Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-27)

1. Price Trends
Bitcoin : The current price is still around 3,000. 3,000 is a strong resistance level. It failed to stand firm after multiple attempts at the beginning of the year. If it can stand firm at the 3,000 mark this time, the strong resistance level will become a strong support, and it will not be easy to return to 2xxx yuan. Today's daily K-line pattern is a small negative line, and there is a lack of upward momentum. However, after many days of small positive lines, there is still no obvious accelerated upward trend. At the current price, it is still not suitable for short selling. It is recommended to buy on dips and hold the currency. The 3,000 mark may oscillate back and forth.
Litecoin : Yesterday, we said that "Litecoin will make up for the normal rise", which means that the chance of a correction is small and the amplitude will not be deep, so it is not suitable for short selling. It was pulled up from 25.5 to 28 in the middle of the night, and has now been pulled back to 26.2 to form an upper shadow line. According to the price history, such a daily line that forms an upper shadow line shortly after the rise will generally not have a deep correction. Litecoin is expected to solve some problems that Bitcoin has encountered, or serve as a supplement to Bitcoin. It can be held for the long term, but short-term trading is not recommended.
Ethereum : Ethereum has hit the bottom again. If it cannot stabilize above 45, the price will most likely continue to go down. When it was still above 70, the news said that nearly 50% of the coins had not been moved, indicating that there is a large number of coins that have made tens of times the profit and have a continuous demand for cashing out. In addition, the selling pressure of new coins is not small. It is not recommended to hold in the short term.
2. The newcomer index looks at the amount of funds entering the market
In the past two or three months, the number of newcomers has been considerable, but the number is not very large these days. When the price was around 2,700 in April, our daily data analysis indicated that "the current level of newcomers can maintain the current price of the currency." Now the price has risen by 300 yuan. Those who continue to be bullish should pay attention to data changes.

3. Sentiment index looks at the excitement of the market about the price
The data shows that as prices rise, the frequency of price discussions in the market increases, which indicates that more and more people are participating in the transaction. However, the entire market is limited in size and capacity, and it is impossible for unlimited funds to participate. Judging from the sentiment index, it is not suitable to chase more at present.

The chart is updated in real time as of 10:00 on April 27. We will continue to observe how the data develops next.
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The article is provided by @币区势