Crypto Trader Daily – 18 February 2014

Price Action

Another day of range bound trading. The price touched a high of $247 on Bitfinex, and currently has swung back below $240. Volumes were muted today as it is New Years Eve for China.


Trade Ideas

Sell at $245-$250 and and buy at $235-$240 to play in the established range. Use the daily expiring futures contract (XBU24H) to get in and out of positions.


In the News

Cavirtex hacked and will be shutting operations (CoinDesk)

T-Mobile Poland accepts Bitcoin for top-ups (Bitcoinnet)

OKCoin CTO departs for greener pastures (CoinTelegraph)