Crypto Trader Daily – 16 April 2015

Price Action

Levitation from the lows began during the China morning session. The price rose $8 to $228. Consolidation around $226 has begun, and it looks as if a run at $230 will be made possibly in the next few hours. This relief rally could top $240; beware of the squeeze.

 

Trade Idea

Buy XBTJ15 and take advantage of the USD gamma during this rally.

 

In the News

The Next Generation of Currency (Wired)

Buttercoin CEO Reveals ‘Tactical Mistake’ that Lead to Company Closure (CoinDesk)

CoverYou: The First European Insurer to Accept Bitcoin for Premium Payment (CoinTelegraph)