Price Action
$290 fell, and the price briefly touched $286 on Bitfinex. The price has settled back above $290, but is poised to take another leg down. $280-$285 looks likely before another run can be made above $300.
Trade Idea
Increase your portfolio’s short exposure above $290 with a target price of $280-$285. If $280 is breached, consider this bull run over. Use XBUH15.
In the News
IBM believes they can develop a better Bitcoin (CoinDesk)
Contact Charlie Shrem in the slammer (Charlie Shrem)