Crypto Trader Digest - 14 April 2013

Price Action

The slaughter began early morning in China as the price dropped $10 to $225. Then the price continued downwards and tested $220 and rebound back towards $230. $220 was broken in the afternoon trading session, and continued down to $218. The price is now hovering around $220 and looks likely to head lower. The next stop is $210, but a short squeeze looks likely before then.

Trade Idea

Position your portfolio for a violent short squeeze upwards. Use XBTJ15 for this play.

In the News

New Bitcoin Foundation Director Bruce Fenton Pledges Fiscal Reform ( CoinDesk)

‘Bitcoin Baron’ Hacker Arrested By Police in Arizona ( CoinTelegraph)