Alt Coins fall during the week again

BTG/USD

Bitcoin Gold fell significantly during the week, breaking down towards the $43.50 level. Now that we are below $50, I think it’s can be difficult to find buyers in this market, unless the entire crypto currency space can find some life again. It’s not until Bitcoin rallies that Bitcoin Gold can be touched to the upside. Currently, I believe that even if we do rally, it will be a nice selling opportunity.

DASH/USD

The DASH market fell significantly during the week, breaking down below the bottom of the shooting star from the previous week. That of course is a negative sign, as we reached towards the $300 level. The level should be supportive, based upon the consolidation that we had seen previously. If we break down below that level, I think that the market then goes down to the $200 level. If we break down below there, the market could unwind rather drastically. We need to see some type of supportive candle to get involved to the upside. Currently, we don’t have one.

XMR/USD

Monero markets fell significantly during the week, crashing into the $160 level, an area that had been supportive in the past. If we can break down below the $150 level, I think that the market then becomes negative in general. I think that the market unwinding at that point would breakdown to the $80 level over the longer term. Otherwise, if we can rally above $240, the top of the shooting star, then I think you could be a buyer, but I doubt that’s going to happen anytime soon.

Bitcoin Gold DASH and Monero Video 02.04.18