It’s laughable, that’s all you can really say … it is what it is, and that’s simply
“speed of light … crickets” … there is no such animal as “trading” anymore in
traditional financial markets, cuz it’s ALL a one-way street of panic either UP or
Down, followed by the “Loser Formation”, until next time … doesn’t matter which
market, they all act the same, cuz all of ‘em are being manipulated by the FED
… and as I’ve said before, and today simply another example, they manipulate
volatility, and when the time is right and the banks are positioned correctly, here
comes the “speed of light” explosive move you can’t catch unless you’re willing
to buy a rising offer, or sell a dropping bid, and get screwed royally … and when
it’s over, you got no chance to make anything back if you got caught the wrong
way cuz there isn’t any volatility left, and here comes the “Loser Formation” … not
so in crypto, but this ain’t crypto … DOW30, gold, silver, and any FX pair that
wakes up and moves once every 10 - 20 days … don’t anybody talk to me about
“honest & fair” markets, especially after the “circus shitshow” involving
Grandma Yellen the last few days … all coordinated so the banks can get
positioned correctly for today’s moves and then NFP tomorrow, all at spec
expense … feel manipulated yet?
Some decent moves in crypto today, but over at Turnkey the bid / offer spread in
ETHUSD fluctuating between $3 - $20 dollars … “oh sure, honest fill, here it comes
my ass, with no idea how bad it can be until you click the button … mystery uptick,
and you just bought it … mystery downtick and you just sold it … market went
nowhere, but you lost upwards of $15 - $30 per 1 lot! … what a bunch of thieves!
… meanwhile, BTCUSD remains “premiere”, and the pricing in that is as good as
it gets! … but I’d rather trade ETH cuz we get more “Bang” for the buck … so how
can BTC be as good as it gets, and ETH the worst spread & trading conditions on
planet earth? … yea, it’s a mystery to me as well, and they ain’t talkin’!
No trades today in the TURNKEY PAMM.
That leaves only BTC to trade, and since right after I hit my screens this morning,
BTC has been in “sell mode” via the algorithm … ETH GOES UP, BTC GOES
DOWN, and it’s all “bigly & yuge” in ETH/BTC … so, no opportunities in BTC today
for LONG trades.
Over in crypto land, multiple algorithm trade signals in ETHUSD, and
“The Syndicate” is up APPROXIMATELY 0.31%
As I’ve said before, the trading algorithm “NAILS” crypto to the barn door, and
models price behavior at the “scary” level … when you get the algorithm and see
for yourself, you’ll be amazed! … no secret really … it’s called “FREE” markets
with plenty of volatility … and for my money, it’s your path to riches in trading,
cuz nothing beats it … NOTHING! … and if I had anything close to the trading
conditions [for any crypto pair] I have for “The Syndicate” over at TURNKEY for
the PAMM, the PAMM would be enjoying the returns “The Syndicate” enjoys
… sadly, cuz of greedy, thieving, non-accountable, non-transparent, and
otherwise total scumbag LP’s, whose main job is to rob your account, we don’t
enjoy ANYTHING CLOSE IN THE PAMM, to what “The Syndicate” is doing … the
only crypto pair where there is an exception is BTCUSD [Bitcoin], where they’re
basically equal … but quite frankly, I don’t particularly like the way BTC trades,
and the absolute wicked price moves that take place if you get caught the wrong
way on some blitz out of nowhere moves that can go ANYWHERE … don’t get me
wrong, any of the other coins can cause plenty of heartburn as well, but they ain’t
priced over $50,000+ per 1 lot, and can [and do!] go $500+ within seconds, then
reverse and can just as easily go $800 the other direction the next 2 minutes
… now what? … insane price action never before seen in any market Is “what”,
and while winning is great, just remember in BTC [or anything else for that
matter] if you lose 50% of your account in 10 minutes, you got to now DOUBLE
[100%] YOUR NEW ACCOUNT JUST TO GET BACK TO BREAK EVEN
… this is bullshit.
So, in essence, what you see happening in crypto is the way ALL markets should
be behaving, but of course they ain’t … OK, so why ain’t they? … why do we
consistently see, day after day, straight UP / DOWN, then sideways? … where’s
the volatility of “trading” seen in crypto? … “it’s been stripped by manipulator
central banks, using their BFF scumbag TBTF & TBTJ LP banks to do their bidding
… and as you saw first hand just yesterday with Grandma Yellen and that
“shitshow circus” flip flop that was NO COINCIDENCE, they screwed a whole
bunch of specs in gold & the DOW30 … and for whose benefit? … the scumbag
LP banks, that’s who … and then part of that skim goes back to POLS,
Apparatchiks, & regulators, and right into their Bitcoin e-wallets … and if you
were positioned LONG in gold and got stopped out in the 1770’s cuz of that shit,
how do you feel about today’s rocket launch straight up to the 1815 area? … I’ll
bet it ain’t a good feeling!
Today sees ETH up for the 10th day in a row [excluding weekends], where the
move started around 2100 … today we hit 3600+ … WTF, a 70% gain in 10 fricken’
days? … and this is supposed to keep going UP, no worries? … Oh hell yes, what
could possibly go wrong here?
And as I write here in the mid afternoon of criminal New York trading, here comes
hell on a roller coaster! … what did you expect after 10 days in a row straight up
$1500 dollars? … and for their part, directly below you can see the ridiculous
spread conditions in ETH, while BTC is STILL LESS THAN THE GAS FEES ON
THE “OPEN ORDER BOOK” PLATFORMS! … wait … WUT? … I’M SOMEHOW
NOT SUPPOSED TO NOTICE THAT THE ETHUSD SPREAD IS ALMOST $21.50?
… while at the same time it’s about $2 over at PHEMEX … this is stupidity on
steroids, and the only conclusion I can draw, is that Turnkey thinks it doesn’t
matter to you or me … are they delusional or what?
The downside of course, is that there’s no way I can take advantage of the sell
stop selling and get long off the rebound, cuz the LP’s are clearly telling you, “you
wanna get long?, PAY UP SKIPPY”! … it’s very frustrating, but there isn’t anything
I can do about it except voice my complete displeasure [which I’ve done in
spades!] with Turnkey, who then yawns and says we’ll look into it … and that’s the
end of that cuz there’s never an answer back … they just don’t fucking care
whatsoever.
So, that kind of leaves us trading the “Big Dog” [BTC], which is the only crypto
pair that makes sense from a “total cost to trade” that is indeed, if not the
LOWEST COST, THEN “HOOVER DAM” CLOSE TO THE LOWEST, of any other
brokerage house out there, NO MATTER THE PLATFORM! … everything else is
shit, and likely to stay that way … I had hoped ETH could be made “tradeable”,
but everyday it gets worse, not better … so screw ‘em, take your ETH and pound
sand, we’ll simply trade BTC!
Outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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