Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-29)

1. Price Trends
For the time being, we can follow the analysis on the 25th that "the price of 2850 may be caused by the buying of investors in the market", and regard 2850 as the dividing line between long and short positions. The current price has adjusted back to 50% before the market crash, just in the middle of the BOLL channel, which is the integer mark of 2900, and the chance of sideways oscillation is relatively high. The upper pressure level is 2920, 2940, and the support level is 2860.
2. The newcomer index looks at the amount of funds entering the market
The day before yesterday and yesterday, the newcomer index was close to 80. It seems that many newcomers have entered the market to buy at the bottom, which shows that the price has a certain tolerance. In the past two or three months, the number of newcomers has accumulated to a considerable extent.

3. The long-short index looks at the degree of recognition of value in the market
Yesterday morning, at around 2850, the long and short index showed a strong bullish sentiment, and the price rose as expected. The long and short index of the day was on the short side, but the strength was relatively weakened. The figure shows the long and short index at the hourly level.

The chart is updated in real time as of 09:30 on April 29. We will continue to observe how the data will develop in the future.

The article is provided by @币区势