Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-08-12)

The price of the currency is gradually dull, waiting for the opportunity to enter the market
1. Market trend <br/>The current price of Bitcoin is 3910 yuan. As expected, the price has been blocked after rising to the integer mark of 4000 points for several days, and is now gradually falling back to around 3900 yuan. The market has not fully recovered from the sharp rise and fall in June, but it has ushered in the sharp fall and slow rise in August, and the market has suffered serious blood loss. If there is no special event, don't expect too much fluctuation and increase in the near future. The market will continue to fluctuate sideways for a period of time.
The price is blocked by the 30-period 12-hour moving average, and other hourly lines are moving towards the dead cross position. Long positions should be relatively cautious. The current daily K-line position is just above the 7-day moving average, and the middle track price of the Bollinger Band is at 4070, but the 4000 integer mark is more significant. If the price can stay around 3900 this week, the weekly line will close with a small cross star, which is a small cross star after three consecutive weeks of decline, representing the cessation of market trends or possible reversal. If the price drops below 3800 this week, it will be a very bearish signal. The market may still return to the support position of 3500, but the 3000 line should be an unbreakable strong support.
There are three operations for price trading: long, short, and wait. More time should be spent waiting, rather than frequent operations. What is more needed now is: patience! 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 entry funds . The figure shows the Newcomer Index calculated on a daily basis. The Newcomer Index has returned to normal levels.