Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-22)

Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-22)

Fluctuations gradually decrease, and the price of the currency is about to show a direction
1. Market trend <br/>The current price of Bitcoin is 4450 yuan. It was sideways yesterday and the price has not changed much in the past few days. The daily line is still back to the sideways oscillation position. The 30-day moving average is supported at 4380. If the price falls to 4380, the daily EMA will form a dead cross, which is a bearish signal. The data in the past few days tends to be bullish. The medium-term recommendation is to buy on dips and buy more. Stop loss needs to be considered after breaking 4380. The 2-hour line is just in the middle of the Bollinger Bands, and the middle of the 4-hour line Bollinger Bands is at 4480. If you buy in the short term, you can wait for a sudden 4480 to chase.
The price is as we predicted at the end of June. The big fluctuation in June caused the market to lose too much blood. The halving of production will not cause much fluctuation. Now it is the end of July, a month later, and the price fluctuation has gradually decreased from an average of 7% per day to 1.4% yesterday. When the price is basically stagnant, it is time to make a general direction. Wait patiently. 2. The long-short index looks at the recognition of the value of Bitcoin by the market <br/>The figure is the hourly long-short index. The trend of the long-short index in the past few days is bullish, and the long-short index is more inclined to look at the trend of a few days. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated by the hour. The newcomer index has been close to 90 for several consecutive days, and the probability of a sharp drop in prices has been reduced a lot.

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