Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-14)

Try to buy on dips in the short term, and wait patiently in the medium term
1. Market trend <br/>The current price of Bitcoin is 4380 yuan. As expected, the fluctuation of the currency price has gradually decreased in recent days, and it is still a slow rise and fast fall and sideways oscillation trend, indicating that there is a certain selling pressure in the market. In the short term, from the three declines after 4520 yesterday, the trading volume is decreasing each time (generally, the trading volume can only increase, not decrease), indicating that fewer and fewer people participate in the transaction, and the market is in a wait-and-see mood. From a larger range, the price is still oscillating in the range of 4200 to 4600. It is not advisable to act rashly in the medium term, and wait patiently for the arrival of the general direction after the breakthrough. In the short term, you can temporarily buy on dips.
What kind of thinking do you need to overcome when trading Bitcoin? 1. No opinion, like to inquire about 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. Long and short index to see the recognition of the value of Bitcoin outside the market <br/>The figure is the long and short index at the hourly level. The data shows that there are more bottom-fishing in the morning's decline. If it drops again, you can try to go long in the short term. 3. Newcomer index to see the relative amount of funds entering the market <br/>The figure is the newcomer index calculated by hour. There were relatively more newcomers entering the market in the first three days, and it returned to normal today.