Bitcoin Gold initially pulled back during the trading session on Thursday but found enough support near the $55 level to turn around and go higher. The market looks likely to go to the $60 level next, as it is the next large, round, psychologically significant figure. We are up over 3.5% as I record this video, which of course is a good sign and it shows that the influence from both Ethereum and Bitcoin continues to be healthy.
The DASH market pulled back initially during the trading session on Thursday, reaching towards the $405 level. We have bounce from there, and it looks like the $400 level underneath that area is massive support. That was previous resistance, and I think that it is likely that we will continue to see buyers jumping into this market, perhaps reaching towards the $450 level, or perhaps the $500 level after that. If we break down below the $400 level, I see a massive amount of support extending down to the $350 level. This is a market that continues to look strong, so I like buying these pullbacks as an opportunity to pick up value.
Monero markets pulled back initially during the day on Thursday just as the DASH market did, but also rallied in a similar situation. It looks as if we’re going to go looking towards the $240 level, and of course the $200 level underneath is the massive “floor” in the market. I like the idea of buying this market on short-term pullbacks, as it looks like we are heading towards higher levels.