SUNDAY UPDATE: CRYPTO & CRUDE

“It’s a new world out there folks … get involved in it or die!”

Going forward starting today, I’m going to continue to focus on crude oil [if it ever

moves again], but I’m adding “crypto” to the mix! And while I do that, my

emphasis will be on “trading” crypto for profit, not simply “HODLING” Bitcoin like

it’s a rare earth element … so, I’m going to focus on Bitcoin [BTC], Ethereum

[ETH], LiteCoin [LTC], EOS [EOS], & Ripple [XRP] … these five trade heavily, and

there’s no reason not to trade them for potential profit.

In the days ahead, I’m going to show you where you can trade them and get the

very best deal, and no it’s not Coinexx, Turnkey, or FX CHOICE … their crypto

CFD’s, to be blunt, are shit … very wide and sky high bid/offer spreads, and very

low leverage available as well … I would never tell you to trade at some place if I

thought trading a specific pair there was to your detriment.

So today, let’s take a look under the hood of BTC … directly below, the daily

candlestick.

click on chart to enlarge

So here ya go, and you can see how volatile this puppy can be … note up in the

left hand corner the bid / offer spread in BTC, currently 30 cents … more on

where this is and how you can register and trade here coming this week … you

can also trade the spreads, e.g., ETH/BTC … with 5 pairs, you have many spread

opportunities if you want to pursue them … more on all of this and PLENTY

MORE in the days ahead. Starting with next Sunday’s blog update, I’ll track the 5

cryptos listed above with their 20 Day Range MA’s as well.

Directly below, the 20 Day Range MA for WTI Crude Oil, for the upcoming week.

click on chart to enlarge

Included in the oil chart now, is the range in New York [blue] … this will give you a

good idea how New York sets and maintains price over time … as you can see, this

is where the majority of the day’s range comes, and so I wouldn’t trade oil other

than in the New York hours, server time at FX CHOICE of 14:00 - 22:00 EST [7 AM

EST - 3:00 PM EST] ... until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas