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Hello and welcome to News BTC’s Market Outlook September 6.
DASH gained a bit of value during the day on Monday, but we are still very much beaten-down from the selloff. I would be cautious about buying this market until we break above the $350 level, which would show a significant change in attitude. I suspect that we may consolidate for a while, so there’s no need to jump in right away.
Litecoin rallied a bit as well, testing the $74 level, but failing as I write this. If we managed to break above the $75 level, I would be willing to put a small position back into the marketplace, but I suspect the crypto currencies overall are going to consolidate after the massive selloff over the weekend.
Thanks for watching, I’ll see you again tomorrow.
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