Bitcoin Price Analysis September 5, 2015

Entry:

Short sell XBT7D (BitMEX weekly BTC/USD futures contract) while OKCoin.com spot is at 231-229 USD with a spot stop limit of 233 USD.

Exit:

Close XBT7D short position at 210-213 USD; consider reducing the position by 40%-60% by taking profit at 226 USD.

 

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