Never miss a story from Nick Cawley

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Nick Cawley

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Bitcoin (BTC), Ripple (XRP), Ether (ETH) News and Analysis

- Bitcoin and Ether are showing bears have been absent in the last week.

- Consolidation is good but market confidence is still needed

- Sentiment indicators can help traders gain market color.

We recently released A Guide to Day Trading Bitcoin & Other Cryptocurrencies to help traders navigate this volatile marketplace.

Cryptocurrency Markets Remain Edgy in the Short-Term

The recent run of heavy-losses in the cryptocurrency space has been stemmed for now with the major tokens trading in a tight sideways range. The down channels seen on both the Bitcoin and Ether charts are still being respected but if consolidation continues, and trader’s confidence builds, prices may look to move higher in the short-term. On the other hand, this quiet period may well be the platform for another sell-off, which may put highlighted support levels under pressure.

IG Client Positioning Indicators are another valuable tool available for traders to help them gauge market sentiment and flow. While cryptocurrency market positioning remains overwhelmingly long, any changes can help traders see retail ebb and flow, giving them more market color.

Bitcoin Price Chart in US Dollars (October 1, 2017 – March 28, 2018)

Bitcoin, Ether, Ripple Charts Highlight Consolidation For Now | Webinar

What’s your opinion on the cryptocurrency market at the moment? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at or via Twitter @nickcawley1.

--- Written by Nick Cawley, Analyst.