Crypto Trader Daily – 19 April 2015

Price Action

The range today was $222-$227. During the afternoon a $5 spike took the price to $227. The momentum has stalled and it is slowly fading lower. Bitcoin is in a holding pattern, expect a decisive move in the early morning China session.


Trade Idea

With less than one week until expiry, sell XBTJ15 and buy spot to capture the $2 premium.


In the News

The Missing MtGox Bitcoins (WizSec)

Is Ethereum Vaporware? (CoinTelegraph)

Bitcoin Will Become National Currency in the New State of Liberland (forklog)