Crypto Trader Daily – 12 March 2013

Price Action

The fade has begun. $300 couldn’t be topped today, and the price is drifting towards $290. It seems the rally has lost steam, and consolidation will occur below $290.

 

Trade Idea

Take a short position above $290 with a target price between $280-$285. Use XBUH15.

 

In the News

Cumberland Mining believed to be a winner in latest US Marshals auction (Qntra)

Bitcoin Investment Trust audited financial reports (OTC Markets)

Bter to return hacked funds (Coindesk)

Crypto Trader Daily – 6 March 2015

Price Action

A violent short squeeze was successfully executed early morning China time today. The price shot from under $270 to $285 on Bitfinex. The fade was strong, and the price has tip toed back down to $270-$275. The bullish momentum could not hold the rally, expect the price to test $260 in the coming days.

 

Trade Idea

Establish short positions above $270, with a $260 price target. Trade the quarterly futures contract XBUH15.

 

In the News

Third US Marshals auction attracts more bidders (CoinDesk)

GAW Miners under US regulatory scrutiny (Coinfire)