Webinar: Cryptocurrency Market Crash, More on the Cards?
In this webinar we discussed the current state of the cryptocurrency market as digital coins continued to plummet, giving back all of this year’s gains and more. And with sentiment indicators all showing customers heavily long of market heavyweights, prices can easily fall further.
Other cryptocurrency topics covered included –
- South Korean and Chinese financial authorities continue to rattle the market with talk of cryptocurrency trading bans and exchange closures.
- Various exchanges closed or temporarily suspended trading this week, pointing to a structurally weak set-up.
- The market needs a period of consolidation to help re-build trust in the cryptocurrency space.
- Trader discipline is even more essential when markets are volatile with guaranteed trading stops a must.
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
If you are interested in trading Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) or Litecoin (LTC) we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed decisions.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at firstname.lastname@example.org
Follow Nick on Twitter @nickcawley1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.