You\u2019ve heard of cryptocurrencies like Bitcoin and Ethereum. But do you know how to trade them? Here are 3 simple things you need to know about crypto.
and Ethereum are off their all-time highs, but both have found supports and have been trending up in recent months.Bitcoin’s trend looks much cleaner compared to Ethereum’s trend. Their previous all-time high prices could act as a resistance, but if successfully broken, there’s not much stopping a new sustainable uptrend. The previous highs could turn into support levels allowing for trade entries.
For more information about cryptocurrencies, go to FXAcademy.com > Learn to trade > cryptocurrency for a 4-part cryptocurrency course. Or click here:I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen.
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