GMT20140613 4:20 Trend Analysis of Democurrency

The wave of selling has been released, so the price begin to rebound.

There is a compact district at ￥4000-4200 according to the trading volume and orders. If the trading volume can’t become higher in a short time, it hardly tends to go up .

The properties of Bitcoin decide the impossibility of sudden good news. So the incremental fund will be tender before bitcoin creating a new high.

So it tends to rebound slowly to around 4000 and decline before another moving sideways.

3500 is determined by my intuition. The exact next low point should be predicted at that time.

I will not go short just for such low aptitude. I hope everyone not to trade.

I have tried at Feb and found that it is painful to go short if you believe Bitcoin price will skyrocket. Because you will feel panic every time it rises. And vice not versa, if you don’t believe Bitcoin price will skyrocket,just leave it, because future market is better for going short.

Altcoin Index 1 is 6.39, up 1.3%. Altcoin Index 2 is 2.31, down 5.2%.

The market is bleeding, so altcoins are weak.

I think over the Litecoin mining machines today, and find out that 4300 LTC mining machines can double the computing power of LTC. Doge computing power is just 1/8 LTC computing power. Thus 500 mining machines will kill doge. Silverfish could kill doge just using his inventory machines. So horrible!