Bitcoin, Ethereum, Ripple: Prices, Charts and Analysis
- Trading ranges continue to remain tight across the cryptocurrency space.
- Positioning for a break in this market is dangerous.
Another week of low volatility with most cryptos within 1%-3% of where they were this time last week. A lack of any fundamental news has pushed investors/traders to the sidelines and it is unlikely that they will return until price action improves.
Daily turnover of less than $10 billion compares very badly to the $50 billion+ days seen at the start of the year and may lead to a sharp breakout in either direction if a pick-up in volume occurs. If you want trading volatility then, gold, oil, us dollar are just some of the asset classes where daily movement is a regular occurrence.
Bitcoin (BTC) Daily Price Chart (May – October 24, 2018)
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 traders are positioned in various cryptocurrencies and how changes in daily and weekly holdings can affect market sentiment.
What’s your opinion on volatility? 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 email@example.com.
--- Written by Nick Cawley, Analyst.