Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-03-27)

The overall market is weak and short-term risk control is necessary
1. Market Trends <br/>Today is March 27, 2017. The current price of Bitcoin is 6660 yuan. Yesterday, the price of the currency rose at the opening, and there seemed to be no correction afterwards, forming a big positive line with no head and feet in the daily level chart. However, since the entire market is on the way down, we should be cautious about bullishness and wait and see.
Looking at the weekly chart, the long arrangement of the moving average system (5, 10, 20) began to be destroyed, the MACD indicator appeared a dead cross in the strong area, and its bar chart returned to run below the zero axis, indicating that the overall market is still weak. Last week, the chart of this level showed a big black line with a bald head and broken feet, indicating that the short side encountered resistance in expanding its victory. So far, the decline in the price of the currency is supported by the middle track of the Bollinger Bands, so pay attention to risk control.
Looking at the daily chart, the moving average system is still in a short position, the MACD indicator continues to be blunt in the weak area, and the red column representing the strength of the short side is large, indicating that the price of the currency at this level still has room for adjustment. The trends of the stochastic indicator and the strength and weakness index are not consistent, indicating that the market has great differences in the future trend and cannot reach a unified opinion.
In general, the overall weak situation of the currency price has not changed. The daily K-line is supported by the 120-day moving average, and the weekly level is supported by the middle track of the Bollinger Band. Although some indicators in the smaller level chart show temporary stop-loss indicators, they have no real significance. The market will have to go through sufficient shocks and wash out before an optimistic rebound will appear.
Judging from the data, the market has been bullish in recent times, but the number of new investors has decreased significantly. Only when external funds entering the market resume increasing, may we usher in a better market situation.
2. Long/Short Index
As shown in the figure, this is the daily long and short index.