Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-15)

The triangle has come to an end and the direction will be revealed soon.
1. Market trend <br/>The current price of Bitcoin is 4420 yuan. Yesterday at 4380, we analyzed that short-term buying on dips was the right move. As expected, the price rose a little. For those who still hold long positions, it is recommended to close them first and wait for a breakthrough before making any operations. The recent price trend is more like the bottoming out when it was sideways near 2300. As long as it stays above 4200 for a while, it may continue to move up in the current environment. From the daily chart, the triangular oscillation has come to an end and will not stay sideways for a few days. The trend is also awkward, and it is unclear now. It can be a double bottom or a double top. From a larger range, the price is still oscillating between 4200 and 4600. For the mid-term, continue to wait patiently for the general direction.
What kind of thinking do you need to overcome when trading Bitcoin? 1. No opinion, like to listen to gossip from various channels; 2. Habitual thinking. If you keep making money in a certain direction, it is very likely that you will return the money you earn to the market if you continue to do so. 3. Full position order, this is a mistake made by newcomers. You think that you can get more and bigger profits by holding a full position or opening a large leverage. This is a misunderstanding. Holding a full position will miss many opportunities to continue to increase your position at the right price. 4. Holding a position even when you have no time to operate. The Bitcoin market trades 24 hours a day, changing rapidly, and the price changes in a few tens of minutes or even more than ten minutes. For friends who do not have short operations, if you do not stop loss in time, you will soon miss the opportunity. 2. The long and short index looks at the recognition of the value of Bitcoin outside the market <br/>The figure is the long and short index at the hourly level. As shown in the data, there are many people who buy the bottom and chase the rise in the past two days, but as long as it goes sideways, the bears will have the upper hand. 3. The newcomer index looks at the relative amount of entry funds <br/>The figure is the newcomer index calculated by hours. The newcomer index at 8 o'clock this morning soared again.