Crypto Trader Daily - 16 April 2015

Price Action

Levitation from the lows began during the China morning session. The price rose $8 to $228. Consolidation around $226 has begun, and it looks as if a run at $230 will be made possibly in the next few hours. This relief rally could top $240; beware of the squeeze.

Trade Idea

Buy XBTJ15 and take advantage of the USD gamma during this rally.

In the News

The Next Generation of Currency ( Wired) Buttercoin CEO Reveals 'Tactical Mistake' that Lead to Company Closure ( CoinDesk)

CoverYou: The First European Insurer to Accept Bitcoin for Premium Payment ( CoinTelegraph)