Alt Coins pull back to begin the week

BTG/USD

Bitcoin Gold rallied over the weekend, but Monday found some profit-taking to be the order of the day. As I record this, we are hanging about the $50 level, an area that should remain important. The $55 level above is the top of a resistance barrier that we are currently trying to take out, so recognize that any movement to the upside would be a bit choppy, but it does look like short-term pullbacks should be buying opportunities based upon value. When I look at the chart, it appears to me that we are forming some type of bottoming pattern.

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DASH/USD

The DASH market broke down initially during the week, as the $380 level offer too much in the way of resistance. We pulled back to the $350 level, an area that of course is important due to the large, round, psychological significance of the number, and of course the fact that it has previously been resistance. I believe that the market will continue to go back and forth, and I think that perhaps value hunters will come back into the marketplace, but I also recognize that the $400 level above will be very difficult to break through and continue higher.

XMR/USD

Monero markets pulled back during the session on Monday, as the $200 level has caused a bit too much in the way of resistance. I believe that the market has a significant amount of support underneath that the $185 level as well. If we can break above the $205 level, then I think the market will continue the uptrend towards the $215 level. I think that regardless, it’s going to be choppy, so I would be very cautious about adding too much too soon.

BTG/USD DASH USD and XMR USD Video 16.04.18

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