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June 12, 2014, 05:39:00 PM |
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Bitcoin:
I come to a clear conclusion on moving sideways that the price will fall down to 3500.
The selling pressure is only the new mining pools when the trading volume is extremely slight. Its price rises by 50%, and the market cap of new mining pools rises at the same rate. When the price is 2700, it rises; when it is 4000, it begins to fall. So the incremental fund everyday could afford a market cap of new pools 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.
Altcoin:
Altcoin Index 1 is 6.31. Altcoin Index 2 is 2.44. There are some wrong numbers on the coinmarketcap.org, so there is no need to calculate their change.
Generally altcoins fall down a little.
DOGE builds a beautiful bottom shape. just because that there are more trading centers, shops, wallets support DOGE. But there is a big compact district above 0.0003 and 0.0004, coupled with the threat of the LTC mining machine, so I am down on it. In the premise of the threat of mining machines, it’s difficult to be hyped for those coins with rapid declining computing power. If a psycho delete one month transaction records, the coin would be dead.
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