Crypto Trader Daily - 30 March 2015

Price Action

During the China morning trading session Bitcoin fell to $236. A sharp rebound then took the price $10 higher to $247. The price slowly faded throughout the rest of the trading day, and it looks as if $240 will be breached again during the early morning hours tomorrow.

Trade Idea

Short XBU24H above $245 with a $235 target price.

In the News

Interest in Bitcoin grows on Wall Street ( WSJ) Charlie Shrem is off to prison ( Twitter)