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Bitcoin Gold DASH and Monero Price Prediction for the week of December 11, 2017, Technical Analysis

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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