Alt Coins Price Forecast March 1, 2018, Technical Analysis

BTG/USD

Bitcoin Gold fell during the trading session on Wednesday, as Bitcoin fell also. We ended up forming a shooting star on the BTC/USD chart, so it’s likely that we will find some type of bearish pressure in these alt coins, Bitcoin Gold included. I think that the $108 level underneath will offer support, extending down to the $100 level. Ultimately, this is a market that I think is trying to form a base but right now unless you are a longer-term trader, it can be difficult to start buying.

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BTG/USD DASH USD and XMR USD Video 01.03.18

DASH/USD

DASH traders sold off as well, dropping down towards the $600 level. This is an area that begins a significant support extending down to the $575 level. I think that the market will find plenty of buyers down in that area, and I think that given enough time we will bounce enough to reach towards the $650 level. If we break above there, the market will extend to the $740 level. If we break down below the $575 level, the market will probably go down to the $550 level, perhaps even as low as $500.

XMR/USD

Monero traders went sideways during the session initially on Wednesday, as the $300 level offered a significant amount of resistance. We broke down from there and it now looks as if we’re going to go down to the $280 level, perhaps even down to the $265 level. Ultimately, that’s an area that I think should bring in buying pressure, but we need Bitcoin and Ethereum to turn around before we can start putting money to work in Monero.

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