Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-18)

The number of newcomers is considerable, and the price is likely to rise.
1. Market trend <br/>The current price of Bitcoin is 4550 yuan. After the price broke through 4480 last night, it was considered a trend after the two-hour K-line ascending triangle pattern broke through, and it directly rose to 4600 yuan, reaching the upper edge of the 4200 and 4600 Bollinger band oscillation range. Last week's analysis said that the price may form a double top (falling) or a double bottom (rising). At present, the price may be more inclined to form a double bottom situation, and will follow this trend and go up a little bit. Those who are short at the current price, wait for it to break through 4600 before chasing more.
Many new investors do not know how to choose the time to open a position. In fact, the best standard is: open a position when the price breaks through. There are two types of price breakthroughs: A. Breaking through resistance or moving average golden cross to go long; B. Breaking through support or moving average dead cross to go short. When the price of the currency breaks through for the first time, we can choose to wait and see whether the price can stay at the breakthrough position or whether the price of the currency moves one step further in the direction of the breakthrough. If the price of the currency breaks through again after a period of time, then you can prepare to open a position. It is a better operating habit to open an order only when the price breaks through. Set the price alarm, there is no need to watch the market all the time.
Most of the time when trading, we are patiently waiting. We only open positions when we are sure. When we are hesitant, we just wait and see. Some platforms have automatic entrustment strategies. When the price reaches a certain position, we can automatically place a buy order. For example, we can set a breakthrough point of 4480, and automatically place a buy order without watching the market all the time. Everyone should also remember that the chances of a change in the market are relatively large from the afternoon of the last day of each holiday to the morning of the next day when normal work begins. 2. The long and short index looks at the recognition of the value of Bitcoin by the market <br/>The figure is the long and short index at the hourly level. Last night, the long and short index was slightly bullish. After the price rose, the bearish index accounted for the majority. The current price is sideways, and the short positions are waiting for a breakthrough. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated on a daily basis. The newcomer index has been good in recent times.