Crypto Trader Daily - 20 March 2015

Price Action

The whipsaw was in effect early morning in China as the price tested $250 then squeezed higher almost reaching $270 on Bitfinex. After the morning's theatrics the price settled in a $260-$265 range. The market has proclaimed $250 and $270 as the levels to look for. Better to sit, wait, and watch until the market gives a clear signal as to the new up or down trend.

Trade Idea

If the price breaks below $260, sell XBU24H and look to cover below $255 to play the new trading range.

In the News

Free trading for BitMEX integrations ( BitMEX) National Bank of Romania clarifies its stance on Bitcoin ( Qntra) Changetip integrates with game streaming service Twitch.tv ( CoinDesk) Ukraine shuts down separatists' Bitcoin accounts ( CoinTelegraph)