Several Alt Coins fall right along with the majors

BTG/USD

Bitcoin Gold finally did it, broke down below the $50 level. I thought this could be a major event, and at this point it looks as if we are certainly going to see fresh selling pressure every time we rally. Currently, it looks as if $52 is massive resistance that the market probably won’t get above, because that resistance extends to the $55 level. Bitcoin Gold offers plenty of shorting opportunities if you get some type of exhaustive candle closer to the $50 level, as it has lost 8% early during the day yet again.

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DASH/USD

DASH traders sold hard during the trading session on Thursday as well, crashing through the $350 level handily. In fact, we’ve even broke down below the $325 level, a sign that the market is simply running out of buyers. I think that we are starting to see the beginning of sanity in the crypto currency space, because the bubble had blown up so high that it was difficult to imagine we could go higher than we were just a few months ago. Typically, when these bubbles crash like this, it comes back to what is more realistic as far as value is concerned, and then it rebuilds for a few years. I believe that the DASH market is a prime example of this happening.

XMR/USD

Monero also fell during the day, reaching down towards the $183 level. Monero had previously been acting better than some of the other alt coins, and given the circumstances, it still does. However, that doesn’t mean that you should be buying this crypto currency, it too should be sold every time it rallies.

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BTG/USD DASH USD and XMR USD Video 30.03.18