“Welcome to crypto and/or trading in general!”
Directly below, I’m putting up again the “VIX MATRIX TABLE FOR CRYPTO & OIL”.
click on table to enlarge
The numbers for crypto, outside of Bitcoin [BTC], are approximately 2% higher
than they should be … this is due to the fact that I used “weekend” bid/offer”
spreads, when I should have used numbers during the trading week … didn’t
think it would matter that much since crypto is a 24/7/365 market, but it does
make a difference.
I want to highlight one of my favorite crypto pair today, which is RIPPLE
[XRPUSD] … trading right around $0.30000 [it trades 5 decimals] … if you have a
very small trading account, and I’m talkin’ anything under $1,000, and you’re
trading small volumes in something like XRPUSD [1,000 notional * 0.30 = $300
total value of RIPPLE you’re trading], the difference between CRYPTO ROCKET
AND PRIMEXBT is going to be fractions of a penny … in other words, it’s a draw
… however, at CRYPTO ROCKET a “1 lot” volume = 100,000 RIPPLE coins, which
is = to approximately $30,000 … do this kind of volume at PRIMEXBT and the
cost to trade skyrockets … in fact it will be DOUBLE the cost versus CRYPTO
ROCKET.
OK, so the key metric for XRPUSD is about 4% … a little high, but this coin
doesn’t sit around, and it’s IVIX [intraday volatility] is “bigly & yuge” … just for
today, the average M1 candlestick “bid price” range for XRPUSD is about 2 times
the total cost to trade it … in other words, it goes up/down like July Soybeans in
a drought, easily covering the cost to trade it, and in the process giving some
GREAT algorithm signals … and in case you’re wondering, it’s all in the new
e-book coming out here shortly.
Quite frankly, XRPUSD is on a par with crude oil in terms of metrics, but it trades
far differently and MOVES … use the link in the upper right corner of the blog and
sign up for an account at CRYPTO ROCKET … THERE’S NO KYC, simply use an
email address, then download the demo and install … takes about 1 minute
… this couldn’t be any easier.
So far, I’m pleased with fills and order execution in XRPUSD, and it’s a very good
market to trade … and it trades 24/7/365, so if you want some weekend action,
it’s there for you! … outta here … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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