CRYPTO GOES SILENT

“At least today they don’t!”

Both ETH & BTC seeing very light ranges today, well below their respective 20

Day Range MA … nothing else is moving, so why should crypto be any

different? … still, BTC with over $200, and ETH with over $7, there’s still plenty

of room in here for profit!

The key of course, is YOUR COST TO TRADE! … spending on conditions in the

market, if they’re “normal” COINEXX wins hands down in both BTC & ETH … if

SHTF, BaseFEX is the place to be on their “order book” … as I write, bid/offer

spread in each is as follows … BTC $0.50 - $1.50, and ETH $0.14 - $0.20 … RT

commissions are TOTALLY MEANINGLESS cuz COINEXX treats crypto like

other house treat FX … which means “bigly & yuge” savings for you at 0.001%

per side … that’s whatever the price is X 0.00002 for the total commission … and

currently that is about ½ penny for 1 ETH, and about 18 cents for 1 BTC … there

isn't anyplace you can find that is better than that … I’ve looked, and continue to

look, and there isn’t any place even close to this rate!

Granted, COINEXX margin rates for trading are high by industry standards, but

with “deposit margin bonus”, that can be raised to 10X … and for most people

that should be plenty … and yes, they’re closed on weekends, but so what?

… you trading Saturday nights? … quite frankly, while every other account out

there is trying on days like this to get their trade out of the spread, and/or the

commission rate, COINEXX clients are booking profit! … if you're not trading

crypto here, you’re throwing money out the window.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: DON’T OVERPAY TO TRADE

“I overpaid to make a trade, then told my BFF about it!”

Don’t overpay to trade! … it’s like throwing cash out the window of a moving car

… if you want to give money away, you got my BTC wallet address … under

“normal” trading conditions, COINEXX is going to have the very best trading

conditions for BTC … spreads UNDER $3 many times UNDER $1, with

commissions pennies that make no difference … however, throw in SHTF and

BTC goes up/down multiple hundreds of dollars to as many as one thousand

dollars in 1 - 3+ minutes, and that spread can go to $50 - $100 … doesn’t matter

if you’re a winner or loser, that kind of spread brings plenty of pain.

BaseFEX is always going to be somewhere between $5 - $10 most of the time,

regardless if SHTF or not … the obvious solution is to have accounts at both for

BTC trading … as well, PRIMEXBT is there at about $12 - $15 pretty much all the

time except under extraordinary circumstances where the moves are in the

thousands, and then they will mirror COINEXX … point is, though, have

accounts where you can always get trades off regardless the circumstances of

price movement.

Directly below, this week’s “FX & CRYPTO VIX MATRIX TABLE”, followed by the

20 Day Range MA’s for BTC & ETH.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

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

Have a great rest of your weekend everybody!

-vegas

BITCOIN GETS “MONKEY HAMMERED”!

“Everything looks good out the front window … what can go wrong!?”

I guess today’s BTC trading has made up for yesterday’s lackluster session, and it

didn’t take long for SHTF once 10K got violated on the downside [less than a

minute] … and from there, round up the usual retail spec suspects with sell stops

to provide every bit of downside action of about $800 worth … of course, which

should be obvious by now but isn’t, don;t place your stops with everybody else

out there trading, cuz if you do when they get whacked, you get whacked right

along with ‘em.

What’s notable about today, is that when SHTF the bid/offer at COINEXX went

absolutely basket of retarded kittens on meth … the bid/offer spread balloons out

to $40 - $80+, and makes it untradeable … meanwhile at BaseFEX, the spread

hung in the $7 range, plus or minus a few cents … and it’s why I said before,

while COINEXX is great when conditions are normal, they aren’t so good when

SHTF, and it;s why you need some BTC at both places, so you’re not locked out

of the action when things get a little steamy.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

I TRIED TO WARN OIL SHORTS

“We’ll just put your money in a leveraged short crude oil ETF … and it’s gone!”

Like I said, leave oil alone … at the height of the oil rumor today, Turnkey’s crude

oil LP’s had the bid/offer spread for WTI at 49 cents per barrel … CRYPTO

ROCKET moved from 3 cents to 4 cents … once again, honest market makers at

work … what a fucking joke.

BTC moves over $7,000 today on the oil rumor … the Mrs. sticking to her $6100

stop yesterday, while I covered at around $6280-ish, from our buys when SHTF

and BTC moved down into the high $3’s … she rang the register today at  $7250,

only a couple of bucks off the high of the day, and now I get to listen to this in

my ear for a while … “that’s almost $1,000 bucks more per coin than I got

… asked for a loan, and she wants to know what collateral I have … can’t live

with ‘em, can’t live without ‘em”! … of course, still got the HODL BTC, which

never gets sold but only added to from profitable crypto trades.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: NEW OPPORTUNITIES IN CRUDE OIL!

“Butch gets it … too bad brokerage houses don’t!”

First, let’s get the stats out of the way for the upcoming week … directly below

the 20 Day Range MA for WTI Crude Oil.

Click on ANY chart to enlarge

Directly below, the Dollar crypto pairs 20 Day Range MA’s for the upcoming

week.

Directly below, the BTC crosses 20 Day Range MA’s for the upcoming week.

I said the other day, that on today’s blog post I would compare the oil CFD’s of

PRIMEXBT & FX CHOICE, and compare the two … so let’s do this!

SIZE OF CFD

PRIMEXBT: 100 barrel increments only, up to max position limit of 7500 barrels.

FX CHOICE: 10 barrel increments, no MAX.

MARGINS OF OIL CFD

PRIMEXBT: 0 - 300 BARRELS 100X [1%], 300 - 1,000 BARRELS 50X [2%],

1,000 - 5,000 BARRELS 20X [5%], 5,000 - 7,500 BARRELS 10X [10%].

FX CHOICE: 33.3X [3%] ON ALL SIZE

ROLLOVER “VIG”

PRIMEXBT: approximately 1 cent per barrel, long or short per day.

FX CHOICE: NO VIG!

ROUND TURN COMMISSIONS

PRIMEXBT: 0.02% of the notional value per barrel. At current prices, WTI =

approximately 1.2 cents per barrel, and for BRENT = approximately 1.3 cents

per barrel.

FX CHOICE: NO COMMISSIONS

BID / OFFER SPREAD

PRIMEXBT: 1.2 - 2.3 CENTS PER BARREL.

FX CHOICE: 90%+ of the time 3 cents per barrel, 10% of the time 4 cents per

barrel.

EASE OF OPENING ACCOUNT TO TRADE

PRIMEXBT: NO KYC, USE BITCOIN

FX CHOICE: Government ID only, fund with Bitcoin

TRADING PLATFORMS

PRIMEXBT: PROPRIETARY PLATFORM

FX CHOICE: MT4

Up until the middle of last week, PRIMEXBT clearly had the better trading option

for their oil CFD’s … then mid week, for some unknown reason, their oil spreads

ballooned out by almost a penny per barrel, the WTI going from 1.2 cents per

barrel to 1.8 - 2.3 cents per barrel … and of course, much to my letting them have

it for greedy LP’s, PRIMEXBT responded in the usual way, which is “we don’t

have any control over spreads” … during that time, FX CHOICE spreads

remained stable at 3 cents.

The clear area where FX CHOICE has a better tradeable CFD is if you’re interested

in positioning oil … there is no vig with the FX CHOICE CFD, so it can be carried

through rollover with no charge … in addition, it sets up and allows those who

wish to position WTI versus Brent crude oil trades & positions without penalty

… granted, you’d have to “leg” into each side separately, and there would be

3 cents on each side to deal with, but the point is the trade would be definitely

viable to consider, especially when there’s no penalty of vig to consider … over

time, this spread has been quite volatile … directly below in successive order,

the 5 YR., 1 YR,. 6 MOS., & 1 Month chart in BRENT - WTI oil spread.

So, those looking to position oil, without the worry of what happens on some

spike cuz SHTF somewhere on the geopolitical map, this spread makes sense to

trade, and the only place that I know of where there’s no “vig” on rollover each

day, is at FX CHOICE … and there’s no commissions, so the cost to trade the

spread is 6 cents … leg into it properly, and you can carry the position profitably

at first, and then monitor the position … and unlike a lot of places [hello Turnkey

& Coinexx], there’s usually no extra spread for BRENT, so it’s 3 cents a side. 

Bottom line is this: trade this spread at the edges, based on historical data,

legging into the spread and taking it overnight and/or the weekend when in a

profitable position … like I said, the spread offers protection against spikes or

shocks to the oil market, and with no “vig” it’s attractive to position trade it. You

can’t do this at PRIMEXBT, cuz they’re gonna beat you to death with “VIG” every

day. So, it’s out there oil traders … take the time to get to know the spread!

FX CHOICE won’t allow me to do the PAMM / MAM and be an affiliate and collect

rebate commissions … so I made the choice to do the PAMM / MAM for the

DOW30 cuz they have the best conditions for trading that stock index … but what

if you open an FX CHOICE ACCOUNT TO TRADE OIL? … some days PRIMEXBT

has slightly better trading conditions , and as we’ve found out this last week,

sometimes they don’t … can you get the “Traders Course” [TC] for free by

opening an FX CHOICE ACCOUNT just to trade oil, and maybe the Brent / WTI

spread? … No … but if you open an FX CHOICE ACCOUNT & join the

PAMM / MAM, and fund it with at least $200, yes I’ll send you the TC for free

… Happy Holidays!

Over the upcoming Christmas & New Years Holiday, I’m going to be doing some

analytical work on the BRENT / WTI oil spread, and more than likely probably

position trade it come 2020 at some point … so positioning the Brent / WTI oil

spread will join the DOW30 in the PAMM / MAM come the new year.

Onto the new week, we’ll see what it brings to the table … until tomorrow mi

amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas