GMT20140611 15:04 Trend Analysis of Democurrency

Bitcoin:

The trend today totally leaves their operation marks. The trading volume isn’t too small or too big. So many transactions are wash trades today.

They push up price, then crash the market greatly in the morning; they push up price and crash again in the evening. It’s likely that some big investors quit the market. It must not be market makers according this fund volume. Price has been moving sideways for 10 days. The incremental fund is limited, and some big investors are selling, so the balance is inclining at the side of wave of selling. A day passed, and they will gain a more chip.

If you aren’t fear of the falling, it will not fall deeply.

Altcoin:

Altcoin Index 1 is 6.3, up 1.7%. Altcoin Index 2 is 2.42, up 4.3%.

There is some offset in these indices. But It does not matter. Altcoins price generally change moderately. DOGE rises a few, but the pressure above is too much. It will not get better in the near future.