DEAD CAT BOUNCE OR RECOVERY?

“Butch says turn the machines back on!”

It’s tough to determine whether this tepid range and trading action today in BTC is

simply a “dead cat bounce”, or if another recovery has started to vault 10K, cuz

we’re right up against a 3 day Memorial Day Weekend … granted, that doesn’t

mean much in BTC cuz it’s always open 24/7/365, but action today has been slow

to say the least.

No trades today cuz I don’t really want to trade this stuff unless it’s moving, and

up/down $20 or so I can get in the DOW30 CFD even when it’s dead … so nothing

new today in the crypto space … Blog update on Sunday.

Outta here … until Sunday mi amigos … Onward & Upward!!

Have a great Holiday 3 day weekend everybody!

-vegas

RISK OFF … SPEC STOPS GET TAKEN OUT IN BTC

“And those who bought at 10K, get the chance to sell at 9K!”

Before the NYSE opened, BTC was trading quite well, with a couple of good

algorithm buy trade signals … then came the message from “Stock Bellies”

going down, and Trump letting the ChiComs know “what’s what”, and suddenly

it’s “sell, Mortimer, sell”! … but hey, at least it trades, which is more than I can

say for traditional markets which stink.

Outside of early Europe trading action, I left BTC alone … instead, I focused on

what has to be one of the worst non-Holiday trading days ever seen in Cable

[GBPUSD] … what s serious bag of slop that turned out to be, with the daily

candlestick looking like an ink smudge … oh well.

Outta here … until tomorrow mi amigos … Onward & Upward!

Have a great day everybody!

-vegas

BTC IS THE VACCINE AGAINST GOVERNMENT

“Dear Elmer: Try the crypto space for some good hunting!”

Third day in a row [so far] BTC is locked into a very tight range, with 2 doji’s

preceding today on the daily candlestick … markets basically quiet everywhere,

and so far today after 15+ hours, BTC with a measly $214 range … and when you

start to get conditions like this, algorithm parameters start collapsing in on

themselves, and you have to be very, very careful about minor price fluctuations

causing “false positives” … every market needs a certain level of IVIX, and right

now BTC is scraping the bottom of the barrel, and what that means for your

trading is to lower your trade expectations until the market changes and things

get more volatile.

A couple of brutal “Thelma & Louise” downdrafts in the NYSE session, that

specifically saw 2 M1”s get monkey hammered lower, no doubt on sell stops

below the last couple of day’s lows … however, both led to algorithm scalps from

the long side right afterwards, and once again patience & discipline in waiting for

BTC to “do its thing” will reward you with profit.

This afternoon at @ 2 PM EST sees the FED minutes released … not sure if this

will have an impact on BTC, but it’s there nevertheless and you need to be

situationally aware of what’s going on in the broader scheme of things … and

now that the sell stops have been wiped off the order books, the market literally

dies in its tracks … this is what’s known as the “loser formation”, cuz if you got

caught the wrong way, good luck making anything back when there’s no range to

trading for minutes on end … it’s been in about a $20 range for the last hour, and

that M1 stop hunt had a range of approximately $236 … and everybody who got

caught is now sitting there and saying, “well that was fucking cute, now what?

… how do I make any of this back”? … HINT: you don’t! … but if you had the

algorithm, you wouldn’t be in the mess you find yourself in, cuz there’s no way

you would have been long into either M1 break!

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

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

TRADING IS NOT A RACE

“Now that’s a good plan!”

I wake this morning to a mountain of emails about BTCUSD trading … for all of

you out there, take a deep breathe and relax … this is a “process”, not a race

… first get a demo/live account with COINEXX & BaseFEX, the former for

charting, the later for live trading [or demo also] … then I send you the e-book

PDF … read, study, think, and wrap your head around the proper way to trade

via the algorithm … get comfortable with the demo, OR trade live very small

amounts that gain or lose only a few bucks at most … every person will be

different in terms of “learning curve”, with some picking concepts up very

quickly and others taking a little longer … again, this isn’t a race … initially, your

goal should be to learn & then master the algorithm … then & only then step up

and trade bigger volumes.

Pretty much all the action today in BTC, came right at the European open, where

somebody dumped some BTC quickly to start the day … since then a pile of dog

poo action wise, with only about a $200 range after 7+ hours going into the New

York afternoon.

Best opportunity today, so far, came right at 18:31 server time, the chart below.

click on chart to enlarge

Let me remind all of you wannabe millionaires out there watching & following BTC

[or any other market for that matter] … patience & discipline are the “keys” to

making a fortune trading … some days it comes fast, heavy, & hard, while other

days you drown in your own drool sitting there watching paint dry … so what?

… would you rather work for a living? … and this is what makes trading hard, cuz

you have to forego the temptation to go with your guts and stick to what’s proven

statistically … you do that, and you’re the casino in Las Vegas … and if you don’t

or can’t, you’re the guy standing at the craps table getting killed … who do you

wanna be Skippy?

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: YOU’VE NEVER BEEN THIS CLOSE!

“A market that is always ready for you 24/7/365!”

As I stated over on the traderzoogold.blogspot.com site, the updated Version 2.0

PDF “Trade For A Living! … Yes You Can!” is now finished and available to you

… all you gotta do to get a copy for FREE is sign up at any of the affiliates links I

have, open a demo and/or live account, and then email me and let me know you

did it, and I’ll send you the algorithm … OR, wait and do nothing and some day

pay me in hard BTC … makes me no diff, it’s up to you, but you’ve never been

this close to making a SHIPLOAD of money!

The new algorithm was specifically designed and created by me for BTCUSD

short term trading … shiploads of hours on the Ph.D. level math software, and

letting it do the thousands of man hours I could never do … and since this site is

now BTC dedicated, if you’re serious about saving money trading Bitcoin, I

recommend wholeheartedly signing up at “BaseFEX” [ basefex.com ], where

you’re part of the market, not sitting waiting for a scumbag hedge fund LP to

make a market and hope you don’t get raped on the fill … it’s an “order book”

platform. 

Even when SHTF in BTC, they will always be better, sometimes ever so slight

and sometimes “bigly & yuge” in terms of trading conditions, better than either

COINEXX OR PRIMEXBT, and that means more money is in your pocket … as

well, those that sign up for an account through my affiliate link “BaseFEX Logo”

up in the right hand column, receive an additional 10% off all fees trading … that

means 0.02% “maker” fees [limit orders] become 0.018%, and 0.06% “taker”

fees [market orders] become 0.054% … again, money in your pocket!

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

the current week, followed by the 20 Day Range MA charts for each pair I follow.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

DASHUSD & BCCUSD

STOCKS CFD’S

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

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

Have a great rest of your weekend everybody!

-vegas