Crypto Trader Digest – 24 April 2015

Price Action

The $230 seal has been broken. The price dipped below $230 for a few moments on Bitfinex during the China evening session. $230 has not be definitively broken. While China is revelling, traders will make another stab at $230. This recent rally lacked sufficient vigour as $240 was not punctured on the upside move. If $230 falls, a retest of $216 will happen in short order.


Trade Idea

Position for a possible break below $230 by accumulating a short position in the $230-$235 range using XBUK15.


In the News

Largest Bank In America Joins War On Cash (Zerohedge)

itBit Files For Banking License in New York (Business Insider)

Dogecoin Founder Exits Crypto Community Citing ‘Toxic’ Culture (CoinDesk)