Price Action
Bitcoin made another push over $300 early morning China time. The price subsequently fell back to $290, and is now gathering strength to punch through $300 again. The sentiment has turned quite bullish after the announcement that derivatives goddess Blythe Masters has joined a Bitcoin startup.
Trade Idea
Continue to increase your portfolio’s long position below $300. Look for a gap upwards during the early morning hours China time. Consider taking profit at $315. Use XBUH15.
In the News
Ex-JP Morgan head of Commodities Blythe Masters joins Bitcoin startup (Business Insider)
itBit revealed as one of the US Marshals Bitcoin auction winners (CoinDesk)