Bitcoin Gold went back and forth during the trading session on Tuesday, as we continue to see volume drift lower. I believe that Bitcoin Gold will struggle in general, at least until the Bitcoin markets themselves can pick up. The volume in that market needs to pick up right along with bullish pressure, which would show signs of confidence again. If that happens in Bitcoin, we should see the same and Bitcoin Gold. Until then, this market is probably best left alone as I see massive resistance just above.
BTG/USD DASH USD and XMR USD Video 14.02.18
DASH traders sold the currency during the trading session on Tuesday, dancing around the $600 level. This market has a significant lack of volume as well, and until that gets fixed, I find it impossible to get excited about buying DASH. I think that the market will probably grind sideways with a slightly negative bias, as we try to pick up momentum and more importantly, volume. Until then, this is a market that is probably best left alone, as I see consolidation between the $600 level and the $400 level as being likely.
Monero markets sold off during the trading session on Tuesday as well, losing over 5%. The market seems ready to consolidate around the $225 level, but with almost no volume, I suspect that we will probably see a pull back to the $200 level before it said and done. With this in mind, until we get an overall bullish move in the crypto currency markets, I have a hard time believing the Monero is going to fare well.
This article was originally posted on FX Empire
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