Traders were in a bullish mood today after the announcement of the first publicly tradable Bitcoin investment vehicle in the US. The price climbed all the way to $281 on Bitfinex. The price subsequently corrected $10 and now stands around $270. The $300 level looms near. A slow an methodical climb through $300 could unleash an explosion of FOMO buying once breached.
Continue to buy the dips. Resist the urge to increase one’s long exposure at physiological barriers. An example would be $280, $290 … For maximum gain on the upside, consider trading XBTH15 and take advantage of the positive USD gamma.
In the News
Havelock Investments to reopen tomorrow (Reddit)
GAW Miners: Proof of Fraud (Coinbrief)