HODL CRYPTO!

“Advice for a Friday!”

Not much to report on this Friday in the Crypto space, except that BTC is

creeping higher from the panic selling seen Sunday night into Monday morning

earlier in the week … back up now to about $6400 … RIPPLE to over $0.15

… both, IMHO, are clear winners going forward … HODL baby!!

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

Have a great day everybody!

-vegas

IN THE AGE OF MONEY PRINTING, CRYPTO IS KING!

“Nothing like true love, is there!?”

We’re about to see levels in the Pacific Ocean start dropping, from all the ink

that’s gonna be needed for the CHINESE WUHAN VIRUS QE, that’s about to be

unleashed by central banks … and IMHO, that means crypto and especially BTC,

is about to start a climb that years from now people will be crying in their beer

over not taking advantage of the panic selling that hit the space last week … and

with the BTC “halving” in May coming up, it only looks set to go higher.

Buy it, trade it, whatevs … for BTC, PRIMEXBT is the place to be, and for all other

pairs like RIPPLE, CRYPTO ROCKET is where you want an account … sign up for

an account @ CRYPTO ROCKET, set up a demo, and trade the algorithm I& ’ll

send you for FREE the “Trade For A Living!” e-book … or, send me $100 in BTC

and trade wherever you want and get ripped off … whatever floats your boat.

… until tomorrow  mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

THE OIL PATCH BANKRUPTCIES ARE COMING

“Throw in an oil well and make the process complete!”

Oil patch Armageddon today, with WTI down into the $20 handle, and set to

bust 20 into the teens … oh boy, get ready for the bankruptcy lawyers to go into

high gear … thank you Sheikh Skyhook from Saudi Arabia for starting the oil

price war with Vlad … I’ve said for weeks & months to stay away from this

complex, and it has been truly wicked trading action, with the spreads blown

the fuck out to upwards of 15 cents per barrel most of the day … simply

untradeable in CFD form at the moment.

Crypto ignoring the damage today, BTC not doing much, which don’t get me

wrong, is more than likely a “victory” for the pair … RIPPLE also holding up

OK … HODL baby!

… until tomorrow  mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

JUST HODL BABY!

“A timely message for today!?”

After the disaster that is called “oil”, I don’t know of anybody that is actively

trading it … Vampire Squid out with an oil report today in which they make the

case for Brent BELOW $10 per barrel, and talk of the possibility however remote

of seeing the oil market with no BIDS! … ZERO oil? … GTFO! … “OK, I know

they’re bearish, and the Saudi in charge is nuts and pumping oil like crazy in his

war with Vlad, but c’mon.

Crypto steadily gaining today, with BTC back into the mid “5’s”, and RIPPLE

around $0.15 … some good ranges for traders … it will be interesting to see, if

stocks get whacked again, and the DOW30 goes sub 20K, what crypto does

… until tomorrow  mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

CRYPTO HANGS ON … WHAT NOW?

“Oh Oracle of all Crypto knowledge, what now!?”

BTC hangs on, XRP gets trounced,, but by the end of the day, the BTFD worked

out well … today sees me pick up some cash RIPPLE [XRPUSD] around

$0.13500 … Ripple I like cuz the underlying cross border payments system they

have established for international banks is superb … it’s “ODL”, for “on demand

liquidity”, and I think in the future it’s very viable as an institutional payments

system. BTC tried to get clobbered, right about the time gold & silver were being

liquidated to the lows of the day, but it bounced back quickly once stocks

opened and stabilized ...  oil? … forget oil, case closed until further notice.

… until tomorrow  mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: THE CRYPTO BLOODBATH

“That escalated to the downside quickly, didn’t it!?”

As bad as the Thursday & Friday bloodbath in crypto was for BTC, it was worse in

coins like LTCUSD, and RIPPLE [XRPUSD] … as I said last week, no sector or

space is safe or immune from people liquidating profitable investments to cover

shit losses … it’s the way psychology works.

Nonetheless, I will remind people that at PRIMEXBT and/or CRYPTO ROCKET, the

former for BTC, an the later for everything else, the ease of hedging your CASH

POSITIONED crypto holdings has never been easier … low margins, high leverage,

and simply sell the trading position until you want to cover, and then add the

winnings to your BTC balance … you end up MOAR! BTC for the effort.

Granted, it’s not that easy, but appropriate hedging strategies involving your

crypto holdings can be devised & implemented for your specific reward / risk

profile, so that you aren’t one of the ones jumping off the roof when markets go

“Thelma & Louise” … I haven’t written or talked about it much cuz it’s really

outside the scope of normal trading, and I have no idea what your situation is

… all I’m saying is, think about it for next time BTC or some other coin goes way

up, and what metrics you would use, so that when it starts to go down you can

protect the profits you’ve built up while holding the position.

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

the current week, followed by the groupings and charts.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

DASHUSD & BCHUSD

STOCKS

AAPL, AMZN, GOOGL, & TSLA

CRUDE OIL

WTI CRUDE OIL

Onto what appears to be another crazy week of trading action… until tomorrow 

mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas

DOWN GOES FRAZIER!

“All I asked was, is it possible for Bitcoin to go lower!?”

No asset class escapes the axe, when it margin call time … cuz as history teaches

us, dumb asses ALWAYS liquidate winners to prop up the LOSERS, when markets

go tapioca … and this time was no different … BTC going from the “7’s” to the

“4’s” in record time … no worries, buy MOAR! & HODL!

Crude oil? … go lie down somewhere until the thought of oil leaves your thought

process … for the foreseeable future, it’s more trouble than it’s worth … blog

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

Have a great weekend everybody!

-vegas