Crypto Trader Daily - 22 April 2015

Price Action

Wednesday seems to be the day of the week that things start moving. The price shot up through $230 to a high of $237. $240 looks likely to be retested. A failure to retake $240 could lead to a swift return to $230 and possibly below.

Trade Idea

Sell XBUK15 as the price retests $240, with a target price of $230.

In the News

“Not-So-Decentralized” Ripple Freezes $1m in User Funds ( Inside Bitcoins) Rand Paul Chides 'Naysayers' Who Want to Regulate Bitcoin ( American Banker)

Mt. Gox Customers Can Now File Claims For Their Lost Bitcoins ( TechCrunch)