Bitcoin Gold DASH and Monero Price Forecast December 19, 2017, Technical Analysis

Bitcoin Gold

Bitcoin Gold rally during the trading day on Monday, reaching above the $300 level. I think that the market is going to continue to go higher though, and as a Americans pick up the ball, looks like they are willing to try to drive to the upside. I think if we can break above the $315 level, the market is likely to go looking towards the $350 level above, which of course was resistance. Pullbacks at this point seem to be offering value, extending down to at least the $270 level.

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BTG/USD DASH USD and XMR USD Video 19.12.17

DASH

DASH/USD continues to go sideways in general, as the market is hovering just above the $1040 level. I think the $1000 level underneath continues to offer massive support, as it is a large, round, psychologically significant number. At this point, I believe it’s only a matter of time before we rally and go looking towards the $1200 level above. I think that every time we pull back, traders are willing to pick up the market and take advantage of what would be perceived value. However, we are getting close to the holidays, and we have not seen the crypto currency space trade during these illiquid times previously, least not with the type of volume that we have seen during most of the year. Because of this, I remain cautious and recommend that we only pick up little bits and pieces, adding slowly as the next major search might be after New Year’s Day.

Monero

Monero markets rallied a bit during the trading session on Monday, breaking towards the $350 level. I think that we are ready to break out to the upside and a move above the $360 level should send this market towards $400 longer-term, with a short-term barrier at the $375 level. I think that the market continues to be very bullish in general, and if you squint just hard enough, you can see a decent uptrend line on the hourly chart. I have no interest in shorting Monero, I believe there is a “hard floor” at the $300 level underneath.

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