. The market is extremely deserted, and the space for large and small investors to operate is very small. When the market is the most deserted, the general direction is easy to come out.
From the data, when the market was trading sideways at around 3,800 in the past month, people in the market were generally bullish. If there is no major negative news, there is no need to worry about a further sharp drop in the market. The current problem is that more newcomers and more funds are needed to enter the market.
2. The long-short index looks at the recognition of the value of Bitcoin by the OTC market <br/>The figure shows the long-short index at the hourly level. 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.