Which is the better trading vehicle, BTC or ETH? … depends on the trading movement, spread, and commission structure … when ETH moves, it usually beats out BTC as the better trading vehicle, as BTC can get “whacky” in the bid/offer spread … today a good example, as ETH is moving and hit $3K earlier in the day … some good BTC factoids in the ZH link below.
This is the first day in a long time since we’ve seen decent two way fluctuations
in terms of trading action … more so of value in ETH than BTC, which has seen
today excessive blowouts in the bid/offer spread, at times going to around $50
… that’s bullshit … ETH has been generally under $0.30, and the RT commish for
ETH on a 1 lot at Coinexx is 6 cents … compare that to Phemex or Binance and
Coinexx is the clear winner here easily in terms of lowest cost … the key of
course, is getting ETH to move, and we haven’t seen that lately, only a straight up
shot with little to zero corrective activity … that’s changed today … however, one
day does not make a trend, so let’s hope ETH stays active in a trading sense
… we’ll see, cuz just after NOON EST., it all went dead as both ETH & BTC died on
the vine and there isn’t shit here now for activity … oh well, still a decent days
movement.
Two trades for the PAMM today … WE’RE UP SLIGHTLY … volumes I did were
light, as right now I’m more interested in fills … which to be fair to Coinexx, were
good in all respects … if the trade keeps up, volumes will go up … onto
tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment