SUNDAY UPDATE: CRYPTO VIX GETS MONKEY HAMMERED

“End the FED! … HODL BTC & ETH!”

Outside of last Monday, WTF was that for the rest of the week? … daily charts

look like ink smudges 4 days running … and what I pointed out last week should

have you making the switch to trading Bitcoin [BTCUSD] & Ethereum [ETHUSD]

at COINEXX for “normal” trading days … when trading conditions aren’t bat shit

crazy, there is no better place to trade crypto … P.E.R.I.O.D. … for pretty much

all of last week, “total cost to trade” BTC was clearly under $1, many times under

$0.50, and for ETH most of the week was near $0.12 … NEWS FLASH: “you like

to save money, or give it away? … if you like to give it away, my BTC wallet

address is in the header, and you can send me your “stupid shit” money, and I

promise to make you proud with how I blow it”! … otherwise, if you’re trading

crypto, there’s no reason to NOT being at COINEXX … and if you haven’t even

begun to investigate crypto, then you have my sympathies … “traditional

markets need idiots … apply within”!

Directly below, the current week’s “VIX MATRIX TABLE”, followed by the 20 Day

Range MA’s for BTCUSD & ETHUSD.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

And if things remain quiet this week, as far as ranges go, look for some major

dropping next week, as large move days come off the 20 day range average

… let’s hope VIX & IVIX improves, but even if it doesn’t, both BTC & ETH are

moving about 5% of their notional value each day … that’s 3X - 5X bigger than

any other market out there, and they are the only true FREE MARKETS available

in the world today, trading 24/7/365, and FREE FROM GOVERNMENT

INTERFERENCE! … no FED influence here … no banker influence here as well

… so if you’re still in that camp of having ZERO crypto trading experience, or

want to start, simply use my affiliate link in the right hand column and sign up at

COINEXX … simply use an email address and get the demo [MT5, not MT4], and

have it running BTC & ETH within a minute or two … this can’t be any easier

… retarded kittens could do this within 1 minute … what’s your excuse?

There are some big changes in the works for the crypto side of the blog … first,

sometime within the next month, I’ll be switching to a NEW BLOG SITE

EXCLUSIVELY FOR CRYPTO ONLY!, so look for that … this present site just

isn’t attracting the traffic I want, more than likely cuz of the “crude” label in the

URL address [which I can’t change] … secondly, more BTC & ETH analysis &

charts, without the algorithm overlay I might add, simply cuz that “FREEBIE

TRAIN” has left the station … “you want to make “bigly & yuge” crypto trading

profits, pay up, simple as that”! .. and there are other things as well, which for

now I’ll keep to myself cuz I have my reasons .. so stay tuned!

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

Have a great rest of your weekend everybody!

-vegas

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: 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

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