“Stress, what stress!?”
Directly below, the “CRYPTO, STOCKS, CRUDE OIL VIX MATRIX TABLE” for the
current week, followed by the 20 Day Range MA’s.
click on ANY table or chart to enlarge
CRYPTO
BTCUSD
ETHUSD
ETHBTC
XRPUSD
LTCUSD
EOSUSD
BCHUSD & DASHUSD
Today, I’m going to compare the top 3 trading crypto pairs at PRIMEXBT versus
CRYPTO ROCKET [CR] … the results are interesting to say the least.
Notional value for both is 1 BTC, and as i write that would be notional value =
approximately $8,863 … notional value for ETHUSD is approximately = $8,300
for both, and notional value for XRPUSD is approximately = $6,600.
STOCKS
AAPL, AMZN, GOOG, & TSLA
CRUDE OIL
WTI CRUDE OIL
In what can only be described as pure bullshit from the scumbag LP banks,
trading as you’ve known it has disappeared in Crude Oil CFD’s … wherever you
want to trade, no matter the offshore brokerage house, you’re going to be
presented with very high bid/offer spreads, sometimes commissions, and a CFD
they don’t want you to know how it’s made up or what constitutes trading in it
… is it 2nd month futures, 2nd & 3rd month futures blended into an average, or
months into the future out to 12 months? … what exactly? … well good luck
finding out, cuz if you ask the brokerage house either they don;t know or the
scumbag bank won’t tell them to tell you … in other words, “trust ‘em” … and
that ain’t happening, cuz all that means is they are going to screw you blind in a
CFD with no transparency & ZERO accountability … so while you pay an
exorbitant spread plus commissions, you get back month oil bullshit while the
front month moves up/down … and so, the only conclusion you can draw is that
nobody but nobody wants to offer any OIL CFD worth a shit anytime soon
… adios OIL CFD’s!
I’ll keep tracking crude here on Sundays, but I won’t be commenting at all on
what’s going on, simply cuz it’s got nothing to do with how the OIL CFD moves
versus futures … you pay heavily for volatility, and they hand you back month
bullshit, and it’s simply another bank & brokerage house scam to take money
from your account … sorry to say, it’s futures or go home … currently with oil at
about $20 per barrel, the margin for a 1 lot futures contract has just been raised
by the NYMEX to $10,000, which means the mini oil futures contract which is half
the size is at $5,000 per 1 lot … 2X leverage, what a deal! … stare into the abyss
if you’re an oil trader, and come back head first into crypto!
BTC is a far better trading vehicle, and if you look at the ‘VIX MATRIX TABLES”,
BTC is on a par with many of the FX non dollar crosses I follow and track, much
better than oil, with far better consistent volatility in terms of range … my only
hope is that at some point here in 2020 or 2021, after the BTC “halving” coming
up May 13, 2020, the bid/offer spread comes down and more offshore brokerage
houses start to readjust the commission schedule lower … there’s no viable
reason for BTC to have a total cost to trade of about $10, which IMHO is way too
high … yes, the range MOST every day can easily cover this and BTC does move
very well, and the algorithm signals are great … still, it needs to be lower.
Onto the week … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
