I had thought the low spread in ETH at Coinexx would translate into some nice
trading … I was wrong, the shit doesn’t move well enough and the Variance [VAR]
of the bid/offer spread is too high relative to how the price moves most of the time
… only moving 3 trading days out of 10 ain’t gonna cut the mustard! … say what
you want about BTC, granted I’m not thrilled with the spread at Coinexx, but it’s
far better than the total cost at Binance or Phemex, and that can’t be ignored
… fact is, Bitcoin skews looking at other markets relative to itself cuz the price is
so frickin’ high.
As for the “Spoos”, if they come around and trade again, and stop this horseshit
of straight up / straight down / mindless chop [pick one] every fucking day with
no corrective activity, I’ll give them a decent “look see” … right now this market
sucks as bad as FX, and that’s saying something.
Here at 1 PM EST, lets take a look at ranges for the day … gold [$19], Oil {$2.40],
“Spoos” [12 index points], ETH [$52], and BTC [$1400] … quite frankly given the
state of the world, this is worse than pathetic with the “Spoos” leading the losers
parade in terms of trading action … and if the range didn’t come in Asia, it came
in less than 15 minutes right after “Stonks” opened up [see BTC] … today a BTC
8+ hour session of about $625 … this is some serious bullshit! … gone are the
days “elevator UP / DOWN”, and we see session ranges of $1500 - $2,000+ with
decent corrective activity [is it on fucking vacation?], and instead replaced with
crawl that takes way too long to develop. As a trader, I ain’t interested in 2 hours
from now! … nonetheless, we push on and I just deal with it.
… 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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