Crypto Trader Daily - 12 March 2015

Price Action

$290 fell, and the price briefly touched $286 on Bitfinex. The price has settled back above $290, but is poised to take another leg down. $280-$285 looks likely before another run can be made above $300.

Trade Idea

Increase your portfolio's short exposure above $290 with a target price of $280-$285. If $280 is breached, consider this bull run over. Use XBUH15.

In the News

IBM believes they can develop a better Bitcoin ( CoinDesk) Contact Charlie Shrem in the slammer ( Charlie Shrem)