Crypto Trader Daily – 18 March 2015

Price Action

Volatility reared it’s head and Bitcoin tumbled to a low of $269 on Bitfinex. $300 seems but a distant memory. The BIT euphoria has faded, and additional fuel is needed to restart the rally. $270-$280 range bound trading looks likely.


Trade Idea

Use XBU24H to play the daily range. Expect $270 and $280 to be formidable resistance levels for the next few trading days.


In the News

Evolution shuts it’s doors taking thousands of Bitcoin from users (Qntra)

George Osborne to unveil Bitcoin regulations in next budget (IB Times)

Coinapult’s hot wallet hacked (Twitter)