Price Action
Wednesday seems to be the day of the week that things start moving. The price shot up through $230 to a high of $237. $240 looks likely to be retested. A failure to retake $240 could lead to a swift return to $230 and possibly below.
Trade Idea
Sell XBUK15 as the price retests $240, with a target price of $230.
In the News
“Not-So-Decentralized” Ripple Freezes $1m in User Funds (Inside Bitcoins)
Rand Paul Chides ‘Naysayers’ Who Want to Regulate Bitcoin (American Banker)
Mt. Gox Customers Can Now File Claims For Their Lost Bitcoins (TechCrunch)