Bitcoin Technical Analysis: October 16, 2015

Entry:

SELL SHORT XBT24H  (BitMEX daily BTC/USD futures contract) while OKCoin.com spot is at 256.5 USD with a spot stop limit of 257.5 USD.

Exit:

CLOSE XBT24H SHORT position at 252 USD;

Consider reducing the position by 40%-60% by taking profit at 254.5 USD.

Video Analysis: