GMT20140707 22:20 Trend Analysis of Democurrency
Bitcoin:
Some selling those couldn't hold on pour out of market. Bitcoin price stays at $630 and will move sideways for some days. Then it will drop down again. It’s very probable to drop down to $580.
Market trend is going as what I has said, you just read latest trend analysis, and I don’t repeat again.
By the way, if Bitcoin moves sideways for a period, many people will leave the market, and market will return to its peace. If you have read Gulong’s novels, you will find a similar situation. One who has many enemies tries to closed train in a hill. When he succeeds and is ready to revenge himself to his enemies, he suddenly finds they are all dead. So is it in Bitcoin market. Those just toss and couldn’t hold their coins will disappear finally. So do not focus on these ones. I don’t bother about these cyber language violence, I have to be responsible to my thousands of readers, so I just delete their reply to not disturber readers. Those madmen never care about others’s feelings but their rage.
Altcoin:
Altcoins Index 1 is 4.76, up 3.9%. Altcoin Index 2 is 1.97, down 2.7%.
Somebodies still toss about LTC today. If so their coins will become less. The bear market is simple: those above $63 are all locked chips. When price is pushed high, the locked chips will be more than shipments. So either push price high to $63, or stop tossing.
This situation just reflects that market makers try to sell coins to make money at this price, and they go short. So bear market is going on and price will be lower.
http://www.bit-sky.com/index.php/english
