GMT20140605 18:30 Trend Analysis of Democurrency

Bitcoin:

The Bitcoin market is so inactive today. Maybe some big investors build positions in the morning in a row with a large trading volume. The trading volume becomes slight when they finish building in the afternoon.

This round market is driven by foreign market. But foreign investors are afraid of  Chinese government so they are cautious.

In the case of few wave of buying, the trading volume is slight but the price doesn’t go down. This shows the coin holders are more than confident.

If nobody play dice games, Bitcoin will go on rising and rising. But it maybe go down at price of 4200 when somebody play dice games then. 

No new comers enter the market until now according to the increments of weibo users and reddit users. It is the attenders in the market that push price to rise by 50% in this round. This is amazing. How high it rises only with the drive of attenders. What will happen if lots of new comers enter.

Altcoin:

Altcoin Index 1 is 6.23, down 0.1%. Altcoin Index 2 is 2.31, down 2.2%. 

Litecoin goes stronger than Bitcoin today. But as total trend, it is moving sideways.

Darkcoin goes down by 8%. 

Feathercoin rises quickly by 33% in a little volume.

There are some low value coins pricedoubling within one day. This phenomenon will happen again in the future. 

The market cap of top 10 altcoins is 90% of that of all altcoins. The decline of these coins lead Altcoin Index down. It is good to invest for future buy at low price as our strategies.