Bitcoin, Ethereum, Dogecoin and Gold in Focus

Market sentiment analysis:

• Trader confidence in Bitcoin, Ethereum and Gold remains largely undented by recent price falls and their longer-term trends higher remain intact.
• Even Dogecoin is off its highs but sentiment remains very positive towards it.

Trader sentiment still positive towards digital currencies

Traders remain positive towards cryptocurrencies like Bitcoin and Ethereum despite their recent price falls, and their upward trends remain intact. Even Dogecoin is off its highs at the time of writing, while Gold is in a similar position to the digital currencies: lower recently but still trending higher as sentiment remains largely undented.

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Gold Price Chart, Daily Timeframe (January 11 – April 20, 2021)

Chart by IG (You can click on it for a larger image)

of clients are net long.


of clients are net short.

Change in	Longs	Shorts	OI
Daily	0%	0%	0%
Weekly	-1%	-5%	-2%

In this webinar, I looked at the trends in the major currency, cryptocurrency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website, and at the IG Client Sentiment reports that accompany it.

Recommended by Martin Essex, MSTA

Building Confidence in Trading

— Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex