Crypto Trader Digest – 14 April 2013

Price Action

The slaughter began early morning in China as the price dropped $10 to $225. Then the price continued downwards and tested $220 and rebound back towards $230. $220 was broken in the afternoon trading session, and continued down to $218. The price is now hovering around $220 and looks likely to head lower. The next stop is $210, but a short squeeze looks likely before then.


Trade Idea

Position your portfolio for a violent short squeeze upwards. Use XBTJ15 for this play.


In the News

New Bitcoin Foundation Director Bruce Fenton Pledges Fiscal Reform (CoinDesk)

‘Bitcoin Baron’ Hacker Arrested By Police in Arizona (CoinTelegraph)