Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-07-25)

The price of the currency is facing a breakthrough and short-term low-price positions are being built
1. Market Trends <br/>Today is July 25, 2017. The current price of Bitcoin is 18,500 yuan. Yesterday, the price of the currency showed a volatile pattern and is choosing a short-term direction, but the price center of gravity is constantly moving up. At present, the price is oscillating to the resistance line with a shrinking volume. After a large-volume breakthrough during the day, short-term long positions can be actively taken.
Looking at the 4-hour chart, the price of the currency has attacked the upper resistance line of the symmetrical triangle shown in the figure three times. After adjustment, the moving average system (5, 10, 20) shows a stalemate and the trading volume is gradually shrinking. Investors should pay attention to the fact that if the price breaks through the above resistance line with large volume during the day, they can actively go long.
Looking at the 1-hour chart, the currency price has broken through MA60, and the moving average system also shows a stalemate. The MACD indicator has crossed the zero axis from bottom to top. Short-term investors can actively build positions on dips.
Overall, the price of the currency has rebounded after a short-term bullish pattern. Since the decline is small, it shows that the bulls are strong. If the price breaks through the upper resistance line of the triangle in large volume, the upper resistance level is 19800. If the price falls below 17500, stop loss and exit.
2. Price trend index "Bitcoin price trend index" is an indicator similar to the "long and short index" compiled by Coinzone based on statistics from domestic and foreign Bitcoin trading platforms. The purpose of the indicator is to analyze the distribution of long and short forces in the current market in order to better analyze and judge price trends.