20160822 Big data shows the trend of currency prices. The price of currency has risen slightly, and the daily line has gradually formed a double bottom.

1. Market trends

The current price of Bitcoin on Huobi is 3890 yuan, which is similar to expectations. After the price bottomed out above 3750, it slowly rose in the form of small fluctuations. The highest price reached around 3920 on the weekend, which is still a distance from the integer mark of 4000 yuan. The 12-hour line is sideways at the golden cross position, and the daily line is consistent with our analysis in recent days, forming a double bottom trend. The selling pressure in the market is not very large, but the willingness of large funds to intervene in the market is also low. When the entry funds and the market selling pressure are equal, the price of the currency is balanced. The support below is 3800, and the larger resistance above is the integer mark of 4000. From the data, the market was more bullish in the past few days, and now the price has risen a little, and many people have chosen to wait and see. Newcomers have hit the bottom, and the value is about 50.

For those who hold coins in the medium term, they can still implement the strategy of buying in batches, buying some coins every few dozen yuan or every period of time to obtain an average price.

2. The long-short index shows the recognition of the value of Bitcoin by the OTC market

The chart shows the long and short index at the hourly level.

3. Newcomer Index: Relative Entry Funds

The chart shows the newcomer index calculated on a daily basis.