Good day peeps hope alls well. If you are a trader in [Bitmex](https://www.bitmex.com/register/9VKUbO) 250% at 100x is not awesome deal, more so you'll be looking at 5000% or so. But for the rest of us who are new 250% is still quite decent. Well the previous post though i was bullish at $7.5k zone my instinct said we still have more downturn to come and then i went on to short @ $7577 & now the price is ~ $7400.

If you had bought say 1 Bitcoin in [Coinbase](https://www.coinbase.com/join/58d74a1aebf2ca1140b4e8e8) and just left it there you would have lost $7577 - $7400 = $177. However if you were to send you Bitcoins from Coinbase to Bitmex and did a short at say $7577 @ 1x leverage you would have made $177, more so if you did @ 100x leverage you would have made 177*100= $17700 worth in Bitcoin.

But its a good idea not to do a 100x leverage as if the price goes against your call, you will get liquidated even faster haha.10x would be relatively a safe play.

**Analysis**
We are at a support level right now ~7.4k and we haven't break the ~7k level yet & the sell strength from the peak at $18k seems to be fading away as we have lower sell strength. 

However we have a chance to go down as 4k too. So as of now i just closed my trades and am  going to get some sleep. I also need to discipline myself from taking too many trades & as they say let the price come to you...


[![](https://cdn.steemitimages.com/DQmPxNKXAhthJ9LS5A3VcokQG1rTr77SAYW7qRkngCN131t/image.png)](https://www.bitmex.com/register/9VKUbO)

![](https://cdn.steemitimages.com/DQmPh6eqXoDMJ8iKR7eDaDfyfwop7Fmfy1huHBquNdFZp9C/image.png)

Hope this was helpful and informative peeps and do sign up to [Binance](https://www.binance.com/?ref=10323998) for trading/buying crypto & in [IC markets](http://icmarkets.com/?camp=20091) to trade crypto/usd pairs in MT4. Also consider using [BITMEX](https://www.bitmex.com/register/9VKUbO) and try your luck at 100x haha :)

If you enjoyed it please do post your upvote, comment, resteem & follow. 

Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens : 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Steem & SBD : @amreshchandra :)

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