Bitcoin Technical Analysis: September 9, 2015

Entry:

Buy long XBTU15 (BitMEX weekly BTC/USD futures contract) while OKCoin.com spot is at 242-241 USD with a spot stop limit of 240 USD.

Exit:

Close the XBTU15 long position when spot is at 255-260 USD.

Consider reducing the position by 40%-60% by taking profit at 250 USD.