Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-26)

1. Price Trends
Basically consistent with the analysis, the price of the currency rose to more than 3,000 yuan as expected, but it did not reach a very high level. It was attacked fiercely by the air force near 3,030, and fell 40 points in 10 minutes to around 2,980. It is still consolidating near 2,980.
The daily K-line has opened nine consecutive positive lines. The bulls may not have enough momentum to continue to move upward. There is a possibility of a correction to around 2920 in the short term. If there are no big investors cashing out and dumping the market, the chance of a correction below 2900 is not great. The short-term upward pressure is at 3030. The price around 3000 will stabilize and consolidate for a while. The market needs more funds to support the continued rise of the coin price.
The coin price will end the dull trend of nearly two months and usher in a more volatile market. The medium-term strategy is still to hold more coins, and the short-term strategy is to sell high and buy low to make a profit.
Litecoin is making up for the loss. The interests of the Litecoin community are far less complicated than those of the Bitcoin community. It may be able 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.
If Ethereum falls below 45, you should pay attention to stop loss. If you want to buy it for the long term, it is recommended to make a fixed investment or observe for two or three months before considering it.
2. The newcomer index looks at the amount of funds entering the market
Yesterday, Monday, the newcomer index was 63. The number of newcomers entering the market from the Spring Festival to now may be equivalent to the number of newcomers entering the market in the past six months of last year. When the price was around 2,700 in April, our daily data analysis showed that "the current level of newcomers can maintain the current coin price". Now the price has risen by 300 yuan. Those who continue to be bullish should be a little more cautious and keep an eye on data changes.

3. The long-short index looks at the market's recognition of the currency price
The recent correction after the price increase has caused the market to have a strong sentiment of bottom-fishing, but when the price rises, the market is not bullish. The long-short index of the day is still in the short position.

The chart is updated in real time as of 09:00 on April 26. We will continue to observe how the data develops next.
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The article is provided by @币区势