Bitcoin Forum

Huge note: Bitmex is cracking down on it's no US users policy. You used to be able to sign up via VPN and it was fine if you never used the VPN again. Now, if you login using a US IP they flag you. This means you need to use a VPN every time you login. The new up and coming futures exchange is Deribit which I've started using instead of Bitmex. The volume is lower, BUT it doesn't have the "System Overload" problems that Bitmex does. The fees are also lower on Derebit.

Note, you do get 10% off fees if you sign up through a referral link. Feel free to use mine: https://www.bitmex.com/register/astVxa and https://www.deribit.com/reg-4025.4455, but even if you don't use mine, use someone's because it's 10% off fees, which adds up. You're literally throwing away 10% on every trade if you don't use a referral.

I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective.

First of all, the draw of Futures Exchanges is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting.

Again, both Bitmex and Derebit don't allow US users, so unless you're outside the US, you need to register under a VPN (and continue using VPN on Bitmex, Derebit should just be register under it and you're done). I use NordVPN and it's only $3 a month.

Once you're registered, deposit some BTC into your Bitmex/Derebit wallet. When you first open the trade screen it's going to look super complicated. It's not.

Buying Long on a coin means you expect it to go up. Buying short on a coin means you expect it to go down. Playing those buys works like any other Exchange (i.e. Binance). You can set a limit price to buy in at and an amount. to buy.

Now you want to pick your leverage. In the menu below that, there's a slider. Again, each multiplier of leverage means every 1% = your leverage multiplier. 1% gain with a 25x leverage means 25% gain. I would start with 2x/3x leverage until you get a good handle on things.

The Cost number below the buy long/buy short number is the big one here. With leverage, you're essentially putting loaned money toward a coin. With 10x leverage, you can buy 1 BTC even if you only have .1 BTC (this is why the percentage gains are so drastic). However, this means you can lose it as well.

Let's say you bought 1 BTC at $10000, Long at 10x leverage (So you put in $1000). If BTC dropped 10% to $9000, you would lose all $1000 you put in. If it went to $11000, you would gain $1000 and double your money. Bitmex will auto "liquidate you" if you drop too far and don't have any more money to cover (10x leverage means if it drops more than 10% you lose all the money you put in. 25x leverage means if it drops more than 4% you lose all your money).

You can change orders on the fly and constantly adjust. Let's say BTC raised to $10100 (1%). You could then sell your long order and you will have gained 10% and now you can invest your $1100.

Note, on Derebit, each contract is $10 rather than $1, meaning a 10,000 contract order on Bitmex is the same as a 1,000 contract order on Derebit.

Like I said, there's a ton of guides out there that go into the more fancy TA and ways you can adjust orders, but this should provide a quick overview to get you started. They have a testnet site where you can practice with fake money first as well.

Part 2 with more advanced tips here: https://bitcointalk.org/index.php?topic=5038481.0

Thinking sub 7 is coming soon. Shorting with tight SLs today.

Welp, very wrong on Sub 7, that's what stop losses are for! Waiting for 7650 and shorting there today.

Riskiest option you choose if you do margin trading on any exchange specially on bitmex with x100 leverage .
people thing one right move will turn their 100 bucks into 200 with just 1% difference in predicted trend . but it is totally gamble , margin trading should be done with low leverage . i tell you reason why .

suppose you have 100 usd only on bitmex and do long btc at 7100usd at x100 leverage , after 15 mins btc dip upto 7015usd  and later it bounce back to 7400 usd . bcoz you had only 100 usd so in that case your order will be liquidated at 7029usd (1% of 7100 at x100 leverage) . even after choosing a right move you lost it just bcoz 1% dip .
correct me if i am wrong .

You are correct, but thats why I suggest using Cross leverage. If you have 100 USD on bitmex, only bet $20 of it. This will mean it can dip to 6850 (napkin math) before you lose your entire balance, but you can lose more than the $20 you put in. Check the tips thread for a full explanation.

Long worked out great. Lots of money to be made in these areas since it's bouncing back and forth constantly.

Thanks for the interesting and informative review and comments about Bitmex.  It sounds exciting and dangerous, one could win a lot and also lose a lot.  Don't know if I'm up for that level of action but am going to check it out!

bitmex for noobs is The biggest difference is that in Bitmex you just load into Bitcoin and draw in Bitcoin. All other altcoins are derivative currencies and you do not need to actually buy or sell it.

What in the world does this even mean

Sideways ALL day today. Very strange. Longing 7500 if it gets hit.

Unless you are an experienced trader I wouldn't touch leverage trading, it's very easy to get burned. There are plenty of people who lost on their portfolio's and tried to make up leverage trading on Bitmex. People that gambled away their livesavings and that of their family, people indebted because of a leverage trading addiction.

If you're a noob, then don't even bother with Bitmex or leverage trading unless you have a history of day-trading and feel confident you're up for it.

Wowzers. Got stopped out luckily, but nutty drop. Longing 6850 here.

Stopped out again :D

Definitely think sub 6k is confirmed, not messing with longs anymore. Looking for a 6.6k short.

Targeting 6700-6800 for a new short here.

I am one example of your words. When the market was going down I saw how the capital decreased, but could not do anything, then I learned that you can play on the decline and decided to try and before you learn to spend 20% of its capital on the elimination. Now I trade only with stop loss and a small laverage

Reshorting around 6500. May long 6350 if it continues to hold.

I'm pretty sure that referral links are not allowed on this forum. Best to take it out to ensure this thread or your account doesn't get red flagged because you can never tell when a DT member is raging and would want to take out some anger on your account.

That being said, info on leveraging is good. As usual, caveat! Invest wisely and only what you can lose.

That short definitely did not go well, but luckily I was able to average it up and just got out at breakeven 6600. Probably longing 6500 now, think 7k will be hit at this point.

Lots of sideways lately. Thinking up after a 6550ish.

Could you show print screen of your trades? I think I will start using bitmex again. But I still need to study more because of in the past I have made some stupid choices.

Bitmex is brutal. I like trading alts way more. Follow Flood on twitter, he's killing this game. A lot of great tips

Thanks for the post. interesting strategy. Bitmax trading so complicated for me. Hope it will change.

I would but I do scalping rather than big moves, so it's like 10-15 trades a day. My suggestion would be find a good TA discord and make "theoretical" trades or play on test net until you feel comfortable.

Was VERY wrong about up. Use stop losses! Thinking 6500 is now resistance, longing to that.

Got close to 6500, but looks like it's back down for now. I'm in a quick long from 6050, but tight SL. Think its dump at 6150.

Took profits on the long. Shorting now at 6130.

I've been watching tutorials some time ago, tried the demo account and still could not quite get it. The only thing I could understand is that if you're unsuccessful on ordinary exchanges, then there's nothing to do here. Would like to try out 100x however with some small amount, but it has nothing to do with trading, more like a gamble.

It's a calculated gamble. Even if you constantly make 60/40 decisions you still come out on top. Over time, you'll develop your own strategy for what works for your psyche. It's just as much mental as it is technical.

Longing at 6300. Think 6.8k is in play.

Took profit at 6400. Kind of skeptical about 6800 now. Waiting to see how things develop tomorrow.

Took profit at 6550 and relonged. Took profit at 6650, currently no trade zone. Hoping to get a short at 6700.

Shorted 6750. Annoyed I didnt wait until 6800 but so far so good. Seeing a bounce around 6450 I think.

BitDEX trading floors take security seriously. They store all the money in versatile wallets that only allow access if most partners allow. Just as cold wallets are hidden away from the reach of potential hackers. That is the feature of the BitMEX trading platform we should trading longs

Longing 6500 Range. Little scared because Friday is usually a dump. Tight SLs

6500 seems crazy dangerous now. Probably sitting out until tomorrow.

Layering shorts from 6.6 to 6.8. I think dump will happen, but not sure when.

Average short is 6700 but very scared. Feels like this could test 7k. Keeping a close eye, be safe!

I have 2 months already working on this exchange and first lost a lot in liquidation. But it taught me a lot and now I take the shoulder maximum X10 and put a stop loss! Is there someone here who does day trading on this exchange? Are you good?

Took profit at 6650 on the short, regretting that for sure!

Longing 6350 now.

Although leverage is a very risky bet, it is better to bet on betting sites, and with a bit of timing it is possible to make a profit. The problem is greed, knowing the time to stop is important because it can become an addiction.

Just been playing these swings over and over. Great time to trade with tight SLs. I think the next big move will probably be up, but very content to play $30 swings right now.

Investing with big leverage is not really for newbies and you need a lot of skill to succeed in that form. I have also invested in Bitmex with leverage over x10 and the results are quite good but recently when the market was volatile I was no longer involved in this form of investment.

Got pretty lucky and managed to profit on the quick downswing and then flipped to a long and caught this up swing. Super good day today. I think we'll see a retest of 6200 then back up for a bit, maybe 6.5 or something. We'll see how it goes, but definitely leaning long after a small retrace.

it seems this platform is perfect for trading who want to learn to become a reliable trader and expert. you should do the trading with a little capital first to be able to train your rescience after it is felt very easy to be able to gain profits then can increase your trading capital.

Another great day today. Find the resistance points and play between them. Still think a 6.5k retest is coming.

Yes, I think now the price will rise to 6500, then again down to 5800. It's great to make both ways!

Retest of 6.3k then the run to 6.5k I think.

Stuck in a 6500 short but fairly sure it's going to retrace at some point.

Welp I got mega boned on today's pump as I was still in the short. Unfortunate, but it happens. Lost about a week of earnings, time to get back to it. Shorting from 7500 here.

Beautiful day with all the swings. 7300 is a bit of no trade for me, might see what direction it goes.

Another good day. Basically my strategy the last two days has been to find good entry points and then set smaller orders up to $100 passed that point. Even when I miss the entry really bad, it's eventually retracing way passed each one and I've done pretty well. Will likely get caught in one one of these times, but hoping this continues for sure!

Longing 7200 here I think.

Still following this strategy. I think the next move will be 7.8k, but plenty of money to be made before that.

7.6k might be the next stop. 7.8k looking somewhat doubtful.

Close enough to 7.6k I think thats it. Maybe 7.5k again then 7200 as a retrace.

Good 7800 rejection. Next stop is 7.5k or 7.2k I think.

I agree to this one for you to succeed on margin trading here in crypto world you have to a lot of knowledge in trading and all about cryptocurrency because if you are lack of knowledge and try your luck their for sure you money will be loss easily once you get leverage in your trade there. DYOR always and for sure all of us here will know what we are saying.

This continue test of 7.8k is scaring me a bit. 2h, 4h, and daily are all curving down, we'll see how high it goes.

Whew was I wrong! No trade zone right now. I'm thinking maybe 8.4k then down, but who knows at this point.

Thinking an 8050/8k bounce to maybe 8.3 again.

Had longed 8k and was sweating bullets as I DCA'd down to 7.8k. Definitely paying off now. Seeing 8.3kish as the next target here after a small retrace.

Expecting 8300/8350 then a retrace down to 8k. Everything is mega overbought right now.

8.1 got rejected pretty hard. Playing scalps for now, not sure of the next big move.

Some great scalps. Think next move is up, but continuing to scalp

DCA'd down my 8100 long and made some nice profit. Thinking of relonging at 8050.

Lucky for me I followed my rule of don't trade at night and didn't relong 8050! Now long at 7700.

DCA'ing this long down every $100 or so. Might take profit at 7700 just to get out of it, but this really should go up.

Took profit at 7650. Currently a no trade zone for me, not sure what will happen. The retrace up should have been bigger than this.

Relonged 7500 here.

DCA'd down and just took profit at 7500. Worked pretty well. Relonging 7350 here.

Shorting 7500 if it hits.

Missed my short... oh wellll

Longing 6950

No trade zone for now. I think 7050 then down, but not confident at all.

pretty sure these shorts are def having a effect on the price, people are making a killing if they have enough bitcoin to influence the market.

Longed 6900

Pretty good scalps today. Shorted 6965 and now long at 6905 again.

Great long. Took profit at 7100 and relonged again at 7060

Well that long sucked. Lost a good chunk there. Long at 6525 now.

DCA'd down at 6420. Debating holding this, but may just take profit at 6500.

Luckily DCA'd down and re-took profit at 6500. Long at 6200 now.

they need to improve stability regarding the performance of their own platforms. For example, when prices are experiencing high volatility in a span of time, we find it difficult to open orders for both stop losses and close positions.

Took profit on the long. Looking to short 6550 or re-long 6380

Leveraged trading of cryptocurrencies is just trading forex and I'll advise anyone that wants to venture into it to master some TA as it's very easy to get rekt with leveraged trading. Experience has taught me some lessons. I once lost over $1400 when ventured into trading with the requisite skills.

Longing 6430 here I think.

Got really lucky last night. Took profit on the long then had a long at 6300 and a short at 6525. Hit both within like $2.

Longing 6330 here.

There's the bounce! Was long at 6100. Probably sitting out for a bit to see where this goes.

Longed 6170. Tight SL.

I think bitmex is not for players and I think there are so many investors and popes who trade there because they think there is a very fast coin movement so that prices can change quickly and can provide a lot of profits.

Long at 6200. Will probably take around 6350 or 6400

Relonged 6300.

Took profit at 6420. Waiting for a retrace, kind of hoping to long 6300 again.

Well crap. Got owned on my 6250 long, but wasn't horrible. Longing 5875 here.

Beautiful day after being so horrible last night. Took profit. Waiting to see what happens.

Long at 6300.

BitMin is a Bitcoin Trading Platform and other Bitcoin-based Bitcoin Bitcoin fees are free, a small fee will be deducted based on Bitcoin's transaction fees at the time of its release. Good deal with investors

Took profit at 6500. Shorting 6750ish.

Long at 6300. Quick scalp.

What I see when I look at the ending comments is a complete gamble. There's a chance you could lose as much as you possibly could. If life is not a risk anyway, if you are experiencing a lot of risk or lose too much, then Bitmex is the right thing to try.

Shorting 6400 now!

Shorted 6450. Looking to long 6350 now.

Shorted 6500. Long now at 6250.

Been gone a couple days. The Bitmex going down and BTC pumping $500 1 minute later was hilarious.

I think I'm going long at 6375ish here. Really think we'll test 7k at some point but being very careful.

Took profit at $6500 but still think next move is up. Hoping to get a reentry around 6400

This type of trading is risky and not for newbies. You really need to study the charts and see where the price is heading, also the news to see if there is anything good to pump the prices. Otherwise, you might as well go into the local bar and put your coins into a slot machine instead

OP, what leverage are you using and how much % of your balance is usually involved in a trade?

Cross and 1% or so.

noobs should just stay away from Bitmex. Hayes is a shark and makes no bones about it.

Shorting 6750 again hopefully

Hit and took profit at 6670 to switch to long.

Living in this small range. I think we'll see a big wick up to maybe 6825 but it is dump from there.

Well uh oh. Average entry is 6850 so not too happy right now. will add more to short at 7150, but really hoping we're done going up for now.

Average entry is now 6950. Still hoping for a solid retrace. Another day of sideways movement though and I may just get out.

Took profit at 6901. Reshorting 7080 I think, may change my mind.

Long at 6820 right now.

Took profit at 7k from a 6820 long. Sitting out to see where it goes next.

Shorting 7060

Closed at 7030 since I'm going to bed. Really unpredictable next ~12 hours. Feels like 6800 and 7150 are major breakpoints.

Short at 7320

Reshorted at 7335

Weird day. Made some profit on a 7400 short but not sure here. Might just stick a short at 7520.

well
thank a lot for explanation
i hate bitmex for now .
its just like gambling.
better traditional trading ,i guess
also better you going to blackjack if u want quick money or quick burned.

I wanted to try leveraged trading but it's just like forex and extremely risky. You can get nice gains but if you get liquidated you lose it all. I know most people are making money by shorting the market, hence we are getting these market crashes all the time in 2018, this and the bitcoin futures is causing all the downside and downtrend. As soon as the prices go up again, all the shorters here just squeeze out any little profits, so small retail investors and holders now in crypto are the biggest losers. 2017 will never come back to us again that's for sure, now everyone can short Bitcoin without even owning it.

Unfortunately got caught in a 6600 long and that did NOT go well. Longed 6300 but took profit at 6450. Would like to long 6325 again or so.

Yeah i burned my hand in Bitfinex and lost a total worth of 80 ETH? Which i actually earn it through investing in potential ICO and hold for months
But i lost my 80 ETH within weeks lul

Leverage trading is really something which can either make you bank or make you blank

Looking for a 6350 long here.

Got it! Will take profit around 6450 probably.

Had DCA'd at 6150 for avg of 6250. Good profit at 6400. Now unsure what to do. Probably shorting 6400.

Had DCA'd at 6150 for avg of 6250. Good profit at 6400. Now unsure what to do. Probably shorting 6400.

Still looking for a 6400 short. Might make do with 6350 eventually.

Still looking for a 6400 short. Might make do with 6350 eventually

Short at 6400!

Longing 6200 I think.

Short at 6500 but wouldn't be surprised to see 6650.

Got out of that trade ASAP at small profit. Phew. Now eyeing another short at 6550.

Looking to short 6575 and probably hold that for awhile.

Long at 6400 now.

Got out at breakeven. Currently in a 6300 longh but probably won't be holding it

WHAT A DAY. Caught a nice short but took a little early at 6200. Got in a decent long for profit as well. Think I'm going to relong 6300 but curious to see what happens.

Short at 6450 and will average more at 6600. I still don't think 6100 was the bottom. This alt season doesn't feel real.

Breakeven successful! Sitting out for a bit. Thinking the next move is down but no idea for a target

Looking to short 6550 to 6450 possibly. Expecting a small retrace down then upwards to high 6000's again I THINK.

Hoping for a 6425 long.

Hoping for a long at 6580 now.

I really need to study the charts and see where the price is heading, also the news to see if there is anything good to pump the prices. Otherwise, you might as well go into the local bar and put your coins into a slot machine instead.

Long at 6550. Keeping a tight SL.

forgot to post and obviously a lot has happened but here we are in a similar spot! I'm once again in a long around 6500. Hoping we get a push but may retrace to 6430 range.

Long at 6430 here.

I really need to study the charts and see where the price is heading, also the news to see if there is anything good to pump the prices. Otherwise, you might as well go into the local bar and put your coins into a slot machine instead

Agreed, no matter how hard I tried, it looks more like a lottery to me. Sometimes I was right with my bets but I was getting kicked out with my stop-losses so frequently that I finally gave up. Tomorrow Bitfinex is going on technical maintenance, so there is going to be some heavy manipulation once again.

Took profit at 6550. Sitting out for a bit. Next move is probably a big one but no idea which way it is. I'm hoping for 6k one more time.

Looking for a long at 6500.

The most boring day of all time. Still eyeing a 6500 long, but this is due for a big move for sure.

Good alt movement today. I think we may see 6750 but then a rejection

Anytime I checked this Bitmex exchange, it is too complex for me, Is there any where one can learn how to use these. I know that future market is more complex than the normal crypto exchange but there should be a way newbies can learn this and not be burnt using it.

Unfortunately had a horrible long at 6490 and got wrecked. Now long at 6100.

Took profit at 6210. No idea what to do next.

Longed 6185

Took profit. Looking for another long maybe at 6350.

Gonna hold this long for a bit I think. Maybe 6550 if I'm lucky.

Boring day. Still looking at maybe 6500 to close this long.

Missed the wick unfortunately. Still long here, but may close early.

Took profit at 6425 and flipped to short. Likely a short term play.

I know this kind of investment. This is a game that has a huge impact on the market. This game is called Margin and it makes the market lacks stability. Whales usually control the market and control this game. Whoever invests heavily in these games, whales are willing to manipulate the market to make a profit from this game. Very dangerous and hope everyone should avoid these games!

Sitting out for a bit. Would like another long at 6325 or so. Or may short 6450.

Insanely boring last couples days. I'm betting on a quick drop then a climb ,but I have no idea when or how much.

I know about this game and this game has killed hundreds of people in my country. This is true and I advise that new investors should not participate in this type of investment. Some information I know is that whales are willing to manipulate the market just to win the player who bets high. Be careful and stay away from these types as soon as possible.

Glad I sat out. I think I'm targeting a 6200 long here.

bitmex is not for noob places, there is a place of exchange too so there is very suitable for trading because the movement is very crowded and the fees there are not too expensive so you should be able to use the exchange as best as possible.

It's too difficult to trade on bitmex because it's different than the other exchanges and it's not recommended for noobs. In bitmex, you need to have skills to trade because it's leveraged trading which you will get a big loss if you make a mistake to determine the movements of the coins. So I think it's better to trade on the other exchange like bittrex, poloniex, binance.

Really wish I did 6215 instead of 6200. Missed the jump. Not sure what is happening next. I think it should have pumped higher so now I'm skeptical.

Almost longed 6330 as things were looking juicy but felt too risky :(

This still looks like it has some room to go. Maybe 6550?

6550 still seems possible, but 6420 seems to be a bit of a block. Scared to long here in fear of a quick 6050 drop. Sitting out tonight for sure.

Sometimes I wish I listened to my own calls. Currently short at 6520 rather than 6550 like I should be!

Great drop. Long here at $6400, not sure when I'll close.

Long at $6330 but will likely be a somewhat short one.

Fortunately got out of that pretty early. Now long at 6285.

I opened a short at 6315 and exited all my alt coin positions last night. This seems obvious to retest the lower 6000's again. Will keep an eye to see if anything changes my mind.

Well I was 100% right but jumped back in way too earlier. Very surprised it went this low. Should bounce back to 6k but who knows at this point.

You can earn a lot and lost all of your money on bitmex. 100x leverage isn't a joke and when big position is closing, there is a spike.
There might be a big difference between bitmex and other exchanges

I got absolutely blasted. Wrecked multiple times. Lesson learned, quit trying to catch the bounce. I'm making smaller, quick trades right now because I have absolutely no idea where this is going. I'm hoping for another 4k test.

Longing 4080 here I think

Solid long. Took profit at 4250. Looking at 4120 here now maybe.

Took a bit of a hiatus. Bitmex cracked down on US users and the uncertainty of it made me pause a bit. I'm still using Bitmex a bit, but had to make new accounts.

I've switched primarily to Derebit (https://www.deribit.com/reg-4025.4455 for 10% off fees!). The fees are less there and there's no System Overloaded crap. However, the volume is much lower so it takes some getting used to.

Looking to long 3250 here.

Need to do a better job updating this! Been getting used to Derebit and not having to worry about system overload, has definitely altered mytrading strategy!

The long at 3250 was great, but took profit WAY too early. Currently playing swings. Possibly looking for a relong at 3650ish.

it looks like bitmex has very high price manipulation and lots of traders are trapped there, preferably for new traders who don't understand bitmex it's better not to use too much of your money to trade there.

Got in at 3720. Holding this until 3900 I think.

Leverage trading is like poker.. You can win a couple times, but on the end of the road you will lose eveeythin.. Dont trade with the money that you dont have..
Stop-loss strategy will not help you..

I learned my lesson 10 years ago with forex trading..
I was making good money and fast, but after a while i start beginning losing and lost everything..

Buy for a good price with the money that you have and hold.. If there is a bullrun look at the market if there is enough interest then hold untill the top and sell before the panic starts.. The trick is selling before everyone else and buying when everyone else sold and the last guys are standing to hold. If you can analyse that you can make money in this crypto market..

Took profit at 3770. Indicators needed a reset. Might try to relong at 3700.

Why does everybody use bitmex for margin trading? You can use 10x-20x leverage on futures , you don't need to pay high comissions and they have application on mobile

I know that without a doubt the intention behind the OP is good, but leverage trading is not for newbies I will say that leverage trading is not even for traders with some experience, you need to have several years of experience before using such a dangerous tool especially in the market of cryptocurrencies were the volatility is already incredibly high and could make you lose all your money in a matter of hours.

Broke 3700. My next long is at 3525.

Feelsgoodman. Profit at 3900. Sitting out for a bit. This is unpredictable as hell right now.

Triangle is really tightening up. I'm really hoping for a 3650 but not sure.

Didn't quite get 3650. Bummed. Might look for 3700 now cause I missed it.

Taken a bit too long to hit 3700. Might move it lower. Possibly looking for 3620 now.

I'm really liking Deribit so far. Not having system overloaded problems completely changed my trading strategy for the better.

Too hungover to trade last couple days! I'm shorting 3900 here if it gets there. Would love for it to drop out of the sky to 3200 and start the new bull run.

Deribit has been so much better than Bitmex (at least for non-US traders). I have realized some shorts there recently and the market seems less manipulated and tricky for newbies.

Ouch. Nutty candle. I'm stuck at an average of 3980 but I'm EXTREMELY nervous for Bitfinex maintenance in 4 hours. Not sure what I'm going to do yet. Would love to close this ASAP.

Forgot to post but so much for being stuck at 3980! Great profit. I'm looking at 3550 then up right now.

Long at 3505 right now.

Serious no trade zone. Going small scalps with tight stop losses because anything could happen here.