SUNDAY UPDATE: IT’S THE AGE OF CRYPTO!

“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

SAY GOODBYE TO CRUDE OIL CFD’S

“Crude Oil as a trading CFD instrument is dead!”

We’ve gotten to the point where it’s simply time to say “buh bye” to crude oil

trading via CFD’s … with the collapse of the May 2020 futures contract into

negative territory, brokerage houses are not offering crude oil CFD’s on anything

remotely close to the front month … instead, you’re now trading some kind of

hybrid “back month” oil, which does NOT come even close to trading like the

spot month … welcome to “future expectations”, where the ranges and the trade

are lower, sometimes much lower, so while the front month futures move, your

oil CFD sits there and doesn’t do shit … and with sky high spreads from hell,

commissions thrown in for good measure, AND possible slippage, why the fuck

woulld anybody ever trade an oil CFD going forward? … so effective immediately,

I’m not gonna be commenting on something we can’t trade, cuz what’s the point?

Hello crypto!! … another burner day in BTC, with about a $900 range, starting

with a rip roaring rally in Asia last night that saw price hit about $9400 … since

then, following stocks, it’s been all downhill … Ripple [XRPUSD] for its part,

topping $0.23500 cents last night before following lower as well … so, a lot more

commentary and analysis on crypto going forward after today.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: BE PREPARED

“It’s nice to be prepared!”

Be prepared for crude oil CFD’s not surviving the Summer … if June and/or July

futures contracts go “bigly & yuge” negative near expiration again this time, I

would expect a whole host of offshore brokerage houses to just walk away from

the crude oil CFD, and say “adios” … quite frankly, many are getting ready now.

So, don’t say I didn’t warn you or have it come as any big surprise, cuz it’s a real

possibility.

With mainstream adoption of crypto around the globe and growing bigger every

day, I’m somewhat puzzled there isn’t a push for better crypto trading conditions

by the bigger players … the industry needs better spreads and right along with

that it also needs a much better commission structure … right now with many

pairs, it’s too “Hoover Dam” expensive to trade effectively … over at PRIMEXBT,

BTC [Bitcoin] is still the pair to trade and they have the best conditions, but still

it costs about $8 for a round turn trade in the price differential to be profitable

… that, IMHO is still way too high, and it needs to be lower … eventually it will be,

but in the long run we’re all dead, so it’s helpful to live & trade in the here & now

… granted, as long as BTC has $400+ ranges every day, and it moves relatively

smoothly over the world’s time zones, and 50%+ of the day’s range doesn’t come

in like 20 seconds, BTC can be a very good trading instrument for profits via the

trading algorithm … and if you haven’t studied or watched BTC, get with the

program and start … be prepared, cuz if oil, indices, & FX die [a real possibility

going forward], you’re gonna need a “Plan B” … just sayin’!

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

the current week, followed by specific 20 Day Range MA charts.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

BCHUSD & DASHUSD

As you can clearly see, a slowing down across the board, and with the May 2020

“halving” of BTC coming up in about 3 weeks, I would expect the entire space to

be quiet … but hey, they’ve never listened to me before, so why expect them to

now?

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Some extremely wild swings around expiration of the front month futures

contract has caused the OIL CFD to have some unreal range days, and it throws

the MA for a loop … a very large difference between the average & the mean, and

this is the reason.

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

Have a great rest of your weekend everybody!

-vegas

THE FED PROPS UP OIL

“Crude oil trading would be a good start!”

I don’t care what anybody says, today sees the FED’s fingerprints all over that

early morning rally that took it to its high for the day to coincide with stocks

exploding … they did it in February 2106, when that seemed like a disaster in the

making with oil going into the mid 20’s … that was just a dry run for the current

disaster … so why not? … is it not cheaper to prop stocks via oil buying than to

pump shares of AMZN?

Make no mistake, this current state of disaster is the direct result of Saudi Arabia

attempting to exert control over world oil, and quite frankly they have the means

to be able to do it … wipe out all competition for oil is right out of the John D.

Rockefeller playbook from Standard Oil of New Jersey back over 100+ years ago …

and with American shale producers a big pain in the ass, it won’t take many more

weeks / months to wipe most of those off the map … despite the FED buying

today, crude is in real trouble, and next up is the June expiration which has the

makings of a real bloodbath on the downside … it would surely be nice to have

an oil CFD that wasn’t hosted by scam artist LP’s, like the ones at both Turnkey &

PRIMEXBT, where how many hours did it take for them to abandon the 2 cent

spread? … what a fucking joke.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas