As gold & silver get the “Thelma & Louise” treatment from the usual suspects,
and mainstream MT4 markets sit in stale, murky, mud infested waters, Bitcoin
today blows through $19,000 like it’s not even there … amazing what
1) Communist sympathizers a/k/a “JoeMala”, 2) scarcity of BTC, and 3) wealth
fleeing the U.S.S.A., can do for the price of 1 BTC! … but not really, cuz the
scumbag banks who hate it, their analysts are calling for 6 digit pricing soon,
like within 1 year … well, the water is rising very fast as I feared it would cuz
Sheeple, at least the ones with any brains, don’t want their wealth confiscated
by the likes of crooked, thieving DEMS/ChiComs … pretty simple … you ain’t
seen nothin’ yet!
Meanwhile, over in manipulated & corrupt FX land, it’s the “same old, same old”,
meaning everybody gets long above 1.19 in EURUSD and then it’s WHOOSH to
the downside as the scumbag LP banks take it lower, and then everybody gets
short below 1.18 and then the scumbag LP banks perp walk the shit straight up
to get you long again, and WHOOSH here they come again! … anybody but me
see a pattern here that gets repeated ad nauseum by these assclowns?
No trades today in the TURNKEY PAMM / MAM … FX is simply an absolute
manipulated mess … how many days has EURUSD been “trapped within
1.18 - 1.19? … well, glad you asked! … 9 out of the last 11 days, and the daily
ranges just keep getting lower & lower .. add to the mix, the fact that the ECB
really doesn’t want the EURO above 1.20, as they made that clear this past
Summer … so, it is what it is, and all I can do is stand aside while the bullshit
takes over, and try to be there when it moves some.
Bitcoin on the other hand, especially over the last 3 weeks since the election, is
“bat shit crazy” … I’ve been trading a very long time, and I have never seen
anything move the way BTCUSD is moving now, as the viciousness of the
breaks / rallies is simply heart stopping … today on multiple occasions, we’ve
seen 200 - 400 point moves literally within 10 - 15 minutes, and it comes HARD
& STRAIGHT! … then it turns on a frickin’ dime and SCREAMS the other way for
hundreds of points, and it doesn’t matter if it’s up or down, it’s the same
viciousness … liquidity becoming somewhat of an issue, cuz as I said yesterday,
what good does being a “market maker” [LP] mean when you blink your eyes
and price is 50+ points away from your just completed trade and moving against
you further by the second by multiple dozens of points? … by my count today,
this has happened at least 6 times since I hit the screen around 4 AM EST.
If you haven’t watched BTC trade yet, then take a look, cuz it can be nightmarish
if you get on the wrong side at the wrong time … stops in this market, IMHO
make those in gold & silver look tame by comparison, and the slippage is awful …
wouldn’t use a stop in this stuff, cuz why? … you’re just gonna get filled at the
bottom anyway, so might as well see if it rallies first … I haven’t yet got caught by
any of these, and don’t plan on it.
But liquidity is a problem in BTC at the moment, and the question is does it get
worse or does it settle down some and get better … dunno … but if we blow
through 20K like we did today with 19K, then all hell is gonna break loose on the
upside.
“The Syndicate” hasn’t done any trades today, and it isn’t for lack of placing the
orders … these last couple of days it’s all I do to enter orders, then cancel them
once they skyrocket … on the bright side, BTCUSD UP another 5%+ today and
close to all time highs … I don’t expect it to take too long to see that 20 handle,
and IMHO when 21K goes, things will really go parabolic to the upside!!
Europe closed now so outta here … until tomorrow … Onward & Upward!!
-vegas
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