Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-10-12)

The price of the currency will consolidate in the short term and choose a new direction
1. Market trends
On October 12, 2016, the current Bitcoin price was 4320 yuan. After breaking through 4150 yuan yesterday, it rose by 200 yuan, reaching a high of around 4360 yuan. The price trend is basically as we expected. Since mid-September, our analysis has always been to go long in the medium term, from 3950 to the current 4350 yuan, a return of about 10%. Mid-term investors should first recover some of their profits and wait for an opportunity to enter the market again. The market volatility will become larger, and short-term investors will have a chance to make more profits.
After the daily line has been rising with small fluctuations for nearly 20 days, it reached the end of the ascending triangle yesterday and finally received a large positive line, breaking through the upper track of the Bollinger band. The weekly K line just passed the middle track of the Bollinger band. In the short term, it may take time to consolidate and re-select the direction.
From the data, when the price was hovering at 4330, the long-short index indicated that the market was generally bullish, and then the price was pushed up to around 4360. At present, it is 4320, and some people are trapped by the difference of 20 to 30 yuan. 2. The long-short index looks at the recognition of the value of Bitcoin by the OTC market <br/>The figure shows the long-short index with a period of 1 hour.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.