Crypto Trader Daily – 20 February 2014

Price Action

$240-$250 was the range today. Volumes till have yet to recover. The rally from the recent lows of $228 is proceeding in a healthy manner. A break through $250 looks imminent.

Trade Ideas

Increase long positions in the low $240s. Consider buying XBTG15 (27 February 2015) futures contracts to play a possible break above $250.

In the News

CNN Money adds Bitcoin ticker, XBT (Bitcoin Magazine)

Stripe now supports Bitcoin (Stripe)

Vermont says no need for Bitlicense (CoinDesk)