In this regular, weekly webinar we took a look at the current price action in cryptocurrency heavyweights Bitcoin (BTC) and Ethereum (ETH) and discussed chart set-ups and what they may be pointing to. Discussions also included –
- Bitcoin made a fresh high earlier this week and may be setting itself up for another push higher. Technical analyst Paul Robinson dissected the latest price action and looked at what may happen in the coming days and weeks.
- Ethereum was in demand with Korean traders with overnight volume in the second-largest cryptocurrency dwarfing its larger rival BTC.
- Discipline is a must in the volatile world of digital currencies with stops a must, while trading psychology and risk management is a pre-requisite. We discussed how to put these into practice and where to find important sources and educational articles.
If you would like to know how to become a better trader, and avoid the common pitfalls and mistakes, Paul Robinson will be hosting his weekly trader’s webinar on Thursday here
If you missed this webinar and would like to know about future events, including next week’s Bitcoin webinar, see the full DailyFX webinar schedule here.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
