Price Action
Another push was made for $210 today. The price reached a low of $213 on Bitfinex before rallying back to $220. The retrace was a weak attempt at a rally. A renewed fade to $210 will begin shortly, and expect a hard fought battle. The overall downward trend remains, and the market awaits the all-important retest of $200.
Trade Idea
Sell XBUK15 above $215 with a $210 target price.
In the News
Capital Controls Arrive: Greece Begins Confiscating Deposits Of “Small Debtors” (Zerohedge)
The “War on Cash” Migrates to Switzerland (Contra Corner)