Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-27)

Daily line may stabilize and trading volume surges
1. Market Trends <br/>The current price of Bitcoin is 4045 yuan. There were two small increases yesterday afternoon. The first wave increased from 3990 to 4010 yuan, and the second wave increased from 4010 to around 4070 yuan, with the highest increase of about 2%. Yesterday's increase can be said to have broken the balance of the market and temporarily reversed the trend that the price of the currency may continue to go down. After the increase, the daily K-line has stood above the 7-period and 30-period moving averages again, which is a more bullish signal. In addition to the signals on the moving average, another bullish signal is the hint from the trading volume. We can see that on many platforms at home and abroad, the trading volume generated by yesterday's small increase was even larger than the trading volume on August 3 when the price plummeted from 4000 to 3000 yuan. We know that the human factor is very large in terms of trading volume, but no one will be idle enough to do so much trading volume on each platform. Everything has a reason.
If there are no special accidents, there is no need to worry about breaking below 3800. If several small positive lines are closed in succession in the next few days, or the weekly line stands above 4000 this week, you can boldly buy and go long. The medium-term may usher in another wave of considerable upward trend.
From the data, when the first wave of price increase reached 4010 yesterday, the market was generally bullish. Then there was a second wave of price increase. When the price rose to around 4050 and traded sideways, there was no strong bearish sentiment. The newcomer index has accumulated a little bit in the past period of time, and has not changed much in the past two or three days. 2. The long-short index looks at the recognition of the value of Bitcoin by the outside world . The figure shows the long-short index every 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.