CRYPTO GOES LIMP!

“After today’s BTC action, selling furniture might be a winner!”

Well, didn’t see this type of day coming in crypto … BTC on life support today, as

I don’t think it’s moved $50 the last 8 - 10 hours … just one of those dead days

that creep in and fool you.

Crude oil not much better, with another subdued range day, barely above a buck

… oil inventories later, but I think it’s the stock market melt down that’s got

traders flummoxed for the moment … nonetheless, 2 great oil algorithm buy

signals today, even in a shitty market … as a side note going forward, I’ll be doing

the WTI Crude Oil 20 Day Range MA from the CFD at PRIMEXBT … if you like to

trade oil, you cannot find a better WTI or BRENT OIL CFD, than the one offered at

PRIMEXBT … open 24/7 Sunday night through to Friday afternoon, the lowest

bid/offer spread you can find, and the LOWEST margin rate for 0 - 300 barrels,

which is at 1% of notional or 100X … I’m not saying trade 100X, but for margin

purposes it’s nice to get the lower rate … much better than the gyp joints in

Europe that offer crude oil margins at 10% or 20% of notional value.

Of all of the established & traditional markets traded, the very best IMHO is crude

oil … the problem has always been, up ‘till now that is, you couldn’t find an oil

CFD to save your life that was worth anything, and wasn’t a complete bank ripoff,

with the vast majority of offshore brokerage houses offering crude oil CFD’s at

anywhere from 5 to as many as 8 cents a barrel bid/offer spread … PRIMEXBT

solves this with their CFD, where the “net cost to trade” 100 barrel increments is

between 2.4 - 2.8 cents per barrel, WTI and/or Brent. 

And blink your eyes, and somebody just got mugged in oil … get to the

afternoons, and leave things up to the criminal elements in New York to make a

market, and you might as well be placing orders with Vito Corleone … no wait

… he’d give you a better deal!

I’ll have more on both the crypto & oil M1 Scalpers Algorithm contained in the

“Traders Course” [TC] in the days ahead … really some great stuff, and with

balances at PRIMEXBT held in BTC, as well as profits generated, you can’t find a

better place to trade with your money in the world’s best currency … while

central banks go QE HOG WILD, and debase their currency to the basement,

BTC has never looked better [unless of course you have 1,000 BTC you bought

at 50 cents, but that’s another story] … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas