Crypto Trader Daily - 18 March 2015

Price Action

Volatility reared it's head and Bitcoin tumbled to a low of $269 on Bitfinex. $300 seems but a distant memory. The BIT euphoria has faded, and additional fuel is needed to restart the rally. $270-$280 range bound trading looks likely.

Trade Idea

Use XBU24H to play the daily range. Expect $270 and $280 to be formidable resistance levels for the next few trading days.

In the News

Evolution shuts it's doors taking thousands of Bitcoin from users ( Qntra) George Osborne to unveil Bitcoin regulations in next budget ( IB Times) Coinapult's hot wallet hacked ( Twitter)