Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-21)

1. Price Trends
Over the past month, we have combined the analysis of data and concluded that the main conclusion is bullish. Although there have been rapid and large-scale suppression during the period, the price has basically gone out of the trend of slow growth. After consolidating around 2700 for nearly a month and a half, a relatively strong support has been formed. If it effectively breaks through 3000 points, it may open up another world. As the halving is approaching, the price is around 3000 yuan, and it is still likely to continue to break through. Now there are about 100 points away from the strong resistance level of 3000 points, and it may still need a strong pull to break through. The recommended strategy is to continue to hold low-cost long orders, hold more coins and do less short-term, and do not short even if you are bearish.
2. The newcomer index looks at the amount of funds entering the market
I have been saying that the entry funds can maintain the current price of the currency. The level of newcomers has been high in the past two weeks, perhaps bringing in a lot of funds, and has only started to work hard in recent days. Yesterday, the level of newcomers was also pretty good, reaching 60.

3. The long-short index looks at the market's recognition of the currency price
The off-market buying funds and the change of long and short opinions in the market may be the driving force for the rise in recent days. The short power of the long and short index has been greatly weakened.

The above data is updated in real time, and the chart was updated at 09:00 on April 21. We will continue to observe how the data will develop in the future.
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