Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-19)

1. Price Trends
The daily K-line seems to have formed an ascending triangle pattern, with the lows rising continuously. Starting from 2610, the entire pattern lasted for a whole month, bottoming out at 2610, 2650, 2690, etc. After passing 2700 in recent days, the price has been rising relatively steadily, and the price encountered resistance near 2820. The current price is near the upper track of the Boolean channel and close to the upper side of the daily large triangle. You can try to go long here, with the upper resistance at 2820 and 2850, and the lower support at 2760 and 2740.
2. The newcomer index looks at the amount of funds entering the market
The number of new entrants is usually small on weekends, and the average number of new entrants from Monday to Friday last week has climbed higher. The amount of funds brought in by the recent entrants may have been able to maintain the current price of the currency.

3. The long-short index looks at the market's recognition of the currency price
Yesterday the bullish and bearish index turned bullish.
The above data is updated in real time, and the chart was updated at 10:00 on April 19. We will continue to observe how the data will develop in the future.
PS : Cryptocurrency investment is particularly risky, including but not limited to large coin hoarders dumping their coins, market makers manipulating the price of coins, and systemic risks of cryptocurrencies themselves. This article is for reference only. The market changes 24 hours a day, and the description in this article also has certain time limits and limitations. Investors are responsible for their own investments, and the author of this article or related websites are not responsible for the specific investments of investors.
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