Alt Coins Price Forecast February 1, 2018, Technical Analysis

Bitcoin Gold

Bitcoin Gold fell again during the day on Wednesday and relatively light volume for most of the trading day, but there is an exception on a couple of the red candles. The $150 level is tested for support, and I think if we break down below where the market will go looking towards the $125 level and beyond. Rallies at this point would be selling opportunities, and I don’t have a scenario in which a willing to buy this market anytime soon. The one possible exception would be if we get a significant rally based on large volume.

BTG/USD DASH USD and XMR USD Video 01.02.18

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DASH

DASH traders went back and forth during the day on Wednesday, dancing around just below the $700 level. It looks likely as an area that could cause a bit of resistance, but the thing that I noticed the most on this chart is a significant lack of volume. That is the case with all crypto currencies, so the DASH market shouldn’t be any different. I look at rallies as a selling opportunity just waiting to happen and will look for exhaustive candles at higher levels to take advantage of. At this point, I have no interest in trying to buy this market.

Monero

Monero markets continue to be very noisy, as we dance around the $275 level. This is a very negative looking market though, so I think at this point any type of rally should be a selling opportunity, with the $300 level above offering significant resistance. As soon as we get some type of exhaustive candle in this very thin market, I’m willing to sell.

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