Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-11-25)

The medium-term direction is yet to be determined, and the short-term fluctuations will rise slightly
1. Market Trends <br/>Today is November 25, 2016. The current price of Bitcoin is 5170 yuan. Yesterday, the highest price was 5250 yuan and the lowest was 5050 yuan, with a fluctuation of about 4%.
The weekly line is still running on the Bollinger Band track, but compared with June, the weekly trading volume of foreign platforms has not increased. The weekly line is far from that in June, and there is a risk of forming a large double top.
After several days of consolidation, the daily line is close to the middle track of the Bollinger Band. The daily K-line has just touched the EMA7 period moving average, but the EMA30 period moving average is still around 4950. Looking at the daily line, the trading volume has not been enlarged or broken through after several attempts to reach 5400. There is currently a double top trend, with the neckline at 5100 yuan. At this key position, the battle between long and short positions was fierce yesterday, and there was even a price difference of more than 20 US dollars on different domestic trading platforms.
Looking at the hourly chart, the price of the currency dropped to 5050 yuan yesterday, and then quickly rebounded, releasing the power of short selling, showing the strong activity of the market. A large number of chips are piled up near 5100 yuan, and the second chip accumulation position is 5200 yuan. The current price is oscillating between 5100 and 5300, and the short-term is slightly bullish.
In summary, the mid-term market is still waiting for a direction, and it is slightly bearish at present. Friends who want to enter the market can wait patiently. 2. Price trend index "Bitcoin price trend index" is an indicator similar to the "long and short index" calculated by the currency zone based on the statistics of 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 the price trend.