Crypto Trader Daily – 21 April 2015

Price Action

All quiet on the trading front. The price range was $222 to $227 on a light volume day. The market is in another holding pattern awaiting a sudden move higher or lower. $230 looks to be a formidable level to punch through. Expect the market to drift lower and retest $218.


Trade Idea

Accumulate short positions in XBUK15 in the high $220s looking with a downside target price of $218.


In the News

The Bankster War on Cash; JPMorganChase Begins to Prohibit the Storage of Cash in Its Safety Deposit Boxes (EPJ)

Tsipras to Seize Public-Sector Funds to Keep Greece Afloat (Bloomberg)

US Police Officer Charged with Receiving Stolen Bitcoin Miners (CoinDesk)

Crypto Trader Daily – 11 March 2015

Price Action

Bitcoin made another push over $300 early morning China time. The price subsequently fell back to $290, and is now gathering strength to punch through $300 again. The sentiment has turned quite bullish after the announcement that derivatives goddess Blythe Masters has joined a Bitcoin startup.


Trade Idea

Continue to increase your portfolio’s long position below $300. Look for a gap upwards during the early morning hours China time. Consider taking profit at $315. Use XBUH15.


In the News

Ex-JP Morgan head of Commodities Blythe Masters joins Bitcoin startup (Business Insider)

itBit revealed as one of the US Marshals Bitcoin auction winners (CoinDesk)

Crypto Trader Daily – 25 February 2015

Price Action

Chinese traders are still in holiday mode. The price stayed in a tight range of $235-$240. Volumes have yet to pick up.

Trade Ideas

Until trading  volumes increase, buy dips and sell spikes in the $230-$240 range. Use XBU24H (daily inverse futures contract) to trade short term price movements.

In the News:

NIRP: JP Morgan beings charging on some deposits (MarketWatch)

Boston Federal Reserve bullish on Bitcoin technology (CoinDesk)