Crypto Trader Digest - 24 April 2015

Price Action

The $230 seal has been broken. The price dipped below $230 for a few moments on Bitfinex during the China evening session. $230 has not be definitively broken. While China is revelling, traders will make another stab at $230. This recent rally lacked sufficient vigour as $240 was not punctured on the upside move. If $230 falls, a retest of $216 will happen in short order.

Trade Idea

Position for a possible break below $230 by accumulating a short position in the $230-$235 range using XBUK15.

In the News

Largest Bank In America Joins War On Cash ( Zerohedge)

itBit Files For Banking License in New York ( Business Insider)

Dogecoin Founder Exits Crypto Community Citing 'Toxic' Culture ( CoinDesk)