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Webinar: Bitcoin and Ethereum Charts and Set-Ups

Webinar: Bitcoin and Ethereum Charts and Set-Ups

Nick Cawley, Strategist

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.

If you would like to know the number one mistake traders make and how to react, download our free Traits of Successful Traders Guide.

If you missed this webinar and would like to know about future events, 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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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