Alt Coins continue to lag the major digital currencies

BTG/USD

Bitcoin Gold has gone back and forth during the trading session on Thursday, losing a slight bit. The market continues to hover around the $40 level, but if we do bounce from here, I’m not interested in buying. I think that the $46 level has been resistance. I think that the market will continue to show plenty of opportunity to short Bitcoin Gold, because even though the Bitcoin markets are looking like they are trying to bounce, but we continue to see plenty of sellers jump in. Because of this, I anticipate it will be the same here.

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DASH/USD

The DASH market also rallied a bit during the day but has significant support just below. I think that the $340 level above would be massive resistance, extending to the $350 level. Ultimately, I don’t think we will be a way to break above there, and I think that every time we rally, there will be a certain amount of exhaustion that appears. When it does, I’m more than willing to sell this market as it would probably roll right back over towards the $300 level again.

XMR/USD

Monero traders rallied a bit during the trading session on Thursday, breaking towards the $175 level. The $165 level underneath is support, but I think it’s only a matter of time before the sellers return and push this market to the downside. I think that the $188 level will continue to be massive resistance, and therefore I don’t think that the market will be a will break above there. Most certainly, the resistance extends to the $200 level. It’s not until we break above there that I would be comfortable buying. Until then, look for signs of failure and start shorting.

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BTG/USD DASH USD and XMR USD Video 06.04.18