Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-13)

The price broke through resistance three times, and the newcomer continued to climb higher
1. Market trend <br/>The current price of Bitcoin is 4450 yuan. Yesterday, the price broke through the short-term resistance position of 4380 three times, and the price rose directly to 4500 when it broke through for the third time. Both the four-hour line and the six-hour line showed a golden cross state. From a larger range, the price is still oscillating in the range of 4200 to 4600, and 4200 has become a temporary bottom.
What kind of thinking should be overcome in Bitcoin trading? 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 greater 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. The long and short index slightly turned to bullish. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated by hour. The newcomer index reached a relatively high level in the past two days, and the newcomer index at 8 o'clock this morning seems to be still relatively high. If this data continues for a few days, it will still be bullish.