Crypto Trader Daily - 10 March 2015

Price Action

$300 was breached in a punchy day of trading. The price has faded back to the low $290s, and looks poised to make another run to the upside. Expect a FOMO rally to $320-$330, then a sharp correction downwards. Don't let emotions get the better of you, this is a rally on no news and is driven by leveraged speculators not cash buyers.

Trade Idea

Increase outright long positions below $300. The near term target price is $320-$330, then take your portfolio flat. Use XBTH15.

In the News

21 Inc announces $116 million funding round ( DC Magnets) Erik Voorhees behind ShapeShift ( Coindesk) American Century Life to accept Bitcoin as payment ( Insurance News Net)