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: IT’S “HALVING” WEEK FOR BTC

“Waking up to a weekend mini-massacre in BTC!”

“Sell, Mortimer, SELL!!” … looks like BTC opens tonight in Asia with about a

13% drop from Friday’s close … 10K to $8700 [so far, with the low around 8000

& change at the bottom in panic selling] is gonna say “OUCH”!, to a bunch of

leveraged LONG position holders … there’s the BTC you buy and HODL

[Hold ON For Dear Life] when panic sets in, like what we saw in March 2020, and

that you never sell … then there’s the BTC you trade, don’t take home overnight

when you’re away from the screen, AND NEVER DO “STUPID SHIT”, like walking

away from a BTC trade cuz it’s the weekend … quite frankly, TRADE the frickin’

thing, don’t date it! … and btw, the “halving” comes sometime on Wednesday,

so it should be an interesting week to say the least … buckle up Skippy!

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

the current week, followed by the charts of the relevant 20 Day Range MA’s.

click on ANY table or chart to enlarge

Please note, that table values for BTCUSD, ETHUSD, XRPUSD, LTCUSD, &

BCCUSD [fromerly was BCHUSD in prior tables], the figures are from COINEXX

… EOSUSD, ETHBTC, & DASHUSD remain at CRYPTO ROCKET [CR].

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

BCCUSD & DASHUSD

Last week saw a big runup in BTC relative to all other coins … we’ll see if that

continues this week, especially once markets get going in earnest when Asia

opens … there was news late Friday of a large spike in coronavirus cases in

South Korea, in what might be called “wave 2” … the selloff began in earnest

around 8 PM EST on Saturday night, so I’m not sure if it’s just sell stops in thin

conditions, or there’s bearish BTC news … we’ll see once things open up later.

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Even though I won’t be commenting on oil any longer, I’ll still do the statistical

work for those who either choose to trade some CFD or the oil futures, whether

emini or full contract.

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

Have a great rest of your 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