It looks like the crypto alt-coins MATIC & SOL got into some fermented banana
juice, and let the wild times begin! … MATICUSDT & SOLUSDT EACH WITH
APPROXIMATE NEW YORK SESSION RANGES OF 850 TICKS, AND DOGEUSDT
& XRPUSDT BARELY BUDGING! … “arb scalping” in MATICUSDT as good as it
has ever been, with “BASIS” PREMIUMS & DISCOUNTS IN EXCESS OF 100+
TICKS QUITE OFTEN!
And I’m here to tell you today, that those premiums & discounts are another tool
LP’s like Thompson Reuters [IQCENT LP] USE TO TRY AND THWART
SCALPERS! … I’ve noted before, that at IQCENT it is in your interest to scalp
crypto from the long side, and leave the short side alone … they [the LP] will
goad you into a short trade with a “bigly & yuge” DISCOUNT of say 100 ticks
… then leave that bid/offer quote stagnant as the market rises, adjusting it only
in big chunks against your position, not at all bringing the DISCOUNT in, until
they gap it higher by multiple dozens of ticks and your short scalp ends up
costing you 150 ticks CUZ YOU AREN’T ABLE TO LIQUIDATE! … and while it can
happen on the long side, it most often occurs on “bigly & yuge” waterfalls in
price, and then the PREMIUM goes into orbit of well over 100+ ticks … when
SHTF in crypto, you have to be aware that small PREMIUMS UNDER 30 OR 40
TICKS DON’T MEAN ANYTHING … you got to fish for larger prey!
Other markets moving better than I thought, but still not much but crawl, crawl,
and crawl some more in one direction or the other with almost ZERO corrective
activity … this is one of the hallmarks of modern day manipulation by central
banks around the globe in traditional markets … this ain’t the case over in
crypto! … and without corrective activity, there’s no point in attempting to trade
something that’s manipulated beyond belief … no trades in the PAMM today.
Over in crypto a decent day for “The Syndicate” on very light volumes in
MATICUSDT, and we’re UP APPROXIMATELY 0.6% … IT’S HARD TO TELL
WHAT’S AT WORK GOING INTO YEAR END, simply position squaring or loading
up for 2024, and that’s why the light volumes … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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