Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-04-16)

1. Price Trends
The price is similar to our recent view: above 2700, there is a resistance level of about 20 yuan. After stabilizing at 2760, it will directly go up to around 2800. Yesterday, it reached a high of 2796, and now it is maintained at 2780, close to the upper track of the Bollinger line. When the price pierces the upper track again and stabilizes above 2800, you can try to chase more, with a target price of 2850 and a stop loss of 2760 and 2740. The probability of pulling it up in one step is very small, and it may still go up slowly in the form of slow rise and oscillation (it is not ruled out that there will be big players cashing out and smashing the market). In the recent market, the interest of spot leverage is not small. 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 much. 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 average level of new entrants in the past few days is much higher than the average level after the Spring Festival. The amount of funds brought by the recent entrants may be enough to maintain the current coin price.

3. The long-short index looks at the market's recognition of the currency price
Yesterday's hourly long-short index showed that the market's view was slightly bullish. The data for the whole day was not very biased towards the short side. The rise in the price of the currency may still rely on off-market funds.

The above data is updated in real time, and the chart was updated at 10:00 on April 16. 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 @币区势