“Oh those lovable Bitcoin “whales” … while the financial MSM fell apart and
tied themselves into Escher knots trying to explain the laughable whale sell stop
hunt yesterday around 2:30 PM EST yesterday, and come up with an acceptable
propaganda narrative for the masses, we all know what happened … and if this
isn’t enough proof for you that the financial MSM is “in the tank”, working for
Government & the FED, then I don’t know what it takes to open your frickin’ eyes
… you wanna believe in “fairy tales & bullshit”?, then listen to CNBC or Dumberg,
they’ll lead you down the golden road to Oz, ending up with you convinced it’s all
a random walk, and that’s the way the cookie crumbles sometimes … meanwhile,
the “right” people have your money and you lose!
Some whale or group of whales, acting in conjunction, took somebody else who
was long to the cleaners yesterday … sell stops begat other sell stops, right into
the whales bids down at the bottom, and from there it was a rocket ship ride up
about $4,000 … nice work if you got the money to do it! … will you ever hear a
word of this from the “oracles” in the financial MSM? … of course not, the
propaganda lie must be maintained at all costs cuz the government cannot allow
Sheeple to know the truth.
Reversals, reversals for everybody! … today’s mainstream financial markets a
complete scam of government market manipulation … FX the worst space,
followed closely by “Stock Bellies” … finding anything remotely close to a
“trend” in these markets is next to impossible, cuz for the most part nothing
“trends” anymore and instead simply chops.
GOLD
Ugly is the best way to describe this market, with trading action [VIX] that is
highly inconsistent minute to minute … today sees gold get “monkey hammered”
lower via an approximate $30 range … unless something changes, gold is capped
by the scumbag bullion dealer banks, and getting rallies to stick is very tough
… a market best avoided at a minimum until next Wednesday’s FED meeting is
over.
DAX40
A complete mess … best avoided until Europe’s energy needs are addressed as
we head into Winter … wicked moves inside nothing best describes this crap
… pick your “Wheel of Fortune” reversal number and watch the “V” shaped
bottoms and inverted tops … this is a market that moves violently then has no
follow through, thus frustrating the trading algorithm … quite frankly, the entire
“Stock Bellies” space is rife with flawed logic, as the worse things get
economically the higher prices go cuz there just has to be MOAR! QE coming
which ends up in “Stonks” … when this bubble finally collapses, it will make
1929 & 1987 look mild by comparison.
GBPJPY
Most likely smaller ranges through to Wednesday’s FED meeting, but still
tradeable unless it’s completely dead, which I would expect both next Tuesday &
Wednesday … at the London FIX, GBPJPY on it’s ass with an approximate 88 PIP
range putting in a double reversal, and who knows what the virus scumbag banks
got planned for a Friday afternoon … not at all good. Here in late afternoon New
York trading, GBPJPY with an approximate 116 PIP range, still below its 20 Day
Range MA, but not by much … another 20 PIPS added lower since the European
close.
CRYPTO
“Asia flies, the rest of the world dies” … and today is “Deadsville” in crypto
… from the European open to the London FIX, a complete joke … nothing to do
here but lose money if you trade BTC … will there be another afternoon
“flash crash”? … dunno, stay tuned!
Didn’t get a flash crash, but got a mini melt up instead, with price walking up the
hill to about $63,000 before dropping back … range about $2,900 so a little under
the 20 Day Range MA, but the story today is the lack of volatile trading action
… since Europe opened, no real price spikes to take your breath away, and almost
nothing to the downside.
Only 1 algorithm buy signal today in GBPJPY … TURNKEY PAMM UP SLIGHTLY.
As the Cable/Yen range expanded in late European session action, the algorithm
finally got enough space to make some calls … after that, it headed straight lower
into the European close and New York afternoon just walking lower … quite
frankly, as with most days lately, the Asian session sees great trading action and
the rest of the day is either marginal at best or stinks … still, it’s better with more
consistent VIX than either the DAX40 or gold, which can best be described as
“lightning in a bottle … crickets”, and those are about your only scenarios.
No trading today for “The Syndicate” … BTC action simply stunk the joint up
… quite frankly, this entire week has been weird in BTC, doing its best to be as
disjointed as gold … extreme VIX one minute, crickets for hours the next … not
at all typical of BTC but it is what it is.
Blog update on Sunday … outta here … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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