BITCOIN CATCHES A RALLY … BUT FOR HOW LONG?

 

“Money never looked so good!!”

Well, that escalated quickly didn’t it? … after a rash of seemingly bad news these

last months, from everything to FTX going tapioca to the useless & worthless SEC

suing Binance & Coinbase, Bitcoin finally gets some good news hitting the wires

… the link from yesterday afternoon via ZH directly below.

https://www.zerohedge.com/crypto/bitcoin-surges-after-new-cryptocurrency-

exchange-backed-citadel-fidelity-and-schwab-starts

And, the shorts get crushed like grapes … so what’s really behind this news?

… what’s really at work here with Citadel, Fidelity, & Schwab forming their own

crypto exchange for trading [EDX]? … combined, these firms have TRILLIONS

under management, with Citadel being one of the largest HFT firms in the world

… first, you have to know they wouldn’t do this unless somebody somewhere in

Biden’s crooked empire of thieves has given permission, and secondly there’s

something in it for special interests … as for the government, just a backdoor

attempt to get somebody else to do their spying & bidding for information on

corporations and individual traders … you can bet, there will be full KYC for

anybody / everybody who signs up for this … you can also bet, they’d “flip” on

your ass faster than Biden falling down stairs, and give up ALL info on you in a

heartbeat … so, not only will the heavyweights in the “Uniparty” get “skim”, just

like they do now from markets, they’ll have ready, willing, and able

stormtroopers collecting all they need when they need it … and if you can’t see

this, you’re dumber than a box of rocks! … and what will happen with the

offshore crowds of brokers that have no KYC, they’ll simply funnel trades

through this without so much as a whisper of protest … it never has and never

will make any sense whatsoever to do business in the U.S. 

Overnight, UK inflation a tad “hot”, but tell that to a Cable market that wants to

correct … and after sucking in longs, it’s over the cliff “Thelma & Louise” style

… today’s big event is Spicoli giving testimony over at the Clown College

starting at 10 AM EST … always good for laughs & outright mounds of bullshit,

but don’t let your kids listen to this cuz they’ll end up thinking that lying is a

good thing … so, look for chaos starting right at 10 AM EST.

STIRS staying awfully “sticky high” around the 4.72% level on the 2 YR. T-Note

… “Stock Bellies” find themselves at the most long positioned in the history of

the futures contract, which is not a good thing for further uninterrupted gains

… the real question is, “does the NDX100 stay elevated with “higher for longer”,

and if not, what’s the catalyst for the tech sector to “crack”? … with the

somewhat good news RE Bitcoin, can it elevate above 30K and stay there, and

with it ushering in more VIX on a daily basis? … and finally, can the BOE

tomorrow deliver the goods for Cable? … or do they disappoint like most always

and Cable goes back into mud? … and, with ECB Apparatchiks yapping

“blah blah, yada yada” about further rate increases every 5 minutes, does

EURUSD have any legs for more upside, or is it “finished before it’s started”?

… over the next 50 hours or so, we’re about to find out the answers.

Well, that didn’t take long to see how ugly the Cable / Yen pig can get … no matter

how much lipstick, strings of pearls, and perfume you waste on the pig, you still

got a stinkin’ pig … made worse by criminal, thieving Coinexx LP’s, whose motto

is “a fair fill is what doesn’t get us indicted!” … but first, I only did one algorithm

buy signal today in GBPJPY, simply cuz it’ll be the last … PAMM DOWN AROUND

0.1% … UPON ENTRY, WE GOT MUGGED, ROBBED, RAPED, and then RAPED

AGAIN, when we get filled a wonderful 4+ PIPS off the offer on a buy fill [which

was the absolute tippy top top to the tenth of a PIP], which 2 bats of my

eyelashes later as it’s going down, we get bent over again for about 2 PIPS of salt

rubbed into the stab wound … and as readers can imagine, I didn’t take to kindly

to this and proceeded to spend some hours on the phone with management … to

whit, “you fuck me again on any fill as I move the PAMM trading over to EURUSD,

and stick me with some bullshit, thieving fill by your criminal LP or group of LP’s,

I will make it my lifes mission to make sure you never open a new account again

from anybody … I will be on every forum, and post shit reviews based on real

trades, and I will be there relentlessly for as long as your doors are open … go

ahead, make my fucking day!” … and amazingly, nobody there said a

“Hoover Dam” word, except “sorry”, and said we’ll monitor your PAMM

EURUSD trades for “Scumbaggery & Fuckery” going forward and make sure

you’re satisfied everything is fair and honest … my response was, natch,

“you don’t know the meaning of “fair & honest” … tomorrow’s blog will deal

with how to make EURUSD trading into trading like it’s Bitcoin! … not for the

PAMM, which quite frankly will trade much higher EURUSD volumes and we’ll

get every bit as good of results from a razor thin spread as if we were trading

Cable / Yen and were getting treated fairly … it was a tossup to either do

EURUSD [maybe Cable], or give GBPJPY a chance cuz it had more VIX … well,

as I pointed out on the Sunday blog update, there are things you absolutely

need in order to be profitable … and we ain’t gettin’ it from Coinexx in GBPJPY … not even close, so GTFO!

Quite frankly, I don’t see how even Coinexx can FUBAR EURUSD … granted, it

can be slower, but it has less “Scumbaggery & Fuckery” than other pairs, and the

pair is highly competitive among houses … add to that higher volumes, and it can

be just as profitable … so, it’s over to EURUSD and welcome to our new home

going forward.

Over at IQCENT, a decent day as Bitcoin frickin’ explodes [~ $2,700 range], and

after a boatload of trades in the crypto pair, “The Syndicate” is UP

APPROXIMATELY 1.3% … and if I hadn’t been on the phone burning the ears at

Coinexx for several hours, it would have been substantially higher … but hey,

you do what you gotta do! … and the difference should be quite obvious to

everyone and their pet rabbit  … excellent selective spreads [top 4 are BTCUSDT,

DOW30, EURUSD, & USDJPY], no commissions, AND NO SLIPPAGE at IQCENT

… been trading here for about 3 months and haven’t had one horrific fill

… horseshit variable spreads that are mostly phantom, commissions, and

HORRIFIC SLIPPAGE at Coinexx that I deal with almost DAILY!… we’ll do OK in

EURUSD, simply cuz it’s one of the only pairs that’s kept relatively honest by

Coinexx … not cuz they want to, but cuz they have to … it’s too easy to check

with other competitors, and so slippage should be … SHOULD BE! … minor to

non existent when there’s no news affecting it … tomorrow’s blog will deal with

how to specifically trade DOW30 and/or EURUSD, and turn them into scorching

hot pairs … onto tomorrow.

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

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

-vegas

THE UNIPARTY PROPAGANDA MACHINE GOES FULL THROTTLE

 

“The debt ceiling “deal” must pass to save the children!!”

Took yesterday off cuz nothing was happening and markets in the U.S. were

closed … but as we all know, the “Uniparty” [Libtards & RINO’s] marches on with

their never ending thirst for more power & money … not to help you, but to enrich

themselves along with other world Elites currently in favor [see Ukraine for more

details, especially the guy in the workout sweatshirt.] … so here we are, and now

the real propaganda machine of the uniparty swamp can go to work with gusto

… grab the popcorn.

“Markets” [cough, bullshit, cough] eagerly await some kind of positive spin from

this, which there isn’t any in the real world, but that won’t stop anybody who

knows how manipulated markets work from bidding them higher … utter insanity

has gripped the NDX100, where somebody tell me how higher rates translates

into higher tech stocks? … AI the current “dot.com” bubble boom fad, with a

public that can’t get enough of worthless stock from companies that can’t turn a

profit but have plenty of hype … and if you’re older than about 2, you know how

this always ends … this time won’t be any different … meanwhile, gold rallies

$20+ off its lows overnight, natch, cuz late Asian session buying sparked the rally

… as I told you before, New York can play all the games it wants with the

“Comex Con Game”, but the ChiComs are and will continue to support gold &

other precious metals cuz their public is officially buying it … only the idiotic

FED Lounge Lizards are selling paper gold.

And great, as “Biden’s Gulag” [a/k/a New York] opens, gold has a $24 range

overnight … wonderful, what does history say about days like this when this

kind of shit happens? … it says “Ughhhhh!”, cuz there’s now a high probability

of nothing but bullshit, scumbag bullion dealer bank chop … not always, but

usually … and to add insult to injury, we start the day off with an offending

bullshit spread of 30 - 45 cents cuz they can … cuz when it doesn’t move, the

scumbag dealers have to make money from somewhere, and if you trade this

shit, you’re it! … a higher spread guarantees them money while at the same

time almost guarantees you losing … maybe things pick up and the spread goes

back to normal, but then again maybe it doesn’t … we’ll see … this has ALWAYS

been a big problem with gold … free market my ass, it’s as manipulated as

anything there is on the board thanks to the FED, but at least now the ChiComs

are supporting it … there will come a day when the world can get rid of the

LBMA and pricing can reflect a somewhat true market … we ain’t there yet.

Now that the criminal, money laundering NYSE open has come, if you want to call

this “trading”, go ahead and be my guest, it’s more like spins of a roulette wheel,

especially in “Stock Bellies”, where any and all semblance of reality is gone from

the equation … when does the NDX100 go to the “pink sheets” for trading?

I’m waiting for the NDX100 to go to Vancouver, right along with all of the other

penny stocks of note through the decades … a bigger joke I don’t think has been

seen since the “dot.com” bubble in 1999 when bio-techs were gonna take over

the world … now it’s “AI” … stupidity never goes out of style does it? … today’s

“Slots-A-Rama” goes full retard basket of kittens on meth over in the Clown

College, where the “fighting squirrels” wing of “Clown University” sees the

“rules committee” have a go on the now infamous Fuhrer Biden & RINO

McCarthy debt ceiling deal … all keno boards will stop in hushed anticipation to

see whether or not the bill goes to the floor … but of course it will, we just need

some drama in this Kabuki theater of the absurd … if you’re keeping score at

home, just remember Repubs ALWAYS CAVE, and you won’t be far off the final

score … B.I. Itching & complaining aside, Der Fuhrer can take his nap, have

some pudding, and get his diaper changed on time without worry.

We might as well rename today as “scumbag bank grab the spec money day”

… with the Clown College FUBAR-ing everything in sight, and in the process

making dictators across the world look good, there’s plenty of “scumbaggery &

fuckery” to go around the horn in what used to be called “markets” [cough,

bullshit, cough] … Hell, even Bitcoin is confused and sitting!

The only choices the PAMM has to trade anything is gold, and as a poor “plan B”,

somebody could make a case for USDJPY … gold today simply a joke, with

variable spread pricing all over the place at Coinexx, the official site of

“scumbaggery & fuckery” from thieving LP’s, ever since their merger with

Turnkey Forex … now we got the best of both worlds of piles of shit, where

ONLY gold and occasionally USDJPY offer any hope … I’m really reluctant to go

back into USDJPY, cuz while sometimes it behaves, Coinexx LP’s have a very

high tendency of sticking you with horrific slippage on fills, that can be many

PIPS off the market … ditto with gold, but with gold it happens everywhere

… USDJPY from what I’ve seen only at Coinexx, and before that Turnkey

… remember, Coinexx bought out Turnkey to get at its bank server platforms, not

for its customer base … and so, expect the same kind of problems with certain

markets … and when they stick you with shit fills in USDJPY, you got almost

ZERO chance of ever seeing daylight on a profitable trade … and when they do

it on both sides, it’s salt PLUS lemon juice!

Over at IQCENT, “The Syndicate” has much more flexibility in terms of what we

can trade successfully … yes, BTC has great pricing, but when it sits there and

doesn’t move [like today for instance], what good does that do us? … at IQCENT,

leverage available on their CFD’s is margined at much higher levels for max

FLEXIBILITY … gold 300:1, USDJPY & ALL OF THE “STOCK BELLIES” AT 500:1

… with no commissions and spreads comparable to Coinexx in terms of pricing,

the $64,000 question becomes one of slippage … so far, I haven’t experienced

any significant slippage like I have for the PAMM at Coinexx … so if BTC goes

“cold”, “The Syndicate” can quickly move to USDJPY AND/OR “STOCK

BELLIES”, or even gold.

Nothing pisses me off more than a “mystery tick” fill getting horrific slippage

from one of these scumbag LP’s … it’s different in crypto, but the fact remains,

places like Coinexx do ABSOLUTELY NOTHING to mitigate slippage via their LP’s

… “you picked them, at least you could call them on the carpet over shit fills, BUT

YOU DON’T! … YOU DEFEND THEM WITH, “Duh, market conditions, DUH!” as

your only excuse!” … fact is, for the PAMM, I can’t do what I do for “The

Syndicate” cuz I can scalp successfully at IQCENT, but you can’t do that at

Coinexx cuz of their thieving LP’s … scalping is for them to do to you, not the

other way around, and they have the means to effectuate conditions in their favor

and against traders … quite frankly, I haven’t seen that at IQCENT, and so I can

easily scalp BTC when it’s moving, or any other CFD!

Well, it appears there are some Repubs that are a tad upset over the debt deal

… well maybe, and it’s just a thought, you shoulda thought about this when you

elected this piece of shit RINO Speaker to begin with back in January … you

bought the bullshit, now reap the whirlwind! … so far, talk is “tough, but do you

have the cajones to vote “NO”? … I’ve seen this rodeo before from you pukes, so

color me highly skeptical … “Stock Bellies” not liking this unsavory talk, gold is

waffling around 1958 and not really doing anything and hasn’t all frickin’ day, and

Bitcoin is on vacation … USDJPY has simply chopped around a 30-ish PIP yo-yo

from Hell for the last 8+ hours, so there’s Mr. Slim Pickens there as well … ALL

held hostage by the Kabuki theater over in the Clown College … Note to Member

Clowns: “make sure you get positioned how you want before lightning strikes in

your favorite mistress fund market, OK?”

Another Western Hemisphere bullshit day, filled with the antics, “scumbaggery &

fuckery”, thieving, money laundering, and the playful back & forth by POLS &

Apparatchiks to micromanage every frickin’ squiggle in propaganda markets

… not for your benefit, but their BFF the scumbag banks … banks pay “skim”,

you don’t pay shit!

It would be nice to see gold either 1) actually “trade” some in New York going

somewhere [Hint: up or down fellas], OR 2) not have to deal with exploded ranges

already in the books from overnight, thus guaranteeing a shit yo-yo day inside a

“Flying Wedge of Death” [FWD] with tiny range … but no, can’t have that … got to

control VIX instead … and as far as “Plan B” goes, why should USDJPY move?

… might as well control that as well, which of course they do … given the news

flow, a 30-ish PIP range is an insult to the concept of a market … maybe tomorrow,

or when the Banana Republic actually defaults, which I dare say would rile things

up some, maybe then shit can actually move faster than a slow crawl. 

No trades for the PAMM today, the day over before it began cuz of overnight

price action and movement that saw the 20 Day Range MA hit and/or exceeded

before New York even opened … what bullshit … and then we get the crumbs

from JPM and the other criminal banks as they rub their slimy hands in glee

… maybe tomorrow it can trade … over at IQCENT, “The Syndicate” UP

APPROXIMATELY 0.4% on some USDJPY trades … BTCUSDT dead in the water,

and trade conditions good in USDJPY … these are trades I just can’t do at

Coinexx cuz of their thieving LP’s, cuz they were scalps more than day trades

… all in all, even though it’s kinda tough to tell exactly, it appears the spread is

0.4 or 0.5 PIPS in USDJPY with no commissions, and we didn’t suffer any

slippage on fills … just followed the alternative algorithm on the MT4, and did the

trades on IQCENT’S platform with the m3 chart up for perspective … earlier I said

USDJPY had 500:1 leverage, but it’s 300:1 … sorry for the error, but that’s still

really good for margin purposes, although I wouldn’t go that high … we’ll see

what conditions are like tomorrow and whether or not we get hosed by Coinexx in

the PAMM … really, the market isn’t moving that fast, so there shouldn’t be a

problem … but I’ve been down this road before with these Asshats, so we’ll see

what gives … it would be nice to get some decent gold trading, but bullion LP’s

are doing their best to thwart decent trading conditions … so we’ll see

… onto tomorrow.

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

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

-vegas