Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-08-25)

Bitcoin computing power exceeds 1600P
1. Market trend <br/>The current price of Bitcoin is 3860 yuan. Yesterday, it was sideways with small fluctuations, with an amplitude of more than 40 yuan, only about 1%. Bitcoin's daily K-line has a trend of forming an ascending triangle. You can chase longs when it breaks through the upper edge at 3950. If it falls below 3750, you will be bearish. The 12-hour line is close to the price average of the long and short cycles, forming a straight line. From the data, the long and short indexes almost point to the zero axis in recent days, and long and short appear alternately, indicating that the market divergence is relatively large. The newcomer index is slightly flat. It is still a game of funds in the market, and the market needs more time to adjust. In recent days, the computing power of Bitcoin has risen from about 1400P at the beginning of the month to more than 1600P now, and the computing power has increased by more than 10%. 2. The long and short index looks at the recognition of the value of Bitcoin outside the market <br/>The figure shows the long and 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.