BTG/USD, DASH/USD, and XMR/USD Price Analysis January 19, 2018, Technical Analysis

BTG/USD

Bitcoin Gold rallied a bit during the trading session on Thursday, testing the $200 level. That’s an area that should continue to be of importance, as we bounced around. However, we have almost nothing in the way of volume, and certainly nothing compared to what we have seen during the massive selling. Because of this, I think that we will eventually see sellers step in and push this market to the downside. However, if we were to break above the $240 level, I might be convinced to start buying then.

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BTG/USD DASH USD and XMR USD Video 19.01.18

DASH/USD

DASH traders rallied a bit during the day on Thursday, forming a rather bullish daily candle, but there is a serious lack of volume over here as well. If we break above the $900 level, then I think we could go to the $1000 level, but if we slice back through the $800 level, we are very likely to reach down to the lows again as we have seen a severe lack of volume in the crypto currency spaces. Market participants continue to be very cautious from what I see, so unless you are a long-term “believer”, it’s unlikely that trading DASH will be easy. Ultimately, I think that the noise will continue to scare people.

XMR/USD

Monero traders rallied a bit during the day as well, but look very likely to consolidate more than anything else. The $350 level is offering resistance, and therefore it’s not until we break well above there that I am comfortable buying. I think that the market should roll over and reach towards the $300 level next, based upon the fact that we don’t have anything in the way of volume. If we were to break down below the $300 level, the market likely goes down to the $240 level. I think the only thing you can count on in the crypto currency area right now is massive amounts of volatility.

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