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.
--- 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.