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Webinar: Cryptocurrency Market Crash, More on the Cards?

Webinar: Cryptocurrency Market Crash, More on the Cards?

Nick Cawley, Strategist

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 are interested in trading Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) or Litecoin (LTC) check out our Introduction to Bitcoin Trading Guide.

--- 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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