Bitcoin Technical analysis: September 7, 2015

Recommended contract: XBT7D(Bitmex weekly BTC/USD futures contract)Entry:BUY LONG XBT7D(BitMEX weekly BTC/USD futures contract) while OKCoin.com spot is at240-238 USDwith aspot stop limit of 236 USD.Exit:Close XBT7D long position at 255-260 USD;Consider reducing the position by 40%-60% by taking profit at 250 USD.Video Anaylsis[embed]https://youtu.be/-O_hAaxFAj4[/embed]   UPDATE: A recent break of the inner uptrend line indicates a larger retracement coming soon. Wait for a reversal before going long at around 236 USD.