Crypto Trader Daily – 14 February 2014

Price Action

$240 was taken and the price promptly shot up above $250. The retrace has taken the price down to the low $240’s. The rally looks healthy with higher highs on rising volumes. $260 could be tested before the weekend is over.


Trade Ideas

Accumulate Bitcoin in the low $240’s. Look for a retest of $250 and a possible rise to $260 in the next 48 hours. Use XBTG15 (27 February 2015 Futures Contract) to express this view.


In The News

Bitcoin and (CoinDesk)


CNN’s Morgan Spurlock ‘Survives on Bitcoin’ for a Week (Inside Bitcoins)