We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Mixed
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • The Swedish #Krona and Norwegian #Krone will be in for a tense week ahead of #Brexit-related drama and a crucial EU summit which could be a turning point for the EU-UK divorce. Get your market update from @ZabelinDimitri :https://t.co/zjTNQmDHTt https://t.co/fpXoGsdMt7
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.26%, while traders in France 40 are at opposite extremes with 83.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2T2DkNIQIK
  • Australian Dollar and ASX 200 Trend Hinges on RBA, Fed Rate Cuts - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/10/17/Aussie-Dollar-and-ASX-200-Trend-Hinges-on-RBA-Fed-Rate-Cuts.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #ASX
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.39% 🇨🇭CHF: 0.17% 🇳🇿NZD: 0.10% 🇯🇵JPY: -0.00% 🇨🇦CAD: -0.02% 🇬🇧GBP: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/fV2xxEk8ml
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: -0.02% Wall Street: -0.16% France 40: -0.20% Germany 30: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/v10gfIXweU
  • #CAC: A consolidation, then breakout could provide a platform for fresh longs. In the event of higher prices, there isn’t anything until a swing high from late-2007 located at 5865. Get your market update from @PaulRobinsonFX https://t.co/XqtCnj89qG
  • Overnight index swaps are pricing in an 84.2% probability that the #fed will cut rates during its next meeting on 10/30/2019. #USD #Fed
  • Longer-term Elliott wave forecast for $EURUSD - 1.18? 1.25? https://www.dailyfx.com/forex/technical/elliott_wave/eur-usd/2019/10/01/eur-forecast-large-rally.html
  • Asian equities update: Nikkei 22503.97 (+0.14%), Hang Seng 26891.76 (+0.86%), CSI 300 3928.88 (-0.16%). [Delayed]
  • The #Euro has breached resistance guiding it lower for nearly four months, setting the stage for gains. Any near-term rise is unlikely to derail the long-term downtrend, however. Get your $EUR market update from @IlyaSpivak here:https://t.co/5Cdw2gJ3ON https://t.co/Q88ySolKZt
Bitcoin, Ether, Ripple - Prices Plunge, Sentiment Sours | Webinar

Bitcoin, Ether, Ripple - Prices Plunge, Sentiment Sours | Webinar

2018-08-08 12:15:00
Nick Cawley, Analyst
Share:

Cryptocurrency Prices, News and Technical Analysis

  • SEC delays ruling on Bitcoin ETF.
  • Market sentiment turns increasingly weak, weighing heavily on the space.

Cryptocurrency Prices Slump 10%

After a period of quiet consolidation, a decision by the SEC to delay a ruling on the proposed VanEck/SolidX Bitcoin ETF until the end of September. While not a complete surprise, the market took the news badly and sold-off quickly. Most cryptos are now either near or on important support levels, which if broken could see further double-digit losses in the near-term. Some coins are now likely to give back all of the December-January surge.

Overall market sentiment remains weak with any rebound/rally seen as a clear opportunity to sell long positions or open shorts. Overall turnover is low - aiding sharp price moves - while the market as a whole is now valued at $230 billion, the lowest level this year and down from the $830 billion all time high.

Bitcoin, Ethereum, Ripple Price Analysis

Bitcoin (BTC) Daily Price Chart (November 2017 – August 8, 2018)

Bitcoin, Ether, Ripple - Prices Plunge, Sentiment Sours | Webinar

We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

IG Sentiment Data show how retail are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment.

What’s your opinion on the latest market crash? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

https://www.dailyfx.com/sentiment?ref-author=Cawley

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

DISCLOSURES

News & Analysis at your fingertips.