If you are doing leverage trading, this post could be very helpful to you. Currently, Bitmex is the biggest margin exchange but there are a lot of them that are coming.

We were testing one of them and today we decided to recommend it to you - This exchange is Deribit and it offers you the same opportunity as Bitmex but the fees are way lower. Why do fees matter?

The fees you will pay for entry and exit are the same but the fees you will pay for holding your position (also known as funding) is way lower.

Just to make a comparison, the current funding cost on Bitmex is 0.079% while on Deribit it is 0.019%.

This is the fee you will pay every 8 hours. Let’s say you are using 50x leverage on your trade.
The fees you will be paying are calculated on this way: fees*leverage.

So on Bitmex, you will end up paying 3.95% every 8 hours. This will be the money you will pay from your own money. If we consider that you will be paying this every 8 hours, your daily costs will be 11.85% based on the current rate. It will take less than 9 days for you to be liquidated. Isn’t that ridiculous?

On the other side, on Deribit you would be paying 0.019%*50x = 0.95% or 2.85% every day. Do you see a huge difference?

For the same trade, you would be paying 4 times bigger fees in BITMEX. It is your own money and it is ridiculous to pay 4 times more money for the same opportunity you are getting.

What Deribit has that BitMEX doesn’t:
- ZERO downtime. You can log in anytime.
- LOWER FEES.
- Lightning fast API, much faster execution of trades. Meaning you can jump on the bandwagon during erratic price action.
- The system is never ‘overloaded’ during pumps or dumps.
- Cross trading with 50x max leverage.

Being long on ETHUSD on Bitmex recently would cost you a lot because funding was hilariously high which would decrease your profit drastically. Why paying more fees when you have an opportunity to avoid it.

Check it out (Ref-link)

Affiliate Link to Sign-Up form: https://www.deribit.com/reg-5508.8322

Affiliate Link to Front page: https://www.deribit.com/reg-5508.8322?q=home

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Bitfinex is still withdrawing money from its called wallet. Just 2 hours ago, 12 500 Bitcoin left their wallet.

In the last 14 days, 45 000 Bitcoin left their cold wallet which is almost 40% of the total. Are they keeping the price high and selling their Bitcoin?

Bitcoin at important price level

We are currently at monthly resistance: https://www.tradingview.com/x/HLpHgKRO

This is very important area. We may see some spikes above but this is the last area bears have to step in otherwise Bitcoin is coming above $7000 in day or two.

One of the biggest short squeeze is about to happen with BTC reaching at least $6500 with chances of reaching even $7000.

It is getting even worse for the bears 🚀🐻

$6500 reached and we just tap into $6900 leaving us $100 from the main target of $7000.

No TA, just simple math 🙌

When drop? When every single bear is liquidated. Who is going to be bear then? Those who are putting sell orders and the majority is buying currently in them .

Are we going to see Bitcoin below $6000 again?

Absolutely!

Target perfectly reached 👌

All targets were reached. Everything that exceeds $7000 will be confirmation of Bitcoin strength but catching long position now is very risky and could be compared to buying Bitcoin above $15k in 2017. You have chance but overal trend is not sustainable and there will be opportunities of buying lower.

Futures closed at $6350 yesterday and we have currently potential gap of 10%. Even if we open Monday with this gap, we do believe the price will throughout the week ahead try to reach at least to test that gap.

When next setup comes up we will let you know. Until then, we are waiting for focus is shifted towards altcoins that may take the action if expected slowdown in BTC price happens.

That’s being said, the alts with biggest potential are margin alts.

Happy Saturday and be grateful for these prices. I should everyone has to be happy with this performance because it confirms the strength of bulls in the market.

Get ready for Ethereum with targets at $200 and $240.

Just to mark the price at which this was shared and to capture this unbelievable funding rate. Using 25x leverage and holding position for a day would cause you to lose 30% of your position. In 3 days, you would lose entire position just because of funding.

You do not have to register under our referal link, that’s totally okay but start looking for some alternatives because trading on Bitmex is becoming nightmare. No matter if you are long or short, wrong or right you will be losing money.

The choice is yours, here is the link for great alternative that is getting traction very fast.
https://www.deribit.com/reg-5508.8322

Do not move your whole funds there but moving part of funds is recommenced so you can take opportunity and trade with the way lower fees.

https://www.tradingview.com/x/RZd0UAHU

It took 49 minute for target to be reached 😯🤯

Thank you Vitalik

Two great signals were shared in last 2 days. What’s next?

It’s time to wait for price to reach buy levels. We marked two very important areas

https://www.tradingview.com/x/hhhldPYu

Buying above these levels only in case of short-term long opportunity.

I’m back, I hope you didn’t miss me 🙋‍♂️

Finally it is coming back below 60%. It does indicate the potential slow down and ranging above 6k. Once we spot next extreme point that aligns with market conditions, we will share with you.

This is our next focus. Try to research the reason for this ratio on Bitfinex. So far, the math says it will go up. Any major change will be updated.