Crypto Trader Daily - 27 March 2015

Price Action

Today was a quiet range bound trading day. The price touched a high of $255 and a low of $245. The GBTC or the first Bitcoin investment vehicle to be listed in America (on the pink sheets) went live today. It was an anti-climactic launch with no major price movements after it went live.

Trade Idea

Establish a short position with XBUJ15 above $250 on the hunt for a break down below $240 over the weekend.

In the News

Bitcoin Investment Trust goes live on the American pink sheets market ( CoinDesk) Isle Of Man clarifies Bitcoin regulations ( CoinDesk)