(MENAFN – DailyFX) Bitcoin, Bitcoin Cash, Ethereum, Ripple: prices, graphs and analysis Cryptocurrencies increase over the lows of several months. The oversold conditions can push some coins higher. Acquisition of the short-term cryptocurrency market
After recording heavy double-digit losses at the weekend and at the start of the week, the cryptocurrency market regained some balance but remained close to the lows of many months. Some coins remain in oversold territory that can help them move higher, but heavy selling in other currencies is a matter of concern, especially since they are trading below the levels they originally opened in 2017.
It can be argued that markets may have just made their low printouts for 2018, but caution is still justified especially in weekend trading hours when volume usually falls and prices can move sharply.
Chart of Bitcoin Daily Prices (May 28 November 2018) Investors remain uninterrupted cryptocurrencies, but recent changes provide us with a distortion of mixed trading, for example the number of net-short Bitcoin traders is increasing compared to last week. You can sign up for free to get updated positioning data.
Resources for cryptocurrency traders Commercial practices, guides, sentiment indicators and free practice webinars
If you are interested in trading with Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you start your journey. We also have a way to practice this volatile asset class trading.
What is your opinion on the latest cryptocurrency sales? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or via email at the address.
— Written by Nick Cawley, analyst.