Crypto Trader Daily - 4 April 2015

Price Action

The range today was $250-$255. The price bounced a few times off the $250 support. It appears that this rally lacks additional horsepower, and will succumb to the fade and retest $240 in short order.

Trade Idea

Short XBUJ15 around $255 and increase the short if $250 is breached. The downside target price is $235.

In the News

Bitcoin Alternative LEOCoin Linked to Suspected Pyramid Scheme ( CoinDesk) The Truth About The Bitcoin Foundation ( Reddit)