GMT20140708 15:10 Trend Analysis of Democurrency

Bitcoin:

Bitcoin moves sideways today. It will go down to another platform after sideways for a few days. And it’s no doubt to drop down to $580.

This shape is not as bad as to turn to a double-head shape. It will rise up again when it drops down to $580.

Altcoin:

Altcoins Index 1 is 4.89, up 2.7%. Altcoin Index 2 is 2.04, up 2.6%.

Somebodies still toss about LTC today. But LTC price rises today.

Driven by LTC, altcoins almost rebound, and Darkcoin rebounds by 17%.

The number of new mined LTC every day is 30,000. If market makers really wants to increase their postion, they should crash market. This is because the lower the price , the more anxious miners sell, and the lower the market makers buy in. Their current behaviors prove that they are ready to sell at current price. Why? It is clear that LTC is the second largest Democurrency and it will finally raise, and why to escape from that?

However I am happy on that, so we can buy such coins with less money from them.