Crypto Trader Daily – 30 March 2015

Price Action

During the China morning trading session Bitcoin fell to $236. A sharp rebound then took the price $10 higher to $247. The price slowly faded throughout the rest of the trading day, and it looks as if $240 will be breached again during the early morning hours tomorrow.

 

Trade Idea

Short XBU24H above $245 with a $235 target price.

 

In the News

Interest in Bitcoin grows on Wall Street (WSJ)

Charlie Shrem is off to prison (Twitter)

 

Crypto Trader Daily – 12 March 2015

Price Action

$290 fell, and the price briefly touched $286 on Bitfinex. The price has settled back above $290, but is poised to take another leg down. $280-$285 looks likely before another run can be made above $300.

 

Trade Idea

Increase your portfolio’s short exposure above $290 with a target price of $280-$285. If $280 is breached, consider this bull run over. Use XBUH15.

 

In the News

IBM believes they can develop a better Bitcoin (CoinDesk)

Contact Charlie Shrem in the slammer (Charlie Shrem)