Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-08-26)

Risk Control for Bitcoin Transactions
1. Market trend <br/>The current price of Bitcoin is 3850 yuan. It tested the support level of 3830 twice yesterday, but was pulled back both times. It is still a small fluctuation of tens of yuan. Litecoin dropped from about 26 yuan yesterday morning to around 25 yuan at its lowest. Now it is 25.3. At present, the pullback of Litecoin has not brought much impact on the trend of Bitcoin. Bitcoin's daily K-line has a trend of forming an ascending triangle. You can try to buy and go long between 3800 and 3850, because the daily K-line has a trend of moving upward to form a golden cross. If it falls below 3800, stop loss for multiple orders. If it falls below 3750, it will be bearish. From the data, the long and short indexes have almost pointed to the zero axis in recent days, and long and short have appeared alternately, indicating that the market divergence is relatively large. The newcomer index is slightly flat. It is still a game of funds in the market. The market needs more time to adjust.
How to avoid risks in trading is the primary issue that many new friends need to consider. It is best to do the following: A. Do not open more than 2 times leverage at any time. Bitcoin's fluctuations can reach 30% to 50% within a few hours. If you hold a position for more than one day, do not exceed 2 times leverage, otherwise there is a risk of liquidation; B. Do not hold a full position at any time. If you hold a full position, you will miss many opportunities to continue to increase your position at the right price. If you like to do full positions, but you do not form good trading habits, although you earn a lot, you will also lose quickly; C. Do not hold a position if you don't have time to operate. The Bitcoin market trades 24 hours a day, and it changes rapidly. The price changes in a few minutes or even more than ten minutes. For friends who do not have short operations, if you do not stop loss in time, you will soon miss the opportunity. So if you are speculating in short-term, try not to hold orders during holidays and overnight; D. Do not operate multiple currencies at the same time. The price trend of each coin is different, even Litecoin and Bitcoin are different in many cases. Operating multiple currencies together will distract your attention and you cannot concentrate on doing better analysis.

2. The long-short index shows the off-market recognition of the value of Bitcoin . The figure shows the long-short index at the hourly level.

3. The newcomer index looks at the relative amount of entry funds . The figure shows the newcomer index calculated on a daily basis.