THE OIL NIGHTMARE AIN’T OVER

“Don’t even think about getting long crude oil!”

The world’s most corrupt exchange has raised margins on oil futures … now

$10,000 per 1 lot … that’s interesting cuz the entire value of the contract is less

than $18,000 per 1 lot … ask yourself who exactly pushed for this and why?

… you won’t like the answers … oil still in big heap Wampum trouble as we move

to the June expiration in a few weeks, with some energy trading firms calling for

-$100 oil at some point in the cycle of expiration … there simply is no place to

store delivered oil … literally fucking ZERO! … so, if you’re short oil as a

producer, there’s no positive price you’re gonna be willing to take to offload real

oil … and this is a very big problem for the FED, cuz the QE CNTRL-P machine

ain’t worth shit in oil!

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

Have a great day everybody!

-vegas

CRYPTO MAINTAINS ITS POISE

“A round of applause for Bitcoin [BTC], if you don’t mind!”

Remarkable that BTC has remained well bid during the latest coronavirus

pandemic … the smartest guys in the room had assured everybody a few weeks

ago, that BTC was headed a lot lower, with some suggesting outrageous levels on

the downside … here in a few months [May to be exact], BTC goes through another

“halving”, meaning the amount of BTC “miners” get to verify the block chain of

transactions gets cut in half … all other times have seen price explode after a

“halving”, so it’ll be interesting to see what the later part of 2020 looks like.

No doubt, though, given the profligate nature of central banks & governments to

print “QE funny money” and inflate fiat currency, more & more people around the

world turn to crypto to “save themselves” from government … and quite frankly,

over the next 10 years, crypto will explode like you’ve never dreamed of, and while

I used to think John McAfee was nuts for predicting BTC at $1 million dollars per

coin, the more I study the dynamics of the crypto space, the more institutions

adopt BTC as an asset, the more I’ve come to believe he may in fact be right

… and while it’s not gonna happen tomorrow, there’s no question the U.S. Dollar

is on its last legs as a reserve currency … that job will move to crypto as sure as

I’m sittin’ here.

Today sees a somewhat slow range day in BTC … not much going on, but I

would note it’s doing well staying above $9K, and is well bid … until tomorrow

mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

BTC WAKES UP

“You ain’t seen nothin’ yet!”

A nice approximate $740 range today in BTC … could use another 100+ days like

this to keep the IVIX fire going … when you consider the FED today pumped

almost $100 billion of “QE funny money” into the banking system, 10 years+ from

now where do you think BTC will be valued at? … [a helluva lot higher than today,

given 2 important facts; 1) the FEDS hate it, and 2) there only about 17,000,000

BTC in circulation, and there ain’t no more … take into account all the HODLing

going on, and the float is far less!]

Oil is basically dead in the upper 50’s, and it looks to me like it’s got nowhere to go

… if it rallies over 60, there are producer sellers lined up to sell, and if it drops

much, the geopolitical situation kicks in and people get scared … so it basically

sits and simply chops … add to that a somewhat high cost to trade, and there is

better opportunity elsewhere right now than oil.

… 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