CRYPTO TICKER

powered by Coinlib

Thursday, May 7, 2020

HO HUM, ANOTHER GREAT BITCOIN [BTC] TRADING DAY

“The “Fear & Greed” cycle at work in BTC … the only pure, free market left!”

Well, just your basic vanilla moon shot today in BTC, putting in a very nice almost
$900 range [so far] … OVER $500+ before “Stock Bellies” even opened! … and
again, like most days, some great algorithm buy signals … directly below, 2 early
ones.

click on ANY chart to enlarge


Earlier today, the bid/offer spread was in the $0.30 - $3 area, but since the high got
put in around the start of New York opening, the range expanded to over $500, it’s
been closer to $3 - $4 … still acceptable, since the average M1 range since New
York has started has been right around $26 … and remember, even useless Bitcoin
futures have a minimum price fluctuation of $5, and under “normal” conditions
PRIMEXBT IS going to have a total cost of around $10.

COINEXX started right after the Holidays in early January 2019, after their crypto
currency exchange bought Fin Pro Trading … they’ve had their growing pains,
and have had problems in the past with selected stock indices, notably the
H33HKD, and at first when they started their BTC market wasn’t that great
… meaning of course, the bid/offer spread was all over the place … in the last 6
months though, they have tightened the ship up and now provide a great platform
for BTC trading, along with everything you can get at Turnkey cuz they use the
same servers … for very small accounts,, more than likely you’ll find COINEXX’S
Ethereum market pair [ETHUSD] better to trade than BTC, simply cuz of the
margin leverage restrictions of 5X for normal accounts, and 10X for those that
choose the margin bonus offer … cuz ETH is priced right around $200, you’d
need to trade 500 ETHUSD to get  $2 RT commission, meaning trading a 5 lot of
ETHUSD is going to trigger a 2 cent commission … “oh, the shock”! … so a small
account of for example $500, could easily trade a 5 lot of ETH and it’s practically
FREE … check it out smaller traders!

… until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas




No comments:

Post a Comment