OIL & CRYPTO GO SPASTIC

“Finally, crypto has something he’d like to say!”

Well, it’s oil inventories roulette over in crude, and somebody [see other blog

post] decided it would be a great time to explode BTC higher by about $500 in

11 minutes … crude goes bonkers on a big draw down, and the head pooh bah

over in Saudi Arabia puts the hammer down on OPEC+ member cheating [right,

sure he did] … and just like that, crude is up $2+ bucks … 2 great “Traders

Course” [TC] algorithm buy signals in oil, and 3 in BTC … what are you waiting

for?

Meanwhile, stocks are in “protect & defend” mode, cuz they can’t go lower ever

again, no matter the world economy sinking into an abyss … all that matters is

the currency of “China trade deal” to the exclusion of every other matrix

anywhere … go figure.

I get a kick out of articles on ZH [Zero Hedge] that have to do with crypto

… today sees one and wonders why the quick price explosion up … it’s always

interesting to read the comments of those truly insane with nothing intelligent

to say except “fuck you”, or some such other tripe … people hate crypto and

people love crypto … the haters claim it’s all a scam, despite the evidence to

the contrary, and the fact that despite themselves, the world is adopting crypto

faster than they’re dumping fiat and corrupt government control … in the last 2

months, the corrupt FED has “QE-ed” approximately $326 billion dollars to their

BFF’s the scumbag Wall Street banks … total capitalization of BTC is about $150

billion … the FED will continue to print money until it literally drowns you and

rivals the Venezuela Bolivar for value … the total float of BTC is about 16 million

coins … do the math Skippy … lastly, why would I listen to a bunch of assclowns

who have been holding gold since 2011 at $1900 cuz it’s coming back, but BTC at

50 cents in 2011 is a scam? … know nothing, see nothing, learn nothing, but let

the “butt hurt” flow cuz you were too stupid then just like now … and when it

eventually goes insanely ballistic higher and becomes a world standard, what

will you say then? 

In any event, to get the TC for FREE, open an account at PRIMEXBT & fund it with

anything you want [link in the header & get a 35% deposit bonus as well!], email

me and let me know you’ve done it, and I send you the TC ASAP … or send me

$60 in BTC and trade wherever you want … quite frankly, I don’t care much cuz

it’s your shipload of money that’s sitting waiting for you to claim, anchored

somewhere out there all alone … go get it or don’t … whatevs.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL & CRYPTO TAKE A DAY OFF

“I’ll take WINNERS for $1,000 Alex!”

Oil & crypto taking the day off today … not that unusual in oil lately, but kind of

surprising to see crypto rather dead … the usual MENA [Middle East North

Africa] suspects not happy with Vlad & crew in Ruskieland, and their ideas of

maybe not cutting production like the rest … so over the weekend some

jawboning from the Sheikhs & dictators, and Bingo, Bango, Boom!, oil spurts

higher.

Earlier today, got a great algorithm buy signal in ETHUSD, and rang the register

there, while stocks were dead before the latest round of “China trade deal”

fireworks got some “big girl panties” all bunched up and in a wad … once

stocks opened, crypto hasn’t moved at all.

I posted over in my other blog about trade conditions for crypto, and how most

other brokerage houses only give you the “optimum quote”, and don’t give an

indication of what kind of slippage a bigger order will have on your fill … one of

the great things I really like about PRIMEXBT, IS THE BID/OFFER you see on

your chart screen, is the bid/offer for the size of your trade … raise the volume

and the spread widens some, lower your size and the spread contracts some.

For WTI Crude Oil, it breaks down like this; 100 barrels, bid/offer spread = 1.2 or

1.3 cents; 200 barrels, bid/offer spread = 1.4 cents; 500 barrels, bid/offer

spread = 1.6 cents; 1,000 barrels, bid/offer spread = 1.8 cents … commission

[round turn] is 0.02% of price per barrel, so at the current price it’s about 1.2

cents.

Quite frankly, if you’re not trading crypto and/or crude oil at PRIMEXBT, you’re

giving money away … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL’S HALF ASS RALLY OFF STOCKS

“My message to the oil market!”

Today looks and feels like a half-assed attempt at a rally in oil … a pretty slow

crawl up on some “China trade deal” news, which has been priced in about 97

times already … the fact we’re still in the $57 handle says a lot, and none of it is

good … right now, this market is seeing falling VIX and trading action sucks

… algorithm or no, I’d leave it the hell alone until it figures out what to do and how

to break this $5 range we’ve been in for months.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL GOES ROLLER COASTER

“Another day where every oil trade looks & feels like this!”

Up on stocks, down on oil inventories report … up some more on stocks, down

on “China trade deal” news … slightly higher range than we’ve seen, but the

trading action is severe whipsaw on news … get caught up in it and you’re toast

… quite frankly folks, right now oil is a nightmare to trade and I’m leaving it alone

… even though the oil algorithm has done well, this market is worse than a

teenager on meth … walk away and come back when something happens … until

then you’re only subject to whipsaw.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL HITS THE $57 HANDLE ON CHINA NEWS

“Can’t you just see the happiness in an oil traders face!?”

Oil goes higher today thanks to QE from the FED, and the bogus “China trade

deal” … throw in some dictators & thugs talk about cutting production, and it’s

bad news for shorts.

Looking at the WTI Crude Oil CFD, some good algorithm scalper M1 buy trades

using the techniques discussed in Chapter 6 of the “Traders Course” [TC] for

aggressive scalpers … and while you might think the term “aggressive” pertains

to risk, actually it has a totally different connotation as I use it in the TC

… literally a perfect trade in crude from the TC … get it, and find out how to do it

… it’s only $60 and it comes with support via chat … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas

OIL GOES “SLEEPYTIME” … [AGAIN]

“Oil traders from yesterday … they’re still puzzled!”

Not much to report on in the oil complex, as oil puts in one of its worst range days

in recent memory … barely over a buck for the day, hanging onto the $56 handle

… there is literally nothing you can take away from today, as even the “China

trade deal” rumors did almost nothing … there’s too much oil sloshing around to

get it much higher unless there is another Saudi attack of some kind … really

nothing new under the sun.

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

Have a great day everybody!

-vegas

WELCOME TO “HO HUM” OIL

“Just think crude oil, and you won’t be far off!”

We’ve got a market on our hands that can’t go anywhere … it’s a miracle the 20

Day Range is as high as it is, but from yesterday’s chart, it’s started to go down

from that $2 level, and today it’s again significantly below that … with no news, it

basically just mirrors stocks … I wish there was some news to move this puppy,

but unfortunately it’s as stuck in mud in the $52 - $55 range, and unless missiles

start flying, or the “China trade deal” gets solved [hahahaha], I don’t see anything

happening anytime soon to get this market out of the mud … nothing new under

the sun … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: GIDDY UP OIL!

“Right, never heard this before … bwahahahaha!”

Directly below, the 20 Day Range MA in WTI Crude Oil.

click on chart to enlarge

Well, almost back up to the $55 handle … of course, it’s all about stocks and the

“hopium” around the “China trade deal” … this week will see oil roughly trade in

line with stocks, and any disappointment on that front will see oil soften in price

… “Traders Course” [TC] is finished, but I have to vet it and let fresh eyes see it

first, but we’re only days away.

In the TC is the oil algorithms, and if you can follow directions .. a very big “IF”

… you’ll make a shipload of money … the oil algo is better than excellent … so,

only a few short days away.

Onto the week at hand ... until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

THE “NEW” MARKET CON GAME

“Again Skippy, I see you get caught short oil and here you are!”

All you need is a little terrorist financing … you know, an RPG launcher and some

ammo, or maybe a missile or two … step 1) get long oil futures, 2) send the missile

to hit an oil tanker, and 3) liquidate the long positions … rinse & repeat as often as

necessary to fund more terrorism, or other noteworthy goals in the swamp of

MENA [Middle East North Africa] … EXIT QUESTION: “Despite their protestations

to the contrary, do the thugs & dictators with oil in the ground really  mind higher

oil prices as a result”? [Hint: NO!!]

Well, that was quick … $51 handle to $54 handle within a day … nice work if you

can get it … and quite frankly, only shorts mind … everybody else, and it’s

“thanks for the boost”, I don’t care how you came about it.

Like stocks, oil also has its eyes firmly planted on D.C., where any news of

positive trade news will support oil as well … unless somebody upsets the apple

cart, oil appears to be supported down here in the low 50’s … however, any break

of first $51, then $50, and all hell will break loose on the downside … not seeing it

at the moment, but check back in 5 minutes and everything could change. Now

that we got a “China trade deal Lite”, oil is in a bigger quandary than before

… who ya gonna believe, the dictators and thugs cutting production, or the

ChiComs living up and honoring any trade deal for longer than 5 minutes?

… Some choice, huh?

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

Have a great day everybody!

-vegas

IT’S THE SAME OLD STORY IN OIL

“I’m not sayin’ it’s aliens, but it’s ALIENS!”

How do you get a $2 range in oil when there’s nothing going on in the oil biz to

change anything? … EASY PEEZEE, follow the stock market on its roller coaster

ride off of the “China trade deal” and Trump tweets … and you thought this was

hard … silly rabbit, tricks are for kids! … aaaaaaaaaand, nothing new under the

sun.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas