“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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