|Day's range||389.749 - 403.327|
|52-week range||14.63 - 660.16|
|Volume (24 hrs)||N/A|
|Volume (24 hrs) all currencies||85.52M|
The alt coins had positive weeks, as the crypto currency markets have recovered a bit after the massive selling that we had seen previously. This is a good sign, but the question now is “is this a dead cat bounce?”
Alt coins had a slightly positive session during the day on Friday, while the larger crypto currencies sat still. Most of the crypto currency markets have significant resistance just above, so the next several sessions could be interesting to say the least.
The “alt coins” did rally a bit during the trading session on Monday but are suffering at the hands of low-volume. I think that the market is still reeling from the recent bloodbath that we have seen in the crypto currency markets. At this point, I think that the market has a lot of work to do to attract the overall public again.
The alt coins all did the same thing during the previous week as Bitcoin and Ethereum did, fell rapidly. However, they have also rallied a bit as well, forming some very interesting candles on the weekly chart.
The alt coins got brutalized during the week, as crypto currency markets sold off rather drastically. This is a market that should continue to see quite a bit of trouble. I believe that the market has found a significant support level though, but longer-term, there are a lot of concerns.
With ICO burnout coming, investors at the Blockchain Connect conference last week discussed what projects really pique their interest.
The “other 3” currencies in the digital space that I follow have all shown bits of malaise during the trading session on Tuesday, as volume continues to be thin to say the least. I believe that the market should continue to be a bit difficult.
The alt coins that I follow are all looking a bit soft, but it is also a bit of a mixed picture, suggesting that there may be opportunity after all. There has been a very thin market as of late, as volumes have dried up. Because of this, I have the following outlook for these 3 coins.
The alt coins all struggled this week, as we continue to see traders step away from crypto currencies. Another couple of hacks have been reported, and of course volume has dropped off. Until it does turn around volume wise, alt coins can be very difficult to deal with.
The “other 3” crypto currencies rallied a bit during the trading session on Thursday, as the crypto currency space got a bit of a bounce, perhaps a reprieve from the selling.
Bitcoin Gold, Dash, and Monero did the same thing all other crypto currencies did on Wednesday, absolutely fall apart. They do so in varying levels of course, but at this point in time it’s obvious that the crypto currency markets are in serious trouble overall. In fact, I cannot find a single crypto currency that looks healthy.
Cryptocurrencies went viral just as the populist, anti-authoritarian view saw Trump elected and Brexit voted for. Perhaps we should not have been surprised after all. But is it a fad? Will it be like the Arab Spring, and fizzle?
Bitcoin Gold fell significantly during the trading session on Tuesday, losing roughly 20% at one point. DASH broke down rapidly during the trading session on Tuesday, reaching as low as $725 before bouncing back above the $800 level. DASH did have some volume on the bounce, so it may stand a better chance of keeping gains than Bitcoin Gold, but it would need to clear the $920 level for me to be completely convinced.
The “other 3” digital currencies that we follow all had varying degrees of bullishness on Monday, but volume would have been a bit of an issue as Americans were celebrating Martin Luther King Jr.’s birthday. Because of this, I take some of these moves with a grain of salt.
The “other 3” crypto currencies that we follow here at FX Empire have been drifting a bit aimlessly as of late, and unfortunately there isn’t much in the longer-term charts showing that will change anytime soon. In fact, is starting to get a bit suspicious about a few markets in the digital currency space overall.
So you think you’re the first to think that you missed out on the huge Bitcoin rally, and surely there must be a smaller copy-cat you can get in on? You know, missed Yahoo, so bought Google when it came out