Crypto Trader Daily – 19 March 2015

Price Action

$280 was broken and in short order the price plunged to a low of $246 on Bitfinex. The bulls had no strength to arrest the decline at any previous resistance levels. The price now needs to reset a lower level, most likely below $240. Expect choppy trading in the coming days as traders’ bearings are reset.

 

Trade Ideas

To capitalise on the return of volatility, go long realised volatility using BVOLH15.

 

In the News

UK government to regulate Bitcoin (Wired)

Intel making possible foray into Bitcoin with new hire (CoinDesk)

More details on Coinapult hack (CoinTelegraph)

Crypto Trader Daily – 17 March 2015

Price Action

Where did all the traders go? Today was a very quiet trading session. The price oscillated between $289 and $292 on very low volume. Volatility in general has taken a nose dive with the .BVOL Index (30 day realised volatility) down over 50% since one month prior to 65%.

 

Trade Ideas

Going into the final stretch of March, volatility could pop meaningfully if $300 is breached on heavy volume. Consider buying BVOLH15 which expires on March 27th.

 

In the News

Cryptowatch adds BitMEX to its charting website (Cryptowat.ch)

Coinbase compliance chief resigns (Qntra)

Rakuten starts accepting Bitcoin (WSJ)

Silk Road lieutenant Peter Nash pleads guilty (Naked Security)

Crypto Trader Daily – 7 March 2015

Price Action

Today was relatively quiet with $270-$276 range bound trading. The $270 purgatory will be shattered soon either on the upside or downside. At the present moment there doesn’t seem to be a robust case for either direction, so better to sit back and wait for the market to speak.

 

Trade Ideas

30 day realised volatility has fallen off a cliff since the beginning of 2015. If you believe big up or down moves are ahead in March, consider buying BVOLH15 to profit from a spike in realised volatility.

 

In the News

Where in the world is FriedCat? (BTC Reporter)

HK Police arrest 5 in MyCoin ponzi scheme (CoinTelegraph)

Bitcoin micro-payments debut on several chat platforms (CoinDesk)

Crypto Trader Daily – 24 February 2014

Price Action

All is quiet ahead of the return of the Chinese traders after the lunar new year holiday. A very quiet day with the price flirting around the $240 level. Trading volumes should begin to pick up tomorrow morning Asia time.

Trade Ideas

In anticipation of the return of price volatility, buy BVOLH15 (the historical volatility future expiring in March). 30 day realised volatility could climb back above 150% if January’s gyrations are repeated.

In the News

Another Bitcoin miner bites the dust (CoinDesk)

Ryan Kennedy of Moolah arrested in the UK (Coinfire)

Troika happy with Greek proposed reforms (Zerohedge)