Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-08-30)

The market is bullish, and the entry funds are waiting to rise
1. Market trend <br/>The current price of Bitcoin is 3,850 yuan, and the price has been trading sideways at the 3,750 to 4,000 yuan mark for almost a month. From the perspective of the form, this is a triangular oscillation trend, and it has now reached the end of the triangle. According to the trend of the form, it should be about to show a direction, but the market is very inactive, and it may take volatility to gradually increase before a direction is shown.
From the data, when the market was sideways at around 3800 in the past month, people in the market were basically bullish. If there is no major negative news, there is no need to worry about the market falling sharply. Even if it falls, there will be strength to rebound. The current problem is that there are not enough new entrants, or the number of new entrants is basically the same as the selling pressure of miners, so the price is in a balanced state. Small fluctuations are due to the game of funds in the market, and the market needs more time to recover. Wait for the mid-line to fall below 3750 or rise above 3900 before operating. There are three operations for trading: long, short, and wait. Most of the time is spent waiting.
2. The long-short index shows the off-market recognition of the value of Bitcoin . The figure shows the long-short index at the hourly level.
3. The newcomer index looks at the relative amount of entry funds . The figure shows the newcomer index calculated on a daily basis.