Crypto Trader Digest – 16 March 2015

Price Action

The price busted through $290 in early morning Asia trading. $300 looms close in the horizon, but it takes great patience to restrain oneself from FOMO buying this rally. If you did not establish a long position in the $280s, wait for a slight pullback and begin accumulating a long position.


Trade Idea

Use XBUH15 to establish a long position below $280. Near term target price is $300. Expect it to be breached by mid week.


In the News

Victorian government to sell A$9.3 million worth of Bitcoin (SMH)

Overstock buys US broker dealer to help advance Medici exchange (Coinsetter)

Wiper aids Bitcoin and gets banned in China (Techcrunch)