SUNDAY UPDATE: BITCOIN FOREVER

“Who doesn’t want their very own private Swiss bank account?!”

Directly below, I’ve reproduced the “VIX MATRIX TABLE” for the current week

from traderzoogold.blogspot.com.

click on ANY table or chart to enlarge

Directly below, the 20 Day Range MA charts for BTC & ETH.

CRYPTO

BTCUSD

ETHUSD

No sense in being redundant, as all the information that affects this blog & crypto

is over at the sister blog site [traderzoogold.blogspot.com] … as it relates to

crypto, I’m culling back everything except Bitcoin [BTCUSD] & Ethereum

[ETHUSD], as these are the top two crypto trading instruments just about 100%

of all trading days … nobody else seems to give a shit about any of the rest, and

quite frankly most of the time they are vastly overpriced in terms of trading

conditions anyway, so what’s the point?

Onto the week … until tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas

BTC HOLDS & STAYS QUIET

“Sure, make it even more valuable!”

Not a whole lot to BTC today, with a rather dull range of about $300 … that’s

probably good news since it mean the gains from below 9K are holding up rather

well … and they should, what with central banks the world over printing money

like there’s no tomorrow … “you’re gonna look back 5 - 10 years from now, when

price is literally in the stratosphere, and kick yourself in the ass if you don’t own

or are getting trading profits via BTC NOW … everything else is worthless fiat.

Blog update on Sunday … until then  mi amigos … Onward & Upward!! 

Have a great weekend everybody!

-vegas

WHAT ARE THEY AFRAID OF?

“Never EVER let them control you & your wealth!”

If the FED were really interested in helping & benefiting the middle class, they

would be at the forefront of crypto & block chain technology … instead, they fight

it at every step, and call it dangerous … how come? … EASY PEEZEE: “crypto

empowers the individual, and takes power away from a central authority like these

douchebags, and allows finance [your money] to be “free”, in the sense nobody

but you controls it … and ya see, that’s the problem in a nutshell, this loss of

control thing government has”!

So what is it the FED is afraid of? … it’s giving you the power over them instead of

the other way around, and allows you financial freedom!

A pretty decent day in BTC … range so far, just short of $500, and some good

algorithm buy signals. Directly below, my best trade of the day, coming right

around the 15:30 server time [8:30 AM EST].

click on chart to enlarge

If you’re not trading crypto, you’re  missing the boat … COINEXX bid/offer spread

today was simply superb … under $2 the entire day, with few blowouts higher, and

the RT commission on 1 BTC about 19 cents … seriously, whaddaya want here?

 … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

BTC TRADES HIGHER

“How the Mrs. thinks!”

Well, she was all over it like white on rice! … I am, of course, referring to the Mrs.

today on the setup that led to BTC breaking above yesterday’s high and then

romping quickly up about $200 before topping out … and following the BTC

algorithm, she “rang the register” pretty “Hoover Dam” well … her response?

… “about time you move some for me”!

Some good setups today, and as I predicted yesterday about BTC, following

previous day’s highs / lows, especially when they are on some kind of streak

going up or down, when that streak is broken, watch out! … and even before

9014 got taken out, it was moving higher nicely, but when 9014 gave way, it was

9200 within a few minutes … ho hum, just another $400+ day in BTC!

 … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

BTC DRIFTS … POSITIONED SELL STOPS IN PLAY

“If it’s lower, put me back into the coma!”

Not a whole lot of action in BTC today … what we’re seeing is isolated selling at

times that take price down quickly in 1 or possibly 2 M1’s, and then it regains

back most but not all of the loss, and so we end up with this gradual decline in

price highlighted by sell stops, that in essence get the shorts out of the market

as the public sells … what we need to see for higher price again, is for the low of

the previous day to hold, and then work from there … as long as each day brings 

a lower low, it ain’t over to the downside … and along with that, break the

previous day’s high and swing higher … when that happens the positioned shorts

will be the ones to panic, and maybe we can attempt again the 10K level … other

than that, nothing new under the sun for BTC.

 … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

DUMPSTER DIVING IN BTC

“Get the trading algorithm Skippy & end the confusion!”

For a holiday, an approximate $460 range in BTC is pretty “Hoover Dam” good

… wasn’t expecting much, but with BTC who knows? … trading conditions today

were very good, with COINEXX leading the way with $1 - $2 bid/offer spreads,

and a RT commission of about 18 cents for 1 BTC … BaseFEX sees spreads

around $3 - $5, and limit orders per 1 BTC will be around $1.80 for 1 BTC … so,

if you’re scalping today off the algorithm, you can make a little more hay via

COINEXX … however, when conditions get a little wilder, that spread at COINEXX

won’t hold, so don’t judge a book by its cover OR a place to trade crypto off of

1 day … as I said yesterday on the Sunday blog update, both houses are

acceptable, and quite frankly there’s no need to have one or the other, have BTC

at both places and don’t worry about it! … this way, you’ll always have the very

best conditions.

 … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your Holiday weekend everybody!

-vegas

SUNDAY UPDATE: PICK YOUR BTC POISON

“It’s the 21rst century anonymous Swiss bank account at your service!”

Any way you want to slice the loaf is fine with me, but you need to know your

options & figure out what’s best for you … cuz no matter who the LP’s are, or

what system you’re ultimately trading Bitcoin on, there are costs … pick your

poison, higher bid/offer spread, or higher trading commissions? … and that

brings me today to a head by head comparison between COINEXX & BaseFEX.

COINEXX is closed on the weeknd, while BaseFex is open 24/7/365 … margin for

trading is 5X at COINEXX, but that can be boosted by accepting “margin bonus”

on deposit, and have leverage raised to 10X … margin at BaseFEX is 100X

… COINEXX uses the MT5 for BTC, while BaseFEX is an “order book” platform

with depth of market showing … COINEXX trades in BTC, with minimum order

size of 0.01 lots, about $91 at current price of $9100 per BTC, while BaseFEX

trades in dollar volumes you enter into the order book, starting at $1 an going up

from there … round turn [RT] commissions at COINEXX for BTC are priced like

FX, which are 0.002% notional per RT, so with BTC at $9100, the commission to

trade 1 BTC is 18 cents! … commissions at BaseFEX are based on the “maker”

[limit orders], “taker” [market orders] concept, and by signing up through my

affiliate link, you automatically get a 10% discount on commissions, so maker

commission is 0.018%, and taker is 0.054% … with BTC at 9100, that comes out

to approximately $1.64 for maker, and approximately $4.91 for taker … bid/offer

spreads are constantly changing with both platforms … when SHTF and BTC is

either going up or down “bigly & yuge”, spreads everywhere will definitely blow

out some … how much simply depends on the level of panic and the dollar

moves accompanying it … on the whole, though, BaseFEX will have a

consistently smaller spread than COINEXX by a couple of dollars … not always

but usually … COINEXX uses “liquidity providers” [LP’s] to make the bid/offer,

whereas BaseFEX uses the “order book” and your order can go anywhere in the

system that you want it … in other words, you are part of the overall market

… BaseFEX has NO KYC to open an account, and deposit / withdrawal is via

BTC, whereas COINEXX has light KYC [Gov’t ID & proof of address] … COINEXX

has trading in all markets, whereas BaseFEX is BTCUSD ONLY.

So, which is best? … well, depends on your priorities and what YOU value most

… as far as ONLY BTC is concerned, over time they’ll be close … IMHO, the big

problem at COINEXX is the very rapid change in bid/offer that can screw you

blind if you’re not careful … e.g., BTC is offered at 9101.00 and you click the buy

market button and get filled at 9112 on a complete mystery up tick, or go to sell

but it’s the other way … at BaseFEX, you can miss moves by getting too cute

with limit orders, trying to shave a few cents off your execution price, and end

up “penny wise, but pound foolish” … so, it’s all about “OPTIONS” for you, and

giving you choices so you can pick what’s best for you … I’m not trying to put

round pegs into square holes, simply give you the best that’s out there for

intelligent decision making … quite frankly, they both are very acceptable.

Directly below, the “CRYPTO, STOCKS, & CRUDE OIL VIX MATRIX TABLE” for

the current week, followed by 20 Day Range MA charts for selected pairs.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

DASHUSD & BCCUSD

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Onto the Holiday shortened week … until tomorrow mi amigos

… Onward & Upward!!

Have a great rest of your Holiday weekend everybody!

-vegas