Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-12)

Range oscillation continues, and the number of newcomers increases
1. Market trend <br/>The current price of Bitcoin is 4,350 yuan. The current price has been fluctuating sideways for several days. As previously speculated, after continuous large fluctuations, the market needs some oscillating market conditions to recover. Those who are short should continue to wait patiently, and those who have positions should pay more attention to price changes.
How to open an order to get more benefits? 1. Everyone has different volatility and spreads. Some like to make a spread of tens of yuan, while others like to make a spread of more than 100 yuan; 2. Expecting to earn different spreads means different returns and risks. The positions of stop loss and take profit are also different, and the length of time of holding positions is 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 will 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. Set the price alarm, there is no need to watch the market all the time. Most of the time, trading is done by waiting patiently, opening a position only when you see it, and waiting and watching when you are hesitant.
Currently oscillating between 4320 and 4380, wait patiently for a breakthrough. Short-term support is 4320 and 4260, resistance is 4380 and 4450. 2. The long-short index looks at the recognition of the value of Bitcoin by the market <br/>The figure is the long-short index at the hourly level. The long-short index is relatively bearish, but the newcomer index tends to be bullish, wait patiently for the direction. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated on a daily basis. Yesterday, the newcomer index reached a relatively high level. According to the data, the number of newcomers entering the market yesterday was about 1.5 times the usual level. If this data continues for several days, it is still relatively bullish.