Price Action
A quiet day before the start of the Easter weekend. The price stayed between $243 to $250. With New York and London on holiday starting tomorrow, it is an opportune time for savvy traders to push the market without the use of much capital.
Trade Idea
Expect market gyrations during over the weekend. The downtrend has not definitively been broken, so short XBUJ15 above $245 with a $235 target price.
In the News
UBS to open Blockchain research lab in London (WSJ)
US Presidential order allows the state to confiscate crypto holdings ‘Without Prior Notice’ (CoinTelegraph)