The average price of BTC once again the impact of key resistance significantly underpowered,
The confidence index to run low price or will release a narrow range of vibration signal
From the market transaction data, the average price of BTC last week after a brief period of the platform after finishing began to rise, but the lack of volume with the volume significantly enlarged. On the whole, the current average price of BTC again to the previous high point rebound attack, 4000USDT price has shown a great pressure on the lack of volume with the average price of BTC under the resistance.
Active data from the chain, with the price of the market platform uplift, continue to challenge the high, the chain of the stock and incremental data have stabilized, and there are large sums of money to start movement actively layout, but has not yet formed an effective “herding effect”.
From the technical stability, last week the average network stress BTC synchronous uplift and the average price shocks in the second half of the week, but the miners’ fees fell rapidly, and two secondary market prices out of that chain differences, trading momentum is not strong, to a certain extent will weaken the price support.
Conclusion: at present, 4000USDT has become the price of the average price of BTC key resistance at present price, either volume, or chain data did not support the formation of an effective price break resistance. Last week, the confidence index fell below the 50 collective line, especially the long-term confidence index dropping again low, the release of price signals to break the resistance is still difficult to a certain extent. At present, the average price of BTC repeated shocks in the range of 3700-4000USDT the probability of a large, pay attention to control costs and positions.
A market transaction data
The average price in March 17th five major exchange BTC 4004.51USDT, is up 2.13% from the week before. Last week, the average price of BTC after a brief period of the platform after finishing began to rise, but the lack of volume with the volume significantly enlarged. Last week the price variation coefficient in the second half of the week went wide, and to the next and the exchange rate through the trend line; wide fluctuations in the second half of the week, a weaker correlation coefficient; charge provided currency data provided with lifting, the correlation coefficient of currency data back to the normal level and charging currency address data merged with the correlation coefficient of convergence. On the whole, the current average price of BTC again to the previous high point rebound attack, 4000USDT price has shown a great pressure on the lack of volume with the average price of BTC under the resistance.
Two, the data chain
1, BTC block chain activity data
Last week, the chain added address number, address and number of single phase active single stage active address number average transaction show fell after the state has stabilized. A small number of slower growth and wealth. There are signs of stagflation, large wealth address sudden force, out of the “one pillar to prop up the sky” features. On the whole, with the price of the market platform uplift, continue to challenge the high, the chain of the stock and incremental data have stabilized, and there are large sums of money to start movement actively layout, but has not yet formed an effective “herding effect”.
2, BTC address distribution of wealth
3, BTC stability data
From the technical data, last week the whole network average force synchronous uplift and BTC average price shocks in the second half of the week, but the miners’ fees fell rapidly, and two secondary market prices out of that chain differences, trading momentum is not strong, to a certain extent will weaken the price support.
4, Chaindigg confidence index
Whether it is a digital currency investors, bricks, or block chain maintenance including chain traders, miners have faith and development, the technology is expected for the digital currency, together is the blockchain ecological chain to play in the future development of digital currency confidence. “Confidence is more important than gold is the true saying, lack of confidence in the transaction price of kinetic energy shortage, the market of the two digital currency is difficult to form a unilateral upward market. Although the confidence index of cover and contain everything can be traced, but still, including the spot market confidence confidence and long-term confidence, confidence spot refers to the ecological chain participants of digital currency short-term understanding and anticipation; long-term confidence is a number of ecological chain participants to play in the future development of digital currency expectations. There is a unity of contradiction, can be synchronized, or departure from the synchronization is easy to reach the expected departure from the consensus, increase the differences, the confidence index is the game between the spot and forward the results of confidence confidence.
Chaindigg confidence index fell below 50 last week in the collective line, although usually occurs during the second half of the week, but as of the report date is still below the 50 line, clearly reflects the lack of confidence in the market, especially the subsequent price trend, the long-term confidence in the recovery after a short one week before again deep lows. Signal Chaindigg confidence index to a certain extent, the release price is still difficult to break through the resistance.
Disclaimer: This report involves the views are comprehensive judgments based on analysis of the data, not only as a reference as the basis for investment, currency speculation risk investment need to be cautious.
Chaindigg data analysis team
Third, appendix: Index Interpretation
Total turnover: 5 exchange traded daily number BTC.
Average price: five exchanges daily average price.
Price variation coefficient: 5 maximum / average price of exchange price.
The price variation obtained by the price variation coefficient of 7 day average trend smoothing.
Exchange rate: new trading volume / issue.
Charge provides currency amount of correlation coefficient, calculated by week filled currency amount of correlation coefficient, correlation between the two dynamic observation.
Address: charging currency correlation coefficient calculated by week filled currency address correlation coefficient, the correlation between the two dynamic observation.
The number of newly added address: chain only address.
Single phase active address: Statistics of time, at least the number of addresses a payment transaction.
Single phase active number average transaction chain address: address the number of active daily average transaction.
The number of small fortune address: more than 1BTC below the number of 100BTC addresses.
The number of large wealth address: more than the number of 1000BTC addresses.
The average block time: average block time.
The new block chain: the number of new blocks.
Circulation: the total amount of currency issued on the chain.
The average transaction costs: all transaction costs mean value chain.