GMT20140612 12:20 Trend Analysis of Democurrency

Bitcoin:

I come to a clear conclusion that after moving sideways the price will fall down to 3500.

The selling pressure is only from the new coins when the trading volume is extremely slight. Its price rises by 50%, and the market cap of new coins rises at the same rate. When the price is 2700, it rose; when it is 4000, it begins to fall. So the incremental fund everyday could afford a market cap of coins ranging from 2700 to 4000. This exact number is hard to be affirmed, but I assume it is 3500.

The price falls, then the market cap of new pools becomes small, and the price will be stable. After that it will rise again.

This round trend is likely to last round. It rises slowly before creating a new high. After creating a new high, a lot of money out there on the sidelines enter the market, and its price will surge.

Its trend is so likely to that of bamboo.(baby bamboo grows slow, and adult bamboo grows extremely fast)

Altcoin:

Altcoin Index 1 is 6.31. Altcoin Index 2 is 2.44. There are some wrong numbers on the coinmarketcap.org yestoday, so we don’t give change percentage today.

Generally altcoins fall down a little.

Doge built a beautiful bottom shape ，just because that there are more trading centers, shops, wallets support DOGE. But there are 2 big compact districts at 0.0003 and 0.0004, coupled with the threat of the LTC mining machine because of it’s short halflife, so I am down on it.