Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-19)

The upward momentum is not enough, and the currency can be held in the medium term
1. Market trend <br/>The current price of Bitcoin is 4530 yuan. After the price touched 4600 last night, it suddenly turned down and crashed several times, reaching the first support position of 4480. Although the trend is bullish, the current market funds are still relatively scarce, and the upward momentum is not very strong. The daily line has a trend of forming a double bottom, and you can hold the currency and go long in the medium term. For those who are short at the current price in the short term, wait for it to break through 4600 before chasing more, and those who are long and trapped can wait patiently.
The enthusiasm for blockchain may slowly cool down, but the impact of halving continues, and the current market remains relatively bullish.
How to open an order to get more benefits? 1. Everyone has different volatility and spreads. Some like to do 20 or 30 yuan, and some like to do more than 100 yuan; 2. Expecting to earn different spreads means different returns and risks, and the positions of stop loss and stop profit are also different; 3. The returns and risks of opening an order at each price are also different; 4. When you see that the return is greater than the risk, you can place an order to establish a position; 5. The returns and risks mainly refer to the various support and resistance positions, as well as the Fibonacci retracement line. You must learn to draw lines and find points by yourself. Some platforms have automatic entrustment strategies. After the price reaches a certain position, you can automatically place an order to buy. For example, you can set a breakthrough point of 4600 and automatically place an order to buy without watching the market all the time. 2. The long and short index looks at the recognition of the value of Bitcoin by the market <br/>The figure is the long and short index at the hourly level. Yesterday, the long and short index tended to be bullish, and it rose at night, but it soon pulled back. The short position waits for a breakthrough. 3. The newcomer index looks at the relative amount of entry funds <br/>The figure is the newcomer index calculated on a daily basis. Yesterday the newcomer index was close to 90, and the newcomer index has been good in recent times.