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

Volatility gradually decreases, sideways trading tests patience
1. Market trend <br/>The current price of Bitcoin is 4550 yuan. The market volatility has been gradually decreasing for four consecutive days, and it has been sideways for most of the time. The big direction may be coming out soon. Be patient and wait for a breakthrough. Many new friends don’t know how to choose the time to open a position. In fact, there is only one standard: open a position when the price breaks through. There are two types of price breakthroughs: A. Breaking through resistance or moving average golden cross to go long; B. Breaking through support or moving average dead cross to go short. When the coin price breaks through for the first time, we can choose to wait and see whether the price can stay sideways at the breakthrough position or whether the coin price has taken a step further in the direction of the breakthrough. It is a better operating habit to open an order only when the price breaks through. Most of the remaining time is spent waiting, and there is no need to watch the market all the time.
The current price of Bitcoin oscillates between 4500 and 4600, with short-term support at 4480 and 4320, and resistance at 4600 and 4750. Wait for the price to break through before taking action.
2. The long-short index looks at the recognition of the value of Bitcoin by the OTC market <br/>The figure shows the long-short index at the hourly level. The long-short index does not have a very clear indication. After the price fluctuates, everyone should pay close attention to the changes in the long-short index in the next few hours. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure shows the newcomer index calculated on an hourly basis. Some time ago, because there were more newcomers in the past half month, the number of newcomers was at a low level for several days. Now the newcomer index has returned to normal, with an index of about 60.