Webinar: Bitcoin and Ethereum Charts and Set-Ups
In this webinar we looked at the latest charts and developments in the crypto-currency heavyweights, Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH). While the charts show differences in the three tokens, overall momentum still points to higher prices. A lack of bad news helped the overall tone but traders should be aware that benign trading conditions can sometimes be a precursor to volatile swings.
Discussions include –
- Bitcoin (BTC) hit yet another high this week but is range bound in the last couple of sessions as other crypto-currencies push higher.
- Bitcoin Cash (BCH) rose in excess of 30% in overnight trading on Wednesday as the mining community in Asia identified better mining profitability.
- The Ethereum (ETH) chart looks bullish with momentum pointing to higher prices, while Dash (DASH) soared over the week.
- The market continues to gain credibility with traders now waiting for both the CME and the CBOE to launch BTC futures in December.
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--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.