INSIDE THE DYNAMICS OF CRYPTO & WHY YOU SHOULD CARE

 

“First learn, then EARN!!”

The “inside baseball”dynamics of crypto are night & day different from anything

you’ll see from traditional markets on the MT4 … there isn’t a house out there,

along with their super secretive [so called] “tier 1” liquidity providers who ain’t,

that are gonna let you scalp your way to be my neighbor in the Caribbean

… quite the opposite! … sure, you may occasionally get a profitable scalp but

not consistently, cuz the roadblocks they’ve put up are daunting … 1) “variable

bid/offer spread games”, 2) horrific slippage built into your fill automatically,

where the house and the LP split the theft, and 3) of course commissions … what

you think you’re trading anything at, trust me you’re NOT!

How do I really know on the MT4, if I’m getting the true market, OR MORE LIKELY,

I’m getting 1) a phantom bogus quote where a snowball in Hell has a better

chance of surviving than you getting that bid or offer, and 2) it gets worse from

here as I enter an order and get raped again? … and to make matters worse, we

have no way of knowing who or how our order was filled cuz the house won’t

tell you … you got to trust the house … “NO FUCKING THANK YOU!”

The major problem with traditional “open order book” [OOB] crypto trading are

the “gas fees”, now running around 0.12% for a round turn commission … that

equates to about an 8 - 10 tick “hit” in XRPUSDT [RIPPLE] around $0.70, at

places like Binance, Phemex, ByBit, Deribit, etc. … sure the spreads are one tick,

but so what, when total cost is gonna be 10 ticks if you’re lucky?

What makes crypto truly unique, is that there are dozens upon dozens of places

to trade it, meaning prices get out of line with each other from exchange and

platform, that spells opportunity … and if you don’t know what “arb scalping” is,

wise up and learn cuz it’s the fastest way to a fortune! … in its simplest terms, by

using an example, I’ll lay out the concept … I’m watching and tracking XRPUSDT

[RIPPLE] AT COINEXX, cuz it’s the MT4, the spread is below the “gas fees”

charged by the bigger crypto houses, and I can put the entire scalping algo up

on the screen … Coinexx uses a large HFT [probably Blackrock or Citadel, but

who knows?] for their LP trading operations, therefore I know the “bid” is legit

… I’m trading XRPUSDT for “The Syndicate” at IQCENT, which has a 1 tick spread

at the 4th decimal place, with no commissions … I want to be on the long side of

crypto for one big reason, and that is 99.9% of all traders, and there are millions

of them from all walks of life, want to “hit it big” with crypto … they love MOMO

and they love to FOMO, and when that doesn’t work, their sell stops provide

plenty of fresh ammo for the “whales” to cover shorts and get long again for the

ride up … fact is, not that many retail spec traders want to be short any

crypto pair. 

So the essence of “arb scalping” is to buy at IQCENT CHEAPER THAN THE BID

AT COINEXX … and the bigger the better! … when SHTF the other day, Miss

Gimpy bought XRPUSDT 200 TICKS UNDER THE COINEXX BID, AND WITHIN 30

SECONDS PUMPED IT OUT 250 TICKS HIGHER … granted, that’s a Helluva

anomaly in price differential, but when people panic & puke, this is what happens

… in traditional markets you see this, but the fucking scumbag banks keep it all,

and you get NADA! … under normal trading conditions, this “basis” will fluctuate

± 20 ticks all day long … that’s why I say, if you trade crypto you have to know the

“basis” from where a large LP is quoting … what good does it do you to buy an

algorithm signal if at that moment the basis is +20, IQCENT OVER COINEXX?

… you’re gonna have a Helluva time making money on that trade cuz you paid far

too much for it! … ALL OF MY LONG TRADES I BUY AT A DISCOUNT TO THE

COINEXX BID! … USUALLY WITHIN SECONDS, THAT ADVANTAGE DISAPPEARS

and I have a profit “el quicko mucho” … “thank you, come again!” … and quite

frankly, this is as close to the bygone era of floor trading as you’re ever gonna

get! … IT’S IN CRYPTO, AND IT AIN’T ON THE MT4 OR MT5!

IQCENT has some very good to excellent crypto markets where you can do this

all day & night long … XRPUSDT [RIPPLE], POLYGON [MATIC], DOGE COIN

[DOGE], & ETHEREUM [ETHUSDT] … I’ve left Bitcoin off the list cuz quite frankly

I have become very disappointed with the way their scumbag LP turns the Bitcoin

feed off every fucking time it moves … IMHO, it’s just not worth it to trade under

those conditions … and oh yes, I’ve screamed at them plenty, but like all

brokerage houses, they don’t give a shit, they do what they want … today a

somewhat slow day considering the week as a whole, only some minor trades in

XRPUSDT on light volume … ‘The Syndicate” nonetheless UP APPROXIMATELY

0.4% … IT IS FRIDAY AFTER ALL! … MEANWHILE OVER IN “BUCKET OF SHIT

LAND”, otherwise known as “”traditional markets”, what a sad display of

something that used to be called trading … why even bother? … Brent Oil for its

part, doing nothing the entire day, and then just before the London Fix,

Coinexx’s LP shoves the spread from 1-2 pennies to 5-6 cents per barrel … of

course they did!! … more spread games! … No trades in oil today, absolutely

nothing to do on another slow crawl “dead cat bounce”, albeit with a nice fat

spread … what a bunch of fucking criminals, but we already knew that

… blog update on Sunday. 

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!   

-vegas

  

LONG LIVE CRYPTO!

 

“Rid yourself of “Guru-itis”, & first learn, then earn in crypto!!”

Great, Google fixed their blogspot platform … only took ‘em all day … either they

found food pellets for the Gerbils running the Hamster wheel, or they were too

busy out protesting for Hamas somewhere … nothing says you “know what

you’re doing” quite like queers, trans, and other assorted life forms upholding

Hamas values, that if they got the chance they’d either be shot, hanged, or

thrown off the top of buildings … I know, how about vacationing some AirBnb

in Gaza next time you got some time off? … you’ll only need a one-way ticket!  

I will be the first one in line to admit, when it comes to all of the “financial porn”

on sites like “Zero Hedge” [ZH], with all of the esoteric charts, graphs,

“deep thoughts” from the Homer Simpson types in their silk suits infecting Wall

Street, that not only is it counterproductive to your trading [and that’s the

reason it’s there!], I don’t really know shit to begin with, and that’s perfectly fine

with me! … it only took me about 5 minutes after I graduated university many

blue moons ago, to realize that making money trading is NEGATIVELY

CORRELATED with the investment degree I earned … want to really understand

trading and get a real life “Feel” for navigating the unknown? … “ohhh, that’s a

lot of hands in the air!” … then spend a week in Las Vegas hanging around the

“Texas Hold ‘em” card rooms of the big casinos and take fucking notes of who

wins, who loses, and why?! … the same dynamics at work there are exactly

the same pit dynamics of “dumber-than-a-cats-filled-up-litter-box” floor traders

from yesteryear … they may not be the brightest bulbs in the light store, but

they make a Helluva lot of money … what do they have that you don’t?

You can deny it all you want, but the cold hard truth is traditional markets SUCK!

…. And if you can’t see what’s at work over the last week OR TWO, then either

you’re not paying attention or you’re just dumb as Hell … sorry to be the one to

break it to you but “trading” on the MT4 is like walking drunk, barefoot, naked, &

blindfolded through a rose garden … and when they move and aren’t being

manipulated? … well then, dial up some LP bullshit via their “variable spread

games” … sure, gold & crude oil can have their moments, but as yesterday

showed in crude oil, what good is movement if the effective spread is 5 or 6

cents? … typical … THIS SUCKS! … and today, gold sucked cuz longs are

trapped and the FED has their “boot” on the necks of positioned longs, cuz

WWIII and all that horseshit … “sure looks like “bait & switch” in oil to me, but

WTF do i know?” … you just shake your head and laugh and move on … one

note, though, I’ve switched my emphasis in crude oil for PAMM trading to Brent,

rather than the U.S. version of WTI … better spread, less stop hunts, and IMHO a

“cleaner trade” on the charts … today? … “dead cat bounce” Thursday, where

the trading action is screwed up cuz we saw the early rally … we need to see

early breaks THEN THE RALLY, which will have more power than what we saw

today … and for that to happen, most likely we need some “backing & filling”

with price, with further attempts at new lows that fail.

Another stellar trading day in crypto, the only group of free markets left to trade

… all we got here are the things everybody and their pet rabbit say they want

from a group of markets … then they see its crypto and people are like … “oh,

that’s crypto, I don’t trade crypto … or, I don’t like crypto!” … right, stay where

you’re getting manipulated and chopped to death with pathetic ranges 80%+ of

the time, with nothing that makes sense from a trading perspective cuz you can’t

find me an MT4 platform and house that is gonna let you scalp the LP

… “variable bid/offer spread games”, slippage, & commissions are gonna make

you extremely frustrated … in crypto it’s a different story, and even with some

quirks in their trading platform for crypto [which I’ll highlight in a later blog

coming up], THERE SIMPLY ARE NO BETTER SCALPING MARKETS ANYWHERE

THAT ARE  AVAILABLE TO YOU THAN CRYPTO PAIRS AT IQCENT! … want to

remain in denial? … GO RIGHT AHEAD! … the money you say you want to make,

is right there! 

No trades for the PAMM today in Brent … a dead cat bounce day, and even with

some legit buy signals, a pretty pathetic move higher that for my money took far

too long to play out … over at IQCENT, a shipload of XRPUSDT trades in a wild

market day that saw plenty of ups & downs with spikes from Hell to match

… “The Syndicate” UP APPROXIMATELY 0.2% on very 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

SUNDAY UPDATE: 10 YEARS TOO EARLY IS BETTER THAN 1 DAY TOO LATE

 

“COVID … J6 … ELECTIONS … UKRAINE … all lies & bullshit 24/7/365 !!”

We are quickly approaching that point in history where events speed up and

produce unintended consequences … both societal and financial … the U.S.

government [top to bottom] is soooooo immoral & corrupt, if you can’t bring

yourself to see this, then either you’re OK with it and may actually want it, OR

your head is in the sand cuz you don’t want to have to believe it … from a

financial perspective, markets are necessary for price discovery, and without that

the modern world as we know it would be radically different and more difficult to

navigate … so, there will always be “markets”.

The question then becomes how these “markets” are “gamed” by the financial

Elites of the world, specifically the scumbag international banks, bullion dealers,

HFT’s, extremely large hedge funds, scumbag central bank Apparatchiks, POLS,

and regulators who got their hand out as well … [did you ever know ANYBODY

as a kid who wanted to grow up and be a “regulator”?]

You can see the damage done to your wealth & finances by 2 years of Biden & his

communist gang, and I’m here to tell you it’s gonna speed up and get worse

… they are going to come for your personal wealth, and it’s coming sooner not

later … you simply got to have a financial [and probably physical]  “escape plan”

… this highlights the limitations of gold, cuz carrying around more than a few

coins to get you “out of Dodge City” is not only dangerous, but physically hard to

do … you need gold and other precious metals OUT OF THE CONTROL of U.S.

government THIEVES, who will eagerly look to confiscate your hard earned

wealth “for the children” … that’s why I recommend BullionStar, located in

Singapore … check ‘em out through my link in the right hand column … “history

is replete with warnings about personal wealth … don’t be a procrastinator or

dreamer … it’s better to be 10 years too early, than 1 day late WHEN [not “IF”]

Biden and his gang come for your wealth … start small, whatever … just do

something!”

In that scenario, markets will continue to exist & trade, only the hegemony U.S.

markets have over world pricing will decrease significantly … we’re already

seeing that in physical commodities like crude oil, base metals, and precious

metals … the Pacific Rim, specifically China, along with the Ruskies & India are

starting to dominate metals and precious metals trading … and OPEC+ is

looking to reprice crude oil in Chinese Yuan … and when the Saudi’s do this, it’s

O.V.E.R. for the U.S. Dollar! 

Since the start of the century some 23 years ago, the U.S. financial system has

lost tremendous resources to the “offshore financial world” … the only thing the

U.S. offers over and above other countries is corruption & money laundering

services, while at the same time making sure the Gestapo arm of the U.S. Elites

[the I.R.S.] hassles the shit out of you and wants to know every single “Hoover

Dam” thing about your trading … who needs this bullshit? … of course they do,

cuz they NEED to control you any which way they can … meanwhile the Biden

Crime Family can operate their “bribery, influence peddling, & corruption” cash

machine with impunity and accept cash from the ChiComs [documented

Libtards, deal with it], the “big guy” gets 10%, and nobody but nobody pays

taxes or gets hassled committing numerous felonies.

Because governments are so “Hoover Dam” good at corruption and debasing

the money supply, while at the same time bringing about ruinous inflation, “the

mice get smarter” and develop crypto currencies to escape the clutches of

people Hellbent on confiscating their wealth, OR controlling the flow of

information, goods & services, and general business commerce … fast forward to

today from 2009, when the Bitcoin white paper was released, and we got THE

FASTEST EVOLUTION OF OFFSHORE FINANCIAL SERVICES EVER SEEN IN THE

HISTORY OF THE WORLD! … bottom line is simple … “there’s no reason to ever

trade in the U.S., unless you like to get hassled and love government knowing

everything about your trading, and it doesn’t matter how big or small your

account is … and, there’s plenty of reasons to go “offshore” for trading purposes,

the top 2 being, 1) using crypto for deposit / withdrawal [including stable coins

like Tether (USDT), for ease of use, timeliness, and with only very small fees and

2) NO KYC requirements [in most cases].

When I look at everything in the TOTALITY, if I were opening a trading account

today, I would go to “IQCENT” [use the link in the top right hand column to sign

up … it’s quick, free, & fast] … here are the main reasons … 1) NO KYC to open,

fund with crypto … you only need ID to withdraw, and they don’t care if you use

U.S. ID, cuz I already checked with them … 2) they offer FX, CFD’s, & binary

options both … 3) there are no commissions, meaning everything is simply the

bid / offer spread … 3) simple interface trading platform that’s easy to navigate

… and 4) they offer all of the markets I’m interested in trading … 4) their crypto

markets are open 24/7/365.

No matter what you think of crypto, whether you love it or hate it, as a trading

vehicle it’s tough to beat … “IF!” … and this is a very big “IF” … if you can find a

place that has a tight bid / offer spread AND LOW GAS FEES meaning round-turn

[RT] commissions] … Bitcoin [BTCUSD or BTCUSDT] can really move … not like

times before 2022, when it had 20 Day Range MA’s in excess of $2500, BUT EVEN

BY TODAY’S STANDARDS of around $1000 or less, it still moves … but that

movement doesn’t do anybody much good if the spread is shit and the gas fees

are what I consider astronomical … typical in the crypto space today from leading

crypto trading houses like PHEMEX, are “taker” fees [market orders] of 0.06%,

and “maker” fees [limit orders filled] of 0.01% … that means fees on market

orders getting in and out come to 0.12% of the price of the coin you’re trading

… with BTC at roughly $28,000, that's a RT commission of approximately $33.60

PLUS A SPREAD OF A FEW CENTS AND SLIPPAGE … in other words, in a rather

calm market it’s about $35 to trade BTC on 1 coin, or ± $1 in P/L for each $1 move

in BTC … at IQCENT, the bid / offer spread in BTC is roughly $2 OR LESS and

there are no gas fees … 10X leverage should be sufficient for most people … and

it’s the same conditions for ETH [Ethereum], where the bid / offer spread as I

write is approximately 20 cents [$1768 last price] and there are no commissions

… PLEASE, somebody find me any place better than this for 2 volatile crypto

markets.

When the markets are open, gold [XAUUSD] has a spread of about 20 cents, and

Brent Crude Oil about 2 cents when it’s calm and 3 cents when it’s moving fast

… again, no commissions … they also offer Copper if you’re interested … in

tomorrow’s blog post, I’ll give a rundown of the spreads, including “Stock

Bellies” … as I have said many times on the blog, if crude oil [Brent or WTI, it

makes little difference] has futures pricing via the CFD’’s, I’d trade nothing but oil

all day every day … FX I’m not sure about, so I’ll defer until tomorrow.

If you’re into trading for the money, and that begs the question of if you’re not

what the Hell are you doing?, then IQCENT IMHO is a “game changer” … it’s a

“game changer” cuz of the structure of trading crypto for one, without the

exorbitant fees tacked on, but also cuz you got binary options with the platform

as well … between crude oil, gold, and either BTC or ETH, if you can’t find your

volatile market to trade then you ain’t lookin’ very hard! … the Mrs. hasn’t migrated

to IQCENT yet, but Miss Gimpy has … she runs the trading algorithm off of a live

MT4 account at COINEXX [or anybody could use a demo from any house as well],

where she’s got BTC, ETH, XAUUSD, BRENT Crude Oil, & DOW30 m5 and m1

charts … quite frankly, I don’t think she’s ever going back to any other markets

except these 5 … she’s had it with shit fills and slippage from bogus FX trades

done with COINEXX … at present, with BTC coming back from the dead, and now

having a 20 Day Range MA OVER $1,000, and getting conditions like it’s an FX

pair, why trade anything else? … and for the record, COINEXX has blown both

ETH & BTC spreads out, and they’re no better than the total cost to trade

at PHEMEX. 

And we all know what oil spreads are like on the MT4 with houses like COINEXX

… the spread can be anything they want it to be … 2 cents one minute 5 or 7

cents the next with no reason whatsoever for the change except GREED … gold

is OK at COINEXX, but it’s the same LBMA market at IQCENT, so why be there?

The only real difference in prior algorithms for crypto and the present trading

algorithm for all markets, is that ranges are vastly different and the present

algorithm can handle slower, less volatile conditions, while the former can’t

… but even if BTC slows down tremendously, with the CFD conditions at IQCENT,

it’s still a great trading market … at the start of 2023, BTC had a 20 Day Range MA

of about $300 … talk about a nuclear winter! … but if trading conditions are right,

that’s still much better than anything in FX! … the only drawback is leverage

… I’ll have more on this tomorrow.

Directly below, this week’s 20 Day Range MA’s of selected markets.

click on table to enlarge

Some rather big jumps in values, especially in gold and crude oil, the former now

over $30+, and crude oil over $3 again … while gold may hold these values, it may

be tough for crude to do so … if we go into recession / depression, probably not

… if the economy can grow and other world economies do the same probably yes

… it looks to be a volatile week ahead.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas