News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/qP2PbS4dsY
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/POGWDIkqqz
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here: https://t.co/5GO9UrvO4y https://t.co/H76jNJJxU5
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/1TiEWCbJ6t
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/fN2mfHgpON
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:https://t.co/qxQwHgD9Ey https://t.co/ym73tgtHLn
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/ytHqOoHnxQ
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/155l4SQU6P
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/vkLRsG8KEn
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:https://t.co/JoaUMTv80S https://t.co/Hl4I8Gl7Ez
Bitcoin, Ether, Ripple - Sharp Sell-Off Wrecks Sentiment | Webinar

Bitcoin, Ether, Ripple - Sharp Sell-Off Wrecks Sentiment | Webinar

Nick Cawley, Strategist

Cryptocurrency Prices, News and Technical Analysis

  • Positive market sentiment washed away as sellers run riot.
  • Support levels look vulnerable on the charts.

Cryptocurrency Prices Crash in One-Hour Timeframe

A heavy sell-off saw bids disappear and sent markets sharply lower in mid-morning trade with little on the wires to explain the crash. Tokens that had been gradually nudging higher over the past two-to three-weeks saw their gains wiped out in a one-hour timeframe as trading sentiment turned sharply bearish in the short-term. Theories behind the sell-off include an exchange liquidating a position/s, trading difficulties at one exchange (unsubstaniated) and a story circulating that US investment powerhouse Goldman Sachs had ditched plans to open a cryptocurrency trading desk for now.

Bitcoin, Ether, Ripple - Sharp Sell-Off Wrecks Sentiment | Webinar

Market leader Bitcoin (BTC) was the least affected in the sell-off, but still dropped nearly 5% and now hovers either side of $7,000, down $400 in the session.

Bitcoin (BTC) 30-Minute Price Chart (November 2017 – September 5, 2018)

Bitcoin, Ether, Ripple - Sharp Sell-Off Wrecks Sentiment | Webinar

Ethereum (ETH) came close to touching a near one-year low during the crash and needs support at $258 to hold or $200 comes into view.

Ethereum Daily Price Chart (September 2017 – September 5, 2018)

Bitcoin, Ether, Ripple - Sharp Sell-Off Wrecks Sentiment | Webinar

We look at Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash 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.

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

DISCLOSURES