Dash traders did very little during the day on Wednesday, although it was positive. There was little in the way of volume, and that is the most concerning part. I suspect that we will probably see the market roll over again, but if we were to break above the $1000 level, regardless of volume, I would be convinced to start buying. In the meantime, I suspect that we are going to get a pull back.
Litecoin had a little bit more volume, but quite frankly still looks very anemic. I believe that the $200 level above will probably continue to offer resistance, so I would be a bit surprised if we broke above there. If we did so with volume, I would be convinced to start buying. We have made a “higher low”, but on very little volume, so it’s not convincing quite yet.
Thanks for watching, I’ll be back tomorrow.