FOCUS ON ETHEREUM

 

“Ethereum is a great crypto trading pair!!”

Bitcoin gets most of the press and attention, but Ethereum [ETH] is right up there

in terms of DEFI importance, development, structure, and functioning of APPS

that are being developed as I write … and at IQCENT, trading ETH gets you the

same superior conditions that Bitcoin gives you ,,, viz., 1 penny bid/offer spread,

no commissions, and NO SLIPPAGE ON FILLS … yes, markets move, and if you

buy on the way UP or sell on the way down, your fill is gonna be not where you

wanted it to be … but! … and this is a “bigly & yuge” but, you aren’t gonna get

the horrific slippage you would get if you were at Coinexx or some other houses.

Standard “gas fees” [commissions] now run 0.06% per side, unless you do

large volumes … do the math, and at current prices for ETH, that comes out to

about $2 in commissions each time you trade … at IQCENT IT’S 1 PENNY, WITH

NO COMMISSIONS … you aren’t gonna get penny-for-penny movement with ETH

at Coinexx, Binance, or Phemex, unless the market is unusually active, but you

ain't payin’ full boat retail spec commissions either … so just like Bitcoin, you can

profit while others gotta wait to escape the spread … this is a huge advantage!

… and just from my, as well as “The Mrs.” & Miss Gimpy’s [who btw have

become excellent scalpers in their own right] experience trading crypto at

IQCENT, I’d say roughly 80%+ of trades are inside the spread of mainstream

crypto houses … and don’t think the “arbs” [arbitrageurs] & whales don’t know

this cuz they most certainly do … the army of specs that are waiting for $30 - $50

moves in Bitcoin so they can scalp, find out real quick the market can “hit the

wall” with either support [going down] or resistance [going up] against their

trade … and it’s EXACTLY THE SAME SCENARIO IN ETH, ONLY

PROPORTIONAL!

The special trading algorithm I developed for “The Mrs.” & Miss Gimpy, I’ve

added a new feature … I think most people will find it very helpful cuz it pinpoints

key Gann “Square of Nine” [SO9] support / resistance “ zones, where price can

be expected [in a probabilistic sense] to either find support and move higher, or

find resistance and move lower … all of this in a “Volatility Matrix”, where you

can change the VIX settings “on the fly” as the market exhibits higher or lower

VIX trading … these are known as “Risk Models” [RM], with each RM having 3

zones … about 90%+ of the time you’ll be in RM=1 mode, and unless some big

news drops that “bigly & yuge” affects price almost instantly, over 99.9%+ of the

time the 4 RM’s will model the market … you can also use the higher RM’s for

longer time periods on your charts, e.g. m15, m30, h1, and/or h4.

Simply think of this as an “upgrade” of the “Special Trading Algorithm” … I will

publish the Adobe pdf manual this upcoming weekend with the Sunday blog

update, which will explain all of this in much more detail … parameters for

GBPJPY, BTCUSDT, ETHUSDT, & XRPUSDT will be in the manual … I include

Ripple [XRPUSDT] cuz both “The Mrs.” & Miss Gimpy watch & track it, and on

occasion will trade it … IMHO, once the idiotic lawsuit the SEC has against

Ripple is finished, this coin will explode higher … that could be tomorrow or in

years, who knows? … more than likely, a meaningless settlement will happen

so that the SEC can save face and not look like total Fools that they are

… government, whaddaya gonna do? … the punishment is the process.

Turning to today’s “Slots-A-Rama” inside the world’s most corrupt casino, it was

nice of the ChiComs to take the sell stops out of GBPJPY wasn’t it? … then turn it

around while we all sleep and here we are right back to where we were late

afternoon yesterday … thanks guys! … and as I write, BTC just got monkey

hammered and we had a move down to the RM=4 level before temporary support

was found, then another break down to RM=3, where it touched and rocketed

… like I said, a beautiful aid in highlighting support / resistance so no matter

your position you can make a very intelligent trading decision as to when to

liquidate … well, this day should be interesting!

Jobs claims a nothing burger, but ADP with a blowout surge in employment

… thank you Chili’s & Applebee’s! … Coinexx LP’s with their usual bullshit

spread FUBAR in Cable / Yen … can’t do anything ‘til this horseshit ends

… what greedy assholes!, and don’t anybody give me any of this bullshit of

“DUH!, market conditions, DUH!” … ain’t buyin’ any of that propaganda … STIRS

going bat shit crazy [BSC] to the upside, with the 2 YR. T-Note now at 5.08% [on

its way to 5.20%, a 16 year high], a 2023 high … higher for longer, and that’s

weighing mightily on Bitcoin and other crypto.

Meanwhile, all of this monkey hammering of crypto, including ETH, sees the

Coinexx ETH bid/offer spread balloon out to over $2 from around 30 cents … it’’s

why you don’t trade ETH here [OR ANY CRYPTO FOR THAT MATTER], cuz THEY

ARE THIEVES! … THEY STEAL FROM YOUR GAINS AND THEY ADD TO YOUR

LOSSES!

Today is exactly the kind of day where many will find trading ETH superior to

BTC … some great scalping action, and it doesn’t matter which side you’re on

cuz they are both working excellently via the algorithm … the primary advantage,

IMHO is that you can hold onto gains longer in ETH looking for better pricing

… that isn’t to say ETH can’t hurt you or move fast, cuz it can in spades … but

relatively speaking compared to BTC, on days where SHTF about every minute,

I can definitely see why many would want to trade ETH over BTC … and the only

place to trade it with a 1 penny spread is IQCENT WITH NO COMMISSIONS.

For those keeping score at home, let me recap the day in Cable / Yen … straight

down, straight up, straight down [almost back to the low but not quite, rally into

the middle … there you have it … and if ever there was a day for the BOJ to

intervene, today was it, as STIRS hit 17 year highs in yield [2 YR], and the cross

got everybody and their pet rabbit long in the upper 183’s, but couldn’t break 184

despite repeated attempts … perhaps the BOJ Apparatchiks know something

about the payroll numbers tomorrow? … higher rates to come? … we’ll see

… what a FUBAR day, as the real trading came about in the Asian session and

early European session … after that, as has become the norm, nothing left for

the U.S. session except shit … no trades for the PAMM today in GBPJPY, but that

will change starting with tomorrow’s trade {maybe] pre NFP, but most definitely

post NFP … the updated special algorithm aid working exceptionally well, and

giving better information than before … what’s not to like?

I’ve never seen 2 women in my entire life more “giddy” over a market that got

creamed lower, than “The Mrs.” & Miss Gimpy on being short Bitcoin today for

most of the day … some great trades from the short side, with the ADP blowout

number providing fuel for the decline … a shipload of trades for “The Syndicate”

in BTCUSDT, and we’re UP APPROXIMATELY 0.9% … not the easiest of days to

make coin from the long side, but as usual the market gave us our opportunities

… 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