1.The key to bitcoin long-term trend :policy
Whether bitcoin price increases to 8000 yuan or decreases to 2500yuan ,it depends on the policy .Also ,with more positive report on CCTV in 2013,bitcoin attracted much attention at one night .
Those who is familiar with speculation market knows bitcoin price and value is completely deviant .With Chinese speculation mindset ,bitcoin price in China is much higher than the world .
With the policy released on 5th December ,2013 from central bank of China ,the previous positive report was changed into passive report .Meanwhile ,Chinese bitcoin investors become more sensible .What investors think most is not whether bitcoin price increases to 10 thousand dollars ,but whether its price is worth to 1 thousand dollars .Later ,a series of policy stabilizes bitcoin price .
2.The key to bitcoin middle-term trend :investors mentality
Chinese culture is group culture .When one person buys bitcoin ,more and more people may follow him .
Compared with other investment ,bitcoin is more suitable for the public because it’s easy for investors to get first hand information .And some clever investors may use clients anticipation and emergency to operate the trend .
3.The key to bitcoin short-term trend :technological graphical analysis
When analyzing the trend ,most investors only analyze a trend table .Of course ,it enjoys quite a few advantages ,but exists some limit .This kind analysis only can be known the short-term trend because it may be affected by more factors with longer time .
So:
1.Simple analyzing way may be more useful .For example , I only use trend line and two average lines .
2.Remember ,when bitcoin price should increase but it hasn’t ,then it may increase .When its price should decrease but it hasn’t ,then it may decrease .
Summary :grasp the trend correctly should analyze the 3 points .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
Source
http://www.btcfans.com/article-5405-1.html
