FOMO GIVES WAY TO “UH OH”

 

“When crypto goes down, there’s no place to hide the carnage!!”

Well now, “easy come” to 4K and now “easy go” … gains from here in ETH

more than likely aren’t gonna be a straight line that allows the HODL-ers to

breathe easy … less than a month to go to the BTC “halving” and FOMO money

is drying up, or so it appears, quicker than most people realize.

Short post today, as I am back home from hospital prison and now get to come

off all the medicines they had me pumped up with … I got ZERO stamina &

strength, and may need an “ass-ectomy” later … I’m convinced when they

aren’t using hospital beds, they lend them out as torture racks … right now, I

feel like I’m being dragged by a pickup truck on a gravel road doing 60, with

no relief in sight.

We’re seeing better two-way trading action since the top above 4K … not

necessarily better for day trading, but better for scalping … the bid/offer

spread could be a little tamer IMHO, cuz at bottoms it can be quite excessive,

and slippage in ETH a real problem at times … only one trade today for the

PAMM, off one of the bottoms, and WE’RE UP SLIGHTLY … other opportunities I

passed on cuz of said spread widening … I’m using the “ETH MAX VIX 1” MQ4

CODE FOR BOTH M1 & M15 … RM= 1 & RM=2 on the m1, and RM=3 & RM=4 on

the m15 … available for all of you over in “Download Links” … onto tomorrow.

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

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

-vegas

TRADING FOCUS ON BITCOIN

 

“The Mrs. & Miss Gimpy!!”

Not much to report from overnight, although GBPAUD had some good algo

signals in the Asian session into the European session … since then it’s been

dead as traders await data today and tomorrow’s NFP Idiocy report from the U.S.

… many traders heading to the exit gates as the world gets its only official 4 day

Holiday which is the Easter weekend, starting on Good Friday and going through

Easter Monday … typically this is the worst stretch of low volatility you’re ever

gonna see, but this year Good Friday falls on an NFP report … as always lately,

we’re all bond traders now, and the only thing people are looking at is the yield

on 2 Yr. or 10 Yr. Treasuries … especially in FX, as the flows are all a one-way

street with each tick of bond yields … Bitcoin not so much.

One thing I am going to do, both with the PAMM for FX & gold, and for

“The Syndicate” in BTCUSDT starting next week is trade the Asian session to

late in the night, get some sleep, and then awake for the U.S. session … I don’t

need or wanna move to frickin’ Thailand in order to trade, just rearrange my sleep

schedule to accommodate the most active times of the day in this new world

order run by the ChiComs, Indians, & Ruskies … all the U.S. is good for is money

laundering gains seen in other parts of the world, and instead of being the most

active session of the world’s 3 sessions, it’s becoming the supreme laggard filled

with nothing but bullshit moves where markets are either completely dead or

move in one direction for hours on end, then magically switch and go the other

direction in some kind of “V” shaped horseshit that only traps traders.

The focus today is on Bitcoin [BTCUSDT], where we’re not using the BTC coin as

collateral for trading and margin, but rather Tether [USDT] stablecoin … the

advantages of this should be rather obvious … I want to trade BTC, not

collateralize my account that has to be tied to BTC … it’s all roses if BTC does

nothing but go up, but as 2022 showed the trading community, BTC goes down as

well … $66K down to about $17K is quite the “haircut”, and if your account was

held in BTC, I’m thinkin’ you may have been slightly suicidal watching your

account go south even on days when you made money … I think it makes the

most sense to trade BTC, and then if you want to take some profits and actually

hold the coin, then put some in your cold wallet for a rainy day, and HODL the

shit out of it … at IQCENT, you can hold your account balance in either dollars or

Euros, you pick at account setup.

Generally speaking, the USDT BTC trading is a couple of dollars lower in price

than BTC price where the coin is the collateral for margin purposes … and unlike

FX or other exchange traded markets, there are plenty more market platforms for

BTC trading than the couple of scumbag banks that dominate and control FX

… and that means a wide berth of prices as each platform has its own dynamics

in a free flowing marketplace of bids / offers where everybody is equal … I said

before and let me repeat, just cuz the spread at IQCENT is usually 1 penny, this

market moves … and if you buy the spike up, you can expect a fill higher than you

expected cuz the offers are being bought and then they change higher … and

likewise on the sell side only reversed … but, even if your fill is slightly off from

where you wanted it, it’s still light years better than shitholes like Coinexx [and

their thieving LP’s] where you’ll get the slippage as well as a $35+ spread to have

to beat … imagine a person trades a 1 lot volume 5 times a day for the month,

which is 100 trades for the month [M-F, no weekends] … you wanna give $3500+

to the frickin’ brokerage house and scumbag LP? … why? … you don’t get shit in

return for that money you shoved out the window, versus the $1 you paid at

IQCENT … I used to get the very best trading deals in the world when I was on

the floor trading from a pit, but this makes that look like garbage! … take any

metric you want to throw up, and given these conditions, it’s impossible to beat

BTC given its 20 Day Range MA, as well as 24/7/365 [never closes] trading hours

and activity … nothing comes close! … you can sign up at IQCENT via the link

in the right hand column … easy & fast!

I didn’t really have any expectations for today for Cable/Aud, except to note it’s

been flying higher on a tear for these last weeks … since I got to my screens this

morning it hasn’t done Mr. Jack “Diddly” Squat, being in about a 45 PIP yo-yo

from Hell inside a “Flying Wedge of Death” [FWD] … “Trading Ratio” [TR] barely

acceptable, it looks and feels like the world is out ‘til next Tuesday after the Easter

Holiday and all that entails [Good Friday, Easter Sunday, & Easter Monday]

… quite frankly, there isn’t anything here but mindless chop.

Bitcoin looks to be coiling for a fat move on the daily chart … although ranges

over the last few weeks or so have been steady around $1,000 [excluding

weekends], it’s been a choppy last 3 weeks of trading action with neither highs or

lows giving way … it looks like a classic flag formation on the daily, which

traditionally indicates the move up is half over … so, another leg up? … we’ll see,

but I will remind folks of one important thing about Bitcoin … before it goes higher,

it goes lower, and before it goes lower it goes higher first … short squeezes and

long liquidation traps are a favorite trick of the “whales” for getting their price on

volume at the retail spec’s behalf.

When things slow down, generally speaking option payout ratios will drop

… today, BTC binary options are at 40% as I write, which is ridiculously low … but

it ain’t moving and is stuck in a tiny range … when it starts moving the payout ratio

usually rises to about 75% … and in FX, USDJPY binary options usually run at 75%

payout ratio cuz it’s the most volatile FX major pair right now … in the updated

binary trading manual coming this Easter Monday, both BTC and USDJPY

are covered.

Tomorrow sees NFP, oh fun oh joy, and I’d expect if it’s not a sigma miss and

pretty much in line with expectations, traders will hit the exits “el quicko mucho”

… I think most of FX is open, but gold, crude oil, and “Stock Bellies” are closed

… the bond market I’m not sure of, but we’ll see … in any event, whatever happens

price action will be over within an hour … again, we’ll see … I don’t expect much

overnight … BTC as always, doesn’t give a shit cuz it trades 24/7/365, rain / shine /

Holiday /whatever, so anything can happen in BTC … no trades today in GBPAUD

for the PAMM, simply cuz it was stuck in a crappy 40-ish PIP range the entire 8+

hours I’m watching it, and while there are always algo signals, when it gets this

shitty “false positives” creep in and it can get messy … and I don’t like “messy”!

… cue my personal broken record Pluuuuuueeeze! … “WTF!, I got to move to

Thailand to get decent trading action?” … well no, just stay up for most of the

Asian session, sleep during Europe ‘till the U.S. gets going around 7 - 8 AM EST,

and take it from there … and that’s what I’ll be doing come next week for the

PAMM as well as “The Syndicate” in BTC … onto tomorrow! 

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

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

-vegas

JIMMY CARTER 2.0 … GOOD LUCK MARKETS

 

“Don’t blame me, I didn’t vote for the demented criminal fartbag!”

Well, that escalated quickly to the downside, didn’t it? … just a tad over 48 hours

ago, who cared what anybody paid to be in anything? … just HODL “Stonks”, gold,

and especially ETHUSD, cuz nothing ever goes down, right? … until it does … and

then with gas lines, civil unrest, Mideast war, and exploding inflation, the entire

world dreams about the Jimmy Carter days … well, OK, it’s a frickin’ nightmare

… and the sudden realization the fool in the WH is a bigger Dope than Carter has

markets “upset” … NEWS FLASH: “it’s a long way to the bottom, and the blood

has just started to flow from investors accounts, cuz what can the clueless Twits

at the FED do? … MOAR! QE? … buy MOAR! bonds? … debase the dollar even

MOAR!? … issue a Zimbabwe “trillion dollar” coin for everyone?

And I’m pretty sure, that Preezy Depends, once he’s had a nap, ate some pudding,

worked on the jigsaw puzzle in his basement, will get right on things ASAP … cuz

all the Communist / Socialists are already working hard on his behalf via the

“Manchurian Candidate” VP to take the “U.S. of China” and turn it into Venezuela

… meanwhile, “falling knife catchers” are out in throngs, secure in the belief that

the FED [cough, LOL, cough] has markets “under control” … sure they do … and

over in crypto, the latest “Thelma & Louise” high wire act going South is being

blamed on an Elon Musk tweet … NEWS FLASH: “the idiot savant has little to do

with ETH & BTC getting “monkey hammered”, and more to do with the classic

parabolic climb ETH went on, where it DOUBLED IN PRICE IN 3 WEEKS … and

what happens kids when price goes parabolic in any market? … that’s right

Skippy, when they suck in the last nickel and there’s no more fuel to buy, it gets

buried quicker than a Biden gaffe by the MSM … and “Down Goes Frazier”!

And quite frankly, what did you expect? … the warning flags have been going up

the flagpole for at least a week now, as everybody and their brother has been

buying ETHBTC, or just ETH outright … who cares what price is when it goes up

every single frickin’ day without end for 3 weeks … “you know, price is so “last

decade”, it’s the technology man, and I’m not selling ‘till ETH hits $100K! … fast

forward a few days, and here’s the fill [at the bottom] from your sell stop”!

… F-ing ouch! … do people ever learn? … Nope, only the names change over

time.

As if crypto needs a “risk event” to move, given the overnight ranges, but here

today at 8:30 AM EST, we got PPI numbers, and what happens if they’re “hotter”

than the CPI numbers yesterday? … are the FED Pie Holes lined up to speak at

government controlled CNBC to tell us, “no worries, it’s transitory”!? … how is it

“transitory” when over the course of the last 12 months, you Dimwits have more

than DOUBLED the amount of Dollars in circulation? … we’ll see what happens

here, but what can possibly go wrong? … and if the selling picks up today across

asset classes, who the hell stops it? … “Wanted! … professional knife catchers

with fingers! … and all I hear is crickets”!

PPI surges “highest on RECORD” YoY, but no problem, I’ve been assured by the

smartest people in the room it’s “transitory” … “hey, I didn’t voted for him, but

now you’re stuck with him, and the Communist takeover that’s coming as soon

as the “Manchurian Candidate” figures out how to get rid of him permanently, is

on the horizon … Ohhhh, good times”! … and look over there, a squirrel! … as the

DOW30 hits a new high for the day after the “Plunge Protection Team” [PPT]

shows up to show you everything is “fine” … see? … problem, what problem?

… move along now Sheeple, and let the “smartest people in the room” handle

things, OK?

So, I turn my machines on this morning around the European open and see the

crypto carnage … “wonderful, a $9000+ range in BTC, only 200%+ higher than the

20 Day Range MA, WTF am I supposed to do with this? … am I supposed to think

BTC is gonna magically reverse and hit a new high today, so look for buying

opportunities? … or is this the first of “shoes” to drop, from who knows where,

when this kind of action shows up? … cuz with this kind of range to the downside,

it means there is a high probability more than one version of “Thelma & Louise”

show up for some downside, nightmare declines that in 2 minutes can wipe out a

week’s worth of profitable trades … and the eerie silence of markets drifting as the

day starts only makes me more suspicious of today when the U.S. gets going

… especially in the criminal afternoon of the New York session, where anything

can happen … and I mean anything!

Well, here we go, now it’ Binance’s turn to face the Apparatchik music, from the

Gestapo arms of the “U.S. of China” … hot on the heels of a major U.S. pipeline

being “hacked”, and that they paid $5 million in crypto, never forget “Never Let A

Crisis Go To Waste”! … quite frankly, since they can’t find Cankle’s emails [IRS,

FBI, DOJ, NSA, CIA, or any other worthless alphabet soup Apparatchik Zoo], I’m

sure they’ll have no problem finding illicit crypto money channeled and washed

about 7,000 times through Asia & Europe … you know, cuz they’re the “experts”

and everything … but let’s not also forget what the real purpose of this

“investigation” truly is, which is to paint the crypto space as rife with drug

dealers, hackers, and other assorted lowlifes who skate the law 24/7/365, and

attempt to make a gullible public “they’re on the case”! … quite frankly, these

“Swamp Dopes” couldn’t find their asses with both hands if they had a Rand

McNally road map, so this “investigation will go NOWHERE.

And as we head into the mid afternoon of New York, who wants to catch a bunch

of falling knives dropped from 35,000 feet? … made the worse by the parabolic

rise of ETH, and all of the stupid shit done in the last days by FOMO loving

Sheeple everywhere … “It can’t go down!! … until it does … HARD … here’s your

sell stop fill … stop yelling & screaming”!

NO trades today in either the TURNKEY PAMM or in crypto for “The Syndicate”.

The only thing that matters on a day like today, is NOT losing money or getting

“whacked” doing “stupid shit” … if you think I’m steppin’ into this flaming bag of

dogshit, and hoping not to get burned or have dog poo on my shoes,

fugetaboutit! … BTC price moves have completely gone off the rails … signals

don’t mean “diddly squat” when you climb out past the “5 or 6 sigma” space of a

probability curve, and then think all is “normal” … the only normal here, is

“The Crypto Twilight Zone” … and in case nobody told you, there are no rules

there, so don’t try and make any!

Tomorrow’s blog will deal with my favorite crypto pair, which is TRX [TRON]

… there isn’t a better crypto pair to trade, bar NONE … small account, medium

account, or large account, they all can find success in this pair, and the trading

algorithm absolutely NAILS this pair to the barn door! … out of all the crypto pairs

out there to trade, IMHO this is the BEST for “traders” [scalpers especially

… make a great living trading this pair!]… I’ll lay it out for you tomorrow.

… outta here … “the future’s so bright I need sunglasses”! 😎

… Onward & Upward!!

-vegas