Bitcoin Technical Analysis: October 16, 2015

Entry:SELL SHORT XBT24H(BitMEX daily BTC/USD futures contract) while OKCoin.com spot is at256.5USDwith a spot stop limit of 257.5 USD.Exit:CLOSE XBT24HSHORT positionat252USD; Consider reducing the position by 40%-60% by taking profit at 254.5 USD.Video Analysis:https://youtu.be/5x7TpbehjFM