Crypto Trader Daily – 13 April 2015

Price Action

Volatility took a breather today. The trading range today was $232 to $238 with below average volume throughout the trading day. $230 seems likely to hold, and a relief rally to $245-$250 could happen at a moments notice.


Trade Idea

Sell XBTJ15 and buy spot. The contract is trading at a $3 premium over spot which equates to an implied volatility of 143%. Current realised 30 day volatility is 49%.


In the News

Case Study: Using Bitcoin Derivatives in Global Trade (BitMEX Blog)

Indian IT Giant Infosys Planning to Incorporate Bitcoin Technology (NewsBTC)

Charities Seek Donations in Bitcoin (WSJ)