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Sunday, June 14, 2020

SUNDAY UPDATE: BTC / ETH TRADING IS WHERE IT’S AT!

“Would your Grandma give you bad advice!?”

Directly below, this week’s current VIX MATRIX TABLE, followed by the 20 Day
Range MA charts for BTC & ETH.

click on ANY table or chart to enlarge

CRYPTO
BTCUSD


ETHUSD


Some big daily ranges falling off the table from over 20 days ago, and that sees a
big dip in BTCUSD 20 Day Range MA going down … still respectable at about
$473, but what really matters here is the cost of trading BTC.

Most of last week saw trading conditions at COINEXX in BTCUSD have sub $2
bid/offer spread and the RT commission is only about 19 cents for 1 BTC … and
at times even $2 was high, as the spread for long stretches of time were under
$0.50 … combine that with the RT commission and it doesn’t get any better than
this!

Given BTC volatility, to get 5% of the value of a coin as a daily range, combined
with the lowest rate going when conditions ARE NORMAL, presents trading
opportunities that are off the charts … granted, I wish the margin level at
COINEXX was higher than 5X [20%], but with margin bonus when depositing BTC
to trade, that can be upped to 10% or 10X … this should be sufficient for most
people, but I would also recommend ETHUSD for small accounts as well.

With ETHUSD trading around $235, round turn [RT] commissions are ½ penny
per 1 ETHUSD! … the daily range averages over $12, and the spread is usually
under 20 cents, and many times last week it was 6 - 8 cents … so if your trading
account is very small, trade ETHUSD at the best rates & conditions possible
… “I’ve searched … nobody out there comes close to this commission rate or
spread, and the way crypto moves, if you’re using 10X or lower, you can still
make a helluva lot of money trading ETHUSD”!

Use my affiliate link and sign up at COINEXX … open a demo with simply an
email address, and then download the MT5 [not the MT4] and you’re up and
running within a minute … it doesn’t get any easier than this folks, it just doesn’t
… and if you’re NOT bringing yourself up to speed with crypto pairs like BTC or
ETH to trade, what the hell are you waiting for? … seriously, they are the best
markets to trade bar none, cuz there’s no government manipulation going on
… so whatever it is that makes you go “FUD” [Fear, Uncertainty, Doubt!], ditch
that shit and get with the program!

… until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas





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