SUNDAY UPDATE: PICK YOUR BTC POISON

“It’s the 21rst century anonymous Swiss bank account at your service!”

Any way you want to slice the loaf is fine with me, but you need to know your

options & figure out what’s best for you … cuz no matter who the LP’s are, or

what system you’re ultimately trading Bitcoin on, there are costs … pick your

poison, higher bid/offer spread, or higher trading commissions? … and that

brings me today to a head by head comparison between COINEXX & BaseFEX.

COINEXX is closed on the weeknd, while BaseFex is open 24/7/365 … margin for

trading is 5X at COINEXX, but that can be boosted by accepting “margin bonus”

on deposit, and have leverage raised to 10X … margin at BaseFEX is 100X

… COINEXX uses the MT5 for BTC, while BaseFEX is an “order book” platform

with depth of market showing … COINEXX trades in BTC, with minimum order

size of 0.01 lots, about $91 at current price of $9100 per BTC, while BaseFEX

trades in dollar volumes you enter into the order book, starting at $1 an going up

from there … round turn [RT] commissions at COINEXX for BTC are priced like

FX, which are 0.002% notional per RT, so with BTC at $9100, the commission to

trade 1 BTC is 18 cents! … commissions at BaseFEX are based on the “maker”

[limit orders], “taker” [market orders] concept, and by signing up through my

affiliate link, you automatically get a 10% discount on commissions, so maker

commission is 0.018%, and taker is 0.054% … with BTC at 9100, that comes out

to approximately $1.64 for maker, and approximately $4.91 for taker … bid/offer

spreads are constantly changing with both platforms … when SHTF and BTC is

either going up or down “bigly & yuge”, spreads everywhere will definitely blow

out some … how much simply depends on the level of panic and the dollar

moves accompanying it … on the whole, though, BaseFEX will have a

consistently smaller spread than COINEXX by a couple of dollars … not always

but usually … COINEXX uses “liquidity providers” [LP’s] to make the bid/offer,

whereas BaseFEX uses the “order book” and your order can go anywhere in the

system that you want it … in other words, you are part of the overall market

… BaseFEX has NO KYC to open an account, and deposit / withdrawal is via

BTC, whereas COINEXX has light KYC [Gov’t ID & proof of address] … COINEXX

has trading in all markets, whereas BaseFEX is BTCUSD ONLY.

So, which is best? … well, depends on your priorities and what YOU value most

… as far as ONLY BTC is concerned, over time they’ll be close … IMHO, the big

problem at COINEXX is the very rapid change in bid/offer that can screw you

blind if you’re not careful … e.g., BTC is offered at 9101.00 and you click the buy

market button and get filled at 9112 on a complete mystery up tick, or go to sell

but it’s the other way … at BaseFEX, you can miss moves by getting too cute

with limit orders, trying to shave a few cents off your execution price, and end

up “penny wise, but pound foolish” … so, it’s all about “OPTIONS” for you, and

giving you choices so you can pick what’s best for you … I’m not trying to put

round pegs into square holes, simply give you the best that’s out there for

intelligent decision making … quite frankly, they both are very acceptable.

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

the current week, followed by 20 Day Range MA charts for selected pairs.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

DASHUSD & BCCUSD

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Onto the Holiday shortened week … until tomorrow mi amigos

… Onward & Upward!!

Have a great rest of your Holiday weekend everybody!

-vegas

IF MONEY IS YOUR GOAL, BTC TRADING IS ALL YOU NEED!

“You’re “Hoover Dam” right babe!”

If your goal in trading is to make money, then what the hell are you trading

anything other than BTC for? … 100X leverage, NO KYC, market open 24/7/365

& never closes, and it movies in all 3 major trading sessions … today so far,

about a $670 range … use my “BaseFEX Logo” affiliate link in the upper right

hand column and sign up … first check out the demo and get used to the order

book format, and then when you’re ready to go live, enjoy an extra 10% discount

on already LOW FEES of 0.02% “maker” [limit orders] or 0.06% “taker” [market

orders] … this puts more money back into your pocket where it belongs

… remember, at “BaseFEX, YOU ARE THE MARKET”!

Today’s BTCUSD trading action since about 11 AM EST at little choppy, which

drives home the point of low bid/offer spreads and LOW FEES … conditions a

little thin today in New York trading, and the bid/offer a little wider than normal

on the order book, running around the $5 level plus/minus some change … still,

that’s better than COINEXX and their LP’s where mystery bids & offers are a

mainstay and you have to be really careful about market orders.

Directly below, a long trade I made today where I want to show you a “double”

buy signal before entry.

click on chart to enlarge

Also, note there are 2 potential liquidation points, depending on your

aggressiveness as a trader … super aggressive takes the first “? plum check”,

and a more conservative trader waits for the second “plum check” … both are

“right & legit” as far as the trading algorithm is concerned … only in hindsight

does anybody know with 100% certainty which was better, and it’s a  luxury

nobody has or ever will have.

One note on the screenshot above … it’s easier for me to take images off the

MT5 than the platform at ‘BaseFEX”, and although price may be off slightly, both

are bid high & low for the M1, so the chart will look the same and act via the

trading algorithm the same … however, in the e-book “Trade For A Living!”, the

BTC charts will come off “BaseFEX” … there’s a reason for this as I explain in

the e-book.

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

Have a great weekend everybody!

-vegas

CRYPTO IS RESHAPING THE WORLD

“Butch says, “who needs school when there’s BTC”? … he’s not wrong!”

Wilbur Theodore Winthorp III [a/k/a “Butch”], used to trade indices, FX, and crude

oil, and currently serves as chief head of “-vegas security” … not satisfied at being

kept in 5th grade the last couple of years, and noticing his income has dwindled

that the girls aren’t as interested in him as before, has made the switch to Bitcoin

[BTCUSD] trading, and he couldn’t be happier … and since he has the perfect

blend of technology & algorithm software, it’s only a matter of time before the

babes return to the fold … just look at that happy face, every time he sees me!

Quite frankly, the financial trading industry is moving so fast, it’s difficult to keep

up with the changes … and as crypto, specifically BTC, becomes more & more

mainstream, block chain allows for trading not dreamed possible just a few years

ago … as always governments, especially dinosaur control freak outfits like the

U.S., are always the last to figure anything out … however, there are “constants”

that remain fixed and traders everywhere should strive to maintain … 1) NO KYC,

or very little KYC, where you send in a copy of ID & maybe proof of residence,

and that’s it … Coinexx is pretty easy when it comes to KYC, and there are no

country restrictions [except maybe North Korea & Yemen] that I’m aware of

currently … however, whenever possible, go with the NO KYC folks and use an

email service like Proton email [free], based in Switzerland, for account

registration, and a VPN like Torguard … this removes any link about you

whatsoever and keeps you private, secure, & anonymous.

For a lot of traders, who aren’t just trading BTC, but also trade FX, stock indices,

or other markets like crude oil, the MT5 platform at COINEXX IS AN EXCELLENT

CHOICE … for individual stock CFD’s, like AMZN [Amazon], and some European

stock indices, CRYPTO ROCKET is the place to trade … COINEXX uses the

servers at Turnkey IT, a different arm of the Turnkey Forex brand, for traditional

markets, and uses others for crypto … overall it’s the best to get the “mostest”

from all markets except individual stock CFD’s … even though I don’t think most

people will mind the KYC at COINEXX, it’s still a pain in the ass, and for some it

might be a deal killer … dunno … there’s also the inconvenience in BTC trading

[or ETH] of 1) no weekend trading, and as you are aware this last current

weekend was slightly “chaotic” to say the least, going down 20% at worst on

Saturday, and 2) leverage on trades of only 5X, or 10X if you choose to take the

margin bonus … even with the bonus, some traders will find this a negative,

simply cuz it’s not high enough.

Right now, I’m in discussions with a crypto broker that’s for BTC traders ONLY,

who have no desire to trade anything else but BTC, and who want 1) 100X

leverage, 2) NO KYC OF ANY KIND, 3) balance in account held in either BTC or

USDT, 4) a very active order book with razor tight bid/offer spreads, and a

“maker / taker” fee schedule that sees the LOWEST FEES going anywhere to

trade … it’s simple really, “makers” add liquidity to the market [order book] and

are rewarded low fees, and “takers” remove liquidity from the order book and

pay a higher fee, and 5) no limit to the amount of BTC that can be withdrawn at

one time.

So, if you’re a heavy solo BTC trader OR WANNA BE!, and aren’t interested in

anything else but BTC, or simply don’t want to pay more than you should to

trade, you’re gonna LOVE THIS PLACE! … I have a few more details to iron out

with them, and I’ll keep you posted … if you’ve always dreamed of trading BTC

like EURUSD, then stay tuned!

Well, if you like trading action, you’ll love a day like today in BTCUSD

… something for everybody, and both long & short signals today in droves

… here late in the New York afternoon, a couple of  trades directly below that

were pure algo signal buys … when you have the updated e-book in hand you’ll

see they fit perfectly.

click on chart to enlarge

There were plenty of others to be sure, and I’ll start highlighting some sell signals

as well … there are very specific parameters for selling & buying, and unless they

are all there, no trade is made … these 2 trades above are nothing unusual in the

world’s finest & free of government interference, tradeable market there is going

… quite frankly, BTC leaves every other market in the frickin’ dust when it comes

to access [24/7/365], leverage [100X], anonymity & privacy, ease of deposit &

withdrawal, and most importantly trading action … and if you’re not trading it via

my e-book algorithm, your throwing money out the window hand over fist

… much more crypto tomorrow! … and if you like crypto trading, especially

BTC, please follow me and sign up on the web page … thanks!

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas