BTG/USD
Bitcoin Gold fell slightly during the trading session on Monday, as we continue to reach towards the $50 level again. With Bitcoin and Ethereum both struggling, Bitcoin Gold is going to do poorly. I believe that rallies are selling opportunities, and I’ve got no interest in trying to pick the bottom of a market that has no momentum whatsoever.
DASH/USD
DASH traders sold during the trading session on Monday, breaking through the $400 level again. I think we are going to go looking towards the $350 level underneath, perhaps down to the $300 level underneath, and an area that has been very important. I think that the market continues to show negativity in general, and I think that every time we rally, there will be sellers coming back into this market. In fact, it’s not until we break above the $500 level that I think there will be enough confidence in this market to start buying. I believe that $300 could very well be the next major fight.
XMR/USD
Monero markets rolled over as well, as you would expect. The market continues to show a lot of volatility, but I think that it is only a matter of time before sellers come in and punish any type of rally. The $160 level is a major support level underneath, and I think it could continue to keep the market somewhat afloat, but if we break down below there, I think the market drops down to the $100 level longer term.