Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-18)

1. Price Trends
The current trend is still not very clear. The price once rose to around 2810 on Friday, but it stayed above 2800 for less than 4 hours, and then began to slowly go down. The selling pressure above 2800 is not small. In the morning, the price once reached the support level of 2760, and then rebounded to the current level of 2780. The upward resistance level is 2820 and 2850, and the downward support level is 2760 and 2740. In the recent sideways and oscillating market, the interest of spot leverage may be more expensive. If you want to use leverage, it is recommended to switch to futures, open a small multiple of leverage, and keep enough margin. The Bitcoin ecosystem is gradually expanding, and the uncertainty and randomness of the development of the Bitcoin ecosystem are also very high. Let's look forward to the arrival of the next special event.
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
The long and short index shows that the wait-and-see atmosphere is relatively strong in the past two days.
The above data is updated in real time, and the chart was updated at 10:00 on April 18. 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, dealers 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.
---------
The article is provided by @币富网