Alt Coins roll over during the trading session on Monday again

BTG/USD

Bitcoin Gold tried to rally initially during the trading session on Monday, but found the $44 level to be too much, and then reached down towards the $40 handle. If we break down below there, we will probably go towards the $38.50 level. Otherwise, we could rally but I suspect that will be another selling opportunity. If we break above the $44 level, we could go towards the $48 level after that. However, I think that’s very unlikely as the major crypto currencies continue to falter.

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DASH/USD

The DASH markets initially went sideways on Monday, but then fell significantly. As a record this, we are just below the $300 level, showing signs of weakness again. I think that until Ethereum and Bitcoin can pick up some type of momentum, it’s very unlikely that this market will either. I suspect the crypto currencies in general remain a “sell the rallies” situation, the next major support level is closer to the $280 level, on the other hand, if we could break above the $325 level, it’s likely that we could then go to the $350 level. However, I suspect that will be almost impossible to happen, because until the rest of the crypto currency markets pick things up, there’s no hope here.

XMR/USD

Monero did the same thing, reaching towards the $180 level before rolling over rather significantly. By doing so, we crashed towards the $165 level in what seems to be a recurring theme: short-term rallies followed by major pullbacks. Ultimately, this market can be bought either.

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BTG/USD DASH USD and XMR USD Video 10.04.18