Bitcoin gold
Bitcoin Gold initially attempted to rebound during the week but found enough resistance at the $ 325 level to turn around and collapse significantly. We fell below the $ 250 level and even hit $ 212. The market continues to be very noisy and I think it is very likely that this market with the most attention to Bitcoin will also suffer in the coming week. I believe there is some “cap” on the $ 300 handle, with massive support at the $ 200 level. The market continues to move and therefore it will be difficult to trade in the longer term.
BTG / USD weekly chart, December 11, 2017
DASH / USD
DASH continues to be very loud, hovering between the $ 500 level below and the $ 900 level above. This market continues to look bullish overall, but this retreat is a bit overdue so a retreat towards the $ 500 level is a good buying opportunity. In general, I believe DASH is still a bullish market and in the long run we should continue to bounce back to the $ 1000 level. However, I think you will get a better opportunity to hit the market at lower levels, especially if Bitcoin is bothering everything as I think for the next 5 sessions. The noise in the markets continues, but I think a breakdown below the $ 500 level would lead to new sales and make a lot more cautious.
DASH / USD weekly chart, December 11, 2017
XMR / USD
Monero rally during the week to the $ 300 level. The $ 300 level is a psychological barrier of resistance, but with most cryptocurrencies being a bit overbought, Monero is no different. I think the pullback that looks likely should be a good buying opportunity near the $ 200 level. So be sure to pay attention and look for supportive candles to take advantage of. If we drop below the $ 200 level, the market will most likely be looking at the $ 150 level below that was resistance and should be supportive now. In general, I believe Monero will be one of the winners in the longer term, but we need to find a value that is typical of all markets.
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Monero / USD weekly chart, December 11, 2017
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