A PEEK UNDER THE BTC TRADING HOOD

“Something to think about when trading BTCUSD!”

When you trade BTCUSD either at COINEXX OR PRIMEXBT, you’re trading

through a liquidity provider [LP], who more than likely is not a bank but a very

large hedge fund like Citadel, Virtu, and/or BlackRock … and trust me, these

assclowns are every bit as bad as the fucking banks when it comes to stealing

money via slippage … there is no market per se, only the hedge fund’s bid/offer,

take it or leave it … putting an order between the bid/offer makes no difference,

cuz in order to sell you have to sell their bid, and in order to buy you have to buy

their offer … and, what’s even worse, your limit orders are not honored by them if

the market runs through your price … nope … you get the next available bid/offer,

which means your limit orders are “MIT” [market if touched] … of course this is

bullshit, but that’s the reality.

BaseFEX is an “order book” concept, meaning you’re part of the market, and

your orders can be placed anywhere … now, you might only get partially filled on

your limit order, but it isn’t gonna get raped by some hedge either … and make no

mistake about this, these so called “LP’s” in Bitcoin are anything but … you ONLY

get filled when they have a guaranteed profit first by arbing your order and then

giving you the other side … and often times, that other side is pure shit. So at

BaseFEX, while you not only get a tighter spread & lower fees, most importantly

you get a market right in front of you so you can see where all the orders are at.

The day’s range in BTCUSD coming in around $450, so while respectable, U.S.

action starting out with a nose dive after most of the European session saw price

higher … and after the “Thelma & Louise”, not much but chop to show for things.

One trade early on an algorithm buy signal, directly below.

click on any chart to enlarge

This was right near the European open, right near the time I came in for the day

… another trade around the NYSE open, while not perfect in its setup, still hit the

requisite parameters and offered up a nice trade … other than that, pretty choppy

to the New York afternoon.

Just got out of an algorithm trade before I went to post … directly below.

Not much here today, so you can’t be looking for $100+ moves when it isn’t there

… just follow the algo is all anyone has to do … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

SUNDAY UPDATE: OIL VIX TAKES A HIT

“Aaaaaaaaand oil was his name!”

Directly below, the 20 Day Range MA for WTI Crude Oil for the upcoming week.

click on any chart to enlarge

And Yup, we’re scraping the yearly low in crude oil VIX, and quite frankly I don’t

see it getting better for at least a few weeks from now, if then … I don’t see world

oil demand picking up that much, and with proposed production cuts in the works

by OPEC+, who wants to be the first one to trust these assclowns? … and so the

market sits and does very little as it tries to inch higher ... gonna be a big struggle

to maintain price above $60 - $61 IMHO … simply too many good trades and

markets elsewhere to trade that make a helluva lot more sense than oil right now.

Directly below, the Dollar crypto pairs.

BTC holding steady above $300+ for range, but underneath the figures for the

others, there have been some massive breakdowns going into year end … no

doubt, BTC is the “gold standard” for crypto, and as we head into 2020 and the

“halving” that comes in May, I Iook for price to be steady to higher throughout

the year … however it should be noted, that if you trade BTC the “net cost to

trade” it is very high … even smaller accounts and volumes will pay 0.12% of the

value of the notional you’re trading … that means you need to see BTC move in

your profit direction by at least $7.5 per 1 BTC before you make any money

… looking at the 20 Day Range MA for the upcoming week at $338.0, that cost is

2.2% of the average range … by contrast, note that trading Cable [GBPUSD] at

the same notional level as 1 BTC, costs about 6.3 cents per 1,000 notional … if I

traded 7,000 GBPUSD, the cost would be $0.45 … 7,000 GBPUSD = approximately

$9,100 … GBPUSD 20 Day Range MA for the upcoming week = 107.1 PIPS … the

cost to trade GBPUSD = 0.45 / 107.1 = 0.0042 = 0.42% … IT COSTS 500% MORE

TO TRADE BTC THAN IT DOES CABLE … something to think about before

trading … for me personally, I need to see BTC get above a $400 20 Day Range

MA before I will look at it.

Directly below the BTC crosses.

Anybody but me see a pattern in the BTC crosses? … right, they’re all moving

lower, which means leave them alone! … bid/offer spreads + round turn [RT]

commission levels most definitely need to be looked at before you trade any of

these crosses [see traderzoogold for the “VIX MATRIX” Table] … right now, every

single one of them looks extremely expensive to trade, and added to that fact

they show no ability to extend higher any average over weeks and months

… until that changes, why trade this sector?

Onto the week, we’ll see if there are any surprises … I doubt it … until tomorrow

mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

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 TAKES A BREATHER

“Again, after today’s oil action, Butch sums things up perfectly!”

What is it exactly there is to say about oil today with a $1 range? [Ok, $1.30 now

since they decided to take some sell stops out, here late in the day] … well, uggh!

is a good start, but there isn’t anything new here to write or talk about … except

of course, the lame ass bid/offer spread at Turnkey, where their idea of an oil

CFD spread would make Vito Corleone blush … what a wasted opportunity these

assclowns are missing, all due to pure greed.

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

Have a great weekend everybody!

-vegas

OIL LOOKS TERRIBLE … TIME FOR A RALLY?

“Can the daily candlestick chart look any worse in oil!?”

Well, here we are in the 7th down day in a row in oil, and every single day of this,

the trade has tried to rally it first … DEAR SUCKERS: “early rallies will get sold,

and you’ll be forced out later … what you need to see is a decent break early, that

gets extended early in New York and then turns around … that’s the buy signal”.

And that’s when Vlad & the boys will be covering as well, but so far there’s

nothing to indicate that’s on the horizon, as the OPEC+ members continue to

pump more and more oil … pay attention to what they do, and ignore what they

say, cuz they’re all crooks and thieves looking to scam retail oil specs … getting

played by these assclowns is a never ending story by the vast trading oil public

… don’t be one of ‘em!

With China trade deal talks going nowhere, world economies slowing down no

matter what the chattering elites have to say, and production increasing, good

luck with anything but very short term long positions … cuz when the short

covering is over, it’s look out below. 

Blog post update on Sunday … Onto next week mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

MY FRUSTRATION WITH NADEX MOUNTS

 

“Words can’t even!”

I don’t even know where you start with the assclowns at NADEX … the only 

market worth a “Hoover Dam” is WTI Crude Oil, but even here problems are 

becoming a real pain in the ass … consider, 1) the call spreads are $5 apart, 

and one is $10 apart … great for margins, huh?, 2) last night the con artists 

wanted 5 cents a barrel in the bid/offer spread … add in 1 cent for RT 

commissions, and you’re paying 12 cents for a position … “no, I’m not paying 

these scumbags 12 cents vig for a position”, 3) last night oil opens about 

40 cents away from the floor/ceiling, making the call spreads expensive as hell, 

and 4) this morning’s “new” call spreads aren’t any better.

So, because of this, there’s no way I’m getting into a position, and so when oil 

moves overnight, like it did last night, we’re sitting on the sidelines cuz these 

doofus noodles can’t get their act together and make an honest market in 

anything … hell, they’re worse than Turnkey … at least Turnkey doesn’t want 

12 cents to take a position [I shouldn’t give them ideas].

In other so called action, FX has become a no win coin flip, and the stock 
indices can’t price themselves fairly no matter what … some choice we have 
here isn’t it? We’ll see what it looks like tonight at the open for oil and see if 
the stupidity continues unabated … we may be in these conditions until Asia 
reopens on May 7 from “Golden Week”, but we’ll see.
 

Onto tomorrow mi amigos … I can’t take another minute of this crap without 

hitting something … Onward & Upward!!

Have a great day everybody!

-vegas
 

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?