Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-21)

The daily line returned to the oscillation range, and the short-term market should pay attention to the market
1. Market trend <br/>The current price of Bitcoin is 4450 yuan. Yesterday afternoon, the four-hour K-line showed three consecutive small negative lines, falling from 4520 to the first support position of 4480, reaching the dead cross position, and then fell to 4420, followed by a small rebound. The daily line still returned to the sideways oscillation position, and the 30-day moving average supported at 4380. If the price falls to 4380, the daily EMA will form a dead cross, which is a bearish signal. The data in the past few days tends to be bullish. The medium-term recommendation is to buy on dips and buy more. Stop loss needs to be considered after breaking 4380.
The development path of Bitcoin may learn some experience from the hard fork of Ethereum in the past two days. The Ethereum community invalidated the ether obtained by hackers using the DAO vulnerability through hard fork. Some people commented that this was Ethereum's "collective violence and a centralized way of dealing with it", while others commented that "the hard fork itself is the result of miners' voting and is also a decentralized way of dealing with it". Compared with other digital currencies or digital assets, Bitcoin's voting rights are more decentralized, so it is difficult to reach a unified opinion on the choice of blockchain expansion or whether to hard fork. 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 at the hourly level. The long-short index in the past few days tends to be bullish, and the long-short index is more inclined to look at the trend of a few days.
3. Newcomer Index to see the relative amount of funds entering the market <br/>The chart shows the newcomer index calculated hourly. The newcomer index in recent days is close to 90, so it is recommended to buy on dips.