Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-02)

The direction is unclear, wait and see for a breakthrough
1. Market trend <br/>The current price of Bitcoin is 3,830 yuan, and it is still trading sideways at a few dozen yuan. The market is not active, and we expect greater fluctuations and larger trading volumes to indicate the direction of the market. The weekly K-line has a downward trend and stabilizes. The sideways trading of the weekly K-line has shrunk, and many people who are impatient to wait have been washed out. The current price is in a relatively balanced state. If it rises to a certain position, someone will suppress it, and if it falls to a certain position, someone will protect the market. However, this sideways state will soon be broken. The trading volume has shrunk to a very small level. The daily trading volume is only equivalent to one-tenth of the peak period. The market is extremely deserted, and the space for large and retail investors to operate is very small. When the market is the most deserted, the general direction is easy to come out.
At present, the mid-line direction is unclear, and it is recommended to wait and see for a larger direction. From the data, when it was sideways around 3,800 in the past month, the market tended to be bullish. If there is no major negative news, there is no need to worry about the market falling sharply. The current problem requires more newcomers and more funds to enter the market. 2. The long-short index looks at the recognition of the value of Bitcoin outside the market <br/>The figure is the long-short index at the hourly level.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.