Alt Coins Price Forecast February 2, 2018, Technical Analysis

BTG/USD

Bitcoin Gold has broken down significantly and sliced through the $150 level to find the $130 level as I record this. In the market is in a freefall, and it’s likely that no matter what happens next, the $150 level is going to be massive resistance. This was massive support previously, and it would take something special to break above there as the volume has been so strong to the downside. At this point, I anticipate that we are going to go down to the $125 level, perhaps even the $100 level.

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BTG/USD DASH USD and XMR USD Video 02.02.18

DASH/USD

The DASH market has collapsed as well, making a fresh, new low. The $600 level will be targeted, but we could get a bit of a bounce in that general vicinity, but at this point I sell rallies as the volume is all to the downside. I think that the market should continue to reach down to even lower levels, and I think $600 will eventually give way to the $500 level as crypto currency markets are on winding again.

XMR/USD

Monero collapsed as well, and with almost no volume, it makes sense that we are going to go looking towards the $200 level next. I look at rallies as selling opportunities, and ultimately, I believe that this market will continue to collapse. In fact, Monero might be done.

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