Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-21)

A slight drop in early trading means the market is losing patience?
1. Market trend <br/>The current price of Bitcoin is 3960 yuan. From 7:55 to 8:05 this morning, the price was pushed down to 3890 yuan in ten minutes. Now it has recovered 50% of the total decline. The daily K-line was just suppressed to the 7-day moving average, and the daily K-line entity was below the 30-period EMA, which is relatively bearish. For the early morning price drop, like last time, there is no negative news. In the short term, 4000 points have been temporarily lost, and it is possible to return to around 3900 and go sideways. For mid-term buy on dips, you can also try to place orders near 3900. If it falls below 3800, consider stop loss.
From the data, there were more bearish investors yesterday and more bullish investors last night, but the data is not very obvious. The newcomer index has rebounded in the past two days. Since the beginning of this year, the Bitcoin market has changed slightly. Many big Vs who previously invested in Bitcoin have invested in other new currencies. For new investors, we still recommend investing only in Bitcoin, as the market is large enough and the system's risk resistance is strong enough. 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 per 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.