Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-20)

The price of the currency fluctuates slightly, and the short-term trend is bullish
1. Market Trend <br/>The current price of Bitcoin is 4060 yuan, which is basically the same as yesterday. It bounced back after testing 4050 twice, but the fluctuation is so small that it doesn't mean anything. The price of the currency still hasn't shown a big trend. The short-term oscillation range is 4000 to 4100 yuan, and the long-term oscillation range is 3800 to 4200 yuan. Short-term operations still need to wait for a breakthrough or place an order, down to 4000 or up to 4100. Before falling below 3800, the mid-term can still try to buy on dips.
The mid-line bottom of 3800 has been successfully constructed. It is possible to try to make another bottom at 4000 yuan, forming a range bottom of 3800 to 4000. If it cannot stand above 4000, it may still return to the range of 3800 to 3900. If it goes back, it will be a very good opportunity to go long. If a solid big positive line or a solid big negative line appears on the daily K-line near this price, it is a clear mid-line long or short conversion signal.
From the data, the long and short indexes have tended to be bullish in recent days, and the newcomer index was close to 60 yesterday, which is not bad. There is no fluctuation in the sideways market, and the funds in the market cannot gamble. Since the beginning of this year, the Bitcoin market has undergone some changes. 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 outside world <br/>The figure shows the long-short index per hour. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure shows the newcomer index calculated on a daily basis.