Eoin Treacy's view

I closed my Bitcoin long last night, feeling that the downward dynamic was large enough to at least check the advance. In my view potential for a bounce is fairly equally balanced with a further decline and I decided discretion was the better part of valour. The position was closed at $655.34 against my purchase on June 3rd at $555.10. These prices include spread-bet dealing costs but not the daily roll charge which was about 0.25%.