Alt Coins show signs of weakness yet again this past week

BTG/USD

Bitcoin Gold tried to rally during the week but failed as all crypto currencies did. In fact, all the crypto currencies that I follow here at FX Empire have formed a shooting star at the bottom of a down move, suggesting that even further selling pressure is coming. The Bitcoin Gold market looks especially susceptible, as I don’t have a bottom in sight.

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DASH/USD

The DASH market rallied initially during the week but found enough trouble near the $350 level to roll over and form a bit of a shooting star. The shooting star suggesting to me that we are going to continue to try to press and break down below the support underneath. Move below the $250 level opens the door to the $200 level, and I believe that rallies continue to be sold as we need both Ethereum and Bitcoin to rally before some of the minor currency such as DASH can be thought of as turning things around and going bullish.

XMR/USD

Monero also tried to rally but turned around just below the $200 level to form a shooting star. It looks as if were going to go looking towards the $150 level, as it is an area that has been both support and resistance in the past. If we break above the top of the candlestick for the week, we could clear the $200 level and go looking towards the $240 level, where I would expect to see even more resistance come into play. If we break down below the $150 level, the bottom could fall out.

BTG/USD DASH USD and XMR USD Video 09.04.18

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