Alt Coins daily chart, May 04, 2018

Alt Coins a bit mixed going into jobs number


Bitcoin Gold dipped initially during the day on Thursday but did see a little bit of support underneath. There is a significant ascending uptrend line that we had broken through recently, which could offer a bit of resistance above. Currently, we are in between the $70 and $80 levels, meaning that we are essentially at “fair value” for the short term. However, if we break down below the $69 level, we probably drop down to the $60 level. If we can break above the $80 level, then the market might be able to go to the $90 level, but I think it is going to be the more difficult of the 2 possibilities.


The DASH market pulled back a bit during the trading session on Thursday, reaching down towards the $480 level before bouncing again. We are just below the $500 level, which of course is a large, round, psychologically significant number, and it is of course structurally resistant as well. I think that if we can break above the $500 level, we probably go looking towards the $525 level after that. Short-term pullbacks will probably be supported at the $450 level.


Monero pulled back initially during the day as well, but then bounced enough to test the $250 level. I think that the market has a significant resistance barrier between here and the $260 handle above, so I think we are more than likely going to see a lot of volatility as it will take a certain amount of momentum to finally break out. Otherwise, I think we drop to the $230 level.

Bitcoin Gold DASH and Monero Video 04.05.18