GMT20140628 16:40 Trend Analysis of Democurrency

Bitcoin:

There is a motion at 13:00, firstly they make wash trades and “pump and dump”, then huobi bug makes a fake price down to $560, finally Bitcoin price dives. Maybe it is because someone goes short Bitcoin at the delivery time of 796.

As a commonplace goes, the Bitcoin pool is too small that a frog can pretend to be a crocodile.

There is another commonplace that the so called crocodile (financial tycoon) just be a seaman after a tsunami. The frog and the tsunami is disproportionate and inconsistent, but this is a truth in Bitcoin world.

The shape of double hips has formed, and there is a strong support at $580. The trend in June is a cope of that in April and May. There is no doubt that Bitcoin price will go up.

There was good news in Swiss for Bitcoin, and now what happens in Spain and the deal of China and USA are also great good news. It’s clear that an unprecedented trend is coming. As mentioned before, it needs a time to create a new high. It would take half a month to go up to $830, and then move sideways for a month there, and move sideways again at $1160, which would happen in late September. So the time the trend occurs this year would be similar to last year. It will be one crazy month after a new high.

Altcoin:

Altcoin Index 1 is 5.98, down 2.5%. Altcoin Index 2 is 2.46, down 4%.

LTC and DOGE are still going down weakly.

Many other altcoins are going weakly.

The new star in these days is Vericoin, and I would not commend it just for so extreme shortage of market fund. As I always say, not try to kiss every woman. you’d better not make this money.