CRYPTO TICKER

powered by Coinlib

Monday, March 18, 2024

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



Sunday, March 17, 2024

SUNDAY UPDATE: THE CRYPTO TRADE HEATS UP

 

“According to Bloomberg, 1500 NEW BTC MILLIONAIRES EACH DAY!!”

Directly below, this week’s 20 Day Range Average [A] & Median [M] values for

our 3 PAMM markets [SP500, BTC, & ETH] … NEXT WEEK SEES GOLD ADDED

[XAUUSD].


click on table to enlarge

Over in “Download Links” is a higher VIX model for ETH, “vegas ETH MAX VIX 1

SUPER SCALPER M1.mq4” … RM = 1 & RM=2 on the m1, and RM=3 & RM=4 on

the m15 … as ETH keeps going higher in price and VIX, I’ll adjust the models

when appropriate.


Got kinda knocked on my ass these last 10 days with “Kidney potassium toxicity”,

so the final version of the algorithm manual isn’t done yet … will work on it this

week … with BTC “halving” coming up on April 14, the swirl around ETH ETFs,

and news of the Dencum launch, there’s plenty to keep ETH hopping going

forward … I think the “FOMO at any price” moonshot phase has run its course,

and the last 2 days, although down, are showing much better trade conditions for

scalping and day trading … I see no reason for it to stop anytime soon … onto the

week!


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

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


-vegas




Friday, March 15, 2024

A WEEK IN HELL

 

“Hurry up & fix him up! … he’s the guy that writes the checks!!”

Woke up in the wee hours of last Thursday, and I thought I was having a heart

attack … couldn’t breathe, couldn’t catch my breath and I’m just laying there

… stood up out of bed to get some cold water from the kitchen, and all I

remember from then is heading towards the ground … “The Mrs.” calls 911, the

ambulance comes, I hit the emergency room, and I’m in “la-la land” … my pulse

rate on the way to the emergency room is 21, my blood pressure is 60/40

… within a few minutes they got my pulse up over 40 and while it’s stabilizing,

they’re taking blood samples for analysis.


Wasn’t no heart attack, I’m told about 2 hours later  … ready for this? … I had

“Kidney potassium toxicity!”, where my kidneys just decided on their own to

shut down, which trigger my lungs to shut down, which in turn caused my

heart to say, “Fine, if you ain’t working, why should we?” … blood analysis

levels for potassium should be between 2.5 and 3.5 … my first blood sample

analysis came back with a reading of 6.3 … “Well there ya go, looks like I have

to now give up chewing on potassium sticks … amirite or amirite?”


So while medicines are lowering those nasty potassium levels, everybody

thought it would be a great time to check everything else in my body … and

every guy out there knows what this means! … cuz if your over age 30, you

need your prostrate gland handled, fondled, squeezed, and generally played

with … 2 lovely lady doctors checking me twice each, and my only shock is

they didn’t invite the entire fucking island over for a “test drive” … so the good

news is everything in my body is fine … you could just see the disappointment

on some of their faces they couldn’t keep me prisoner for another day … what

should have been a 3 or 4 day hospital stay ended up being 7 days.


Back to trading … blog update on Sunday, with some thoughts on ETH & BTC,

and trading resumes Sunday night for the week … OUTTA HERE … “The future’s

so bright I need 2 pairs of sunglasses 😎😎, and my own Brinks armored

truck” 💓!! … Onward & Upward!!


-vegas



Sunday, March 10, 2024

SUNDAY UPDATE

 MEDICAL EMERGENCY hit me Thursday morning very early. I'm fine, no worries. Be back ASAP!!

-vegas

Wednesday, March 6, 2024

LIFE IN THE CRYPTO NUTHOUSE

 

“We’re all Chimps just chasing ENDLESSLY REPEATING chart patterns!!”

Yes, that seems “normal” doesn’t it? … after getting monkey hammered into

oblivion late yesterday afternoon, both ETH & BTC go orbital in the Asian and

early European session, and I hit my screen this AM, and ETH has already got

an approximate $470 range … sure, perfectly normal in the nuthouse located

in “The Twilight Zone” … worse for BTC, where I don’t have a clue how anybody

mitigates risk exposure in a market that goes up/down at the speed of light

… get on the wrong side of this trade, and the HFT LP will skewer you worse

than shishkabob at a barbecue. Normal models of volatility “off the charts”,

especially the m15, where RM=4 isn’t holding anything … these are dangerous

markets!


RM = 3 & RM=4 HOLDING SUPPORT AND RESISTANCE ON THE M1, reflecting

the highest volatilities we’ve ever seen in ETH … bid/offer spread is all over the

place, so you can’t buy up spikes and expect any decent fill … today starts the

same as every other day in recent memory, with Asia & Europe blowing it up,

and then NY in an “extend & pretend” keep the gains while setting off sell stops

and then rinse & repeat … we have yet to see Asia and/or Europe maul the shit

out of crypto and then for the NY session to bring it back up … how likely is

this to continue?


Well here we are with this massive “bigly & yuge” range and the criminal,

money laundering NYSE open about to commence, and the last 4 hours in

ETH a complete chopfest bag of shit, giving new meaning to the “Flying Wedge

of Death” [FWD] yo-yo from Hell … typical … the “extend & pretend” starting

early today … seriously, what’s left? … maybe we get some movement maybe

we don’t, but history isn’t kind when shit like this happens, and we got a

“Twilight Zone” range for the day and the day hasn’t even started!


In this month-long runup in price, we’ve yet to see Asia & Europe go lower and

then have positive flows in NY, with both the m15 and m1 going higher,

WITHOUT the range already being blown to shit earlier in the day … we’ve

gotten some FOMO flows to be sure, but in order for those to work profitably,

you better see action heretofore unseen in markets … and of course, that’s what

we’ve seen! … but for how long? … you keep buying FOMO, and when it burns

out you’re screwed … remember, EVERYTHING has to happen at some point,

but that doesn’t mean it’s the optimal way to trade … hang your hat on

consistency, not wishful thinking that may or may not ever happen in your

lifetime … how do you make a living from that?


The upshot from this setup scenario that we’ve seen lately is not optimal … from

a scalping perspective, it means the m15 is spending way too much time in

negative price slope for the session I’m trading [NYSE], and that usually means

rough and quick m1’s up followed by nasty ass downdrafts … flip that around

and I’ll do larger volumes cuz the “wind” is at our backs for the trade, but I’m

not about to get blindsided by killer m1’s going deep red and forcing me to sell

a “Thelma & Louise” trip down … you wanna see slippage? … trust me, there’ll

be slippage that will choke a horse!


Only one PAMM trade today in ETH … every day waking up and seeing price

already having exploded higher in Asia or early Europe is bullshit … WE’RE UP

SLIGHTLY … ONTO TOMORROW. 


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

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


-vegas





Tuesday, March 5, 2024

NOTHING BLINDS LIKE PSYCHOPATHIC ASSET BUBBLES

 

“The current state of BTC & ETH!!”

With government sprinkled “Holy water”, let’s grow all of the asset bubbles! … as

I said yesterday, it’s the only way out of the economic mess they themselves

created … instead of fiat to zero and then pay it back, it’s just the reverse

… grow the bubbles so that debt looks cheap to buy back … and here we go!

… so far early today, BTC looks to take out 70K, something a month ago would

have seemed like “crazy talk” … ETH looking to vault 4K, and the “buy early”

crowd cuz ETH doesn’t have ETFs yet [maybe Summer, maybe not, who

knows?] … all systems are “GO!” to grow the bubbles … those with assets

benefit, those that work for a living don’t … nothing new there in the FUBAR

Banana Republic world.


With another $150+ blast higher overnight in ETH, just another day coming up

in NY, where we can sit and do absolutely NADA in terms of trading action

[maybe] … although it’s early yet, market acts like it will never go lower again

… and the higher it goes, the more money that gets thrown at it … human

psychology dictates this won’t end well.


I find it fascinating that both gold and the “Stock Bellies” are acting as badly in

terms of trading action as they are, given their respective price levels … both

stink to high heaven … ETH is about 50% higher than gold, has a comparable

bid/offer spread [gold about 35 - 40 cents, and ETH less than 50 cents most of

the time], and HAS ABOUT 4X HIGHER RANGE AND MEDIAN THAN GOLD, AND

TRADES 24/7/365, and is not manipulated by the COMEX / LBMA / FED / BIS

Corruptocrat cartel … and most days gold is dead … like it or not, and most

don’t, ETH BEATS THE HELL OUT OF GOLD AS A TRADING VEHICLE HANDS

DOWN! … ‘Stock Bellies” [any of ‘em] can’t even move 1% of notional value

they’re so manipulated … they’ll grow as bubbles cuz the FED wants them to,

but what you can’t control will grow exponentially faster and go farther!


Going forward into 2024 and beyond, it’s gonna be a constant battle of human

psychology [GREED & FEAR] versus the unspoken desire of “grow the bubble”

as fast as humanly possible, and I wouldn’t be surprised at all if central banks

are also buying Bitcoin & Ethereum with both hands [Shhhhhh, don’t tell

anybody!] … after all, they got fiat to pay back somehow, so why not pay it back

when BTC is at $10 million per 1 BTC and/or gold at $50K per OZ.? … and in

addition to that, all their Bud Elites will get richer in the process … what’s not

to like? … except for the working poor, of course, but who in government

gives a fuck about that? … while they make Billions, they know Sheeple can

be bought for pennies on an EBT card.


Into the NYSE day, and everything is blowing up … BTC hitting a new ATH, and

right along with it higher spread and of course slippage will be horrific on fills

… gold and “Spoos” in their respective “extend & pretend” market [cough,

bullshit, cough] hoopla, with neither doing much of anything now that NY is in

session … blow the bubbles up, protect them in New York, then blow ‘em up

some more … get the ChiComs to help of course, and what’s not to like here?

… with the implicit “open secret” of government blowing asset bubbles to

infinity [they got no alternative], no telling how high FOMO can go before it all

crashes & burns … we’ve never ever seen this before, so who knows? … what

do “billions” even mean any longer?


I’m replacing BTC with XAUUSD [spot gold] for PAMM trading … BTC at Coinexx

is simply not worth the effort, as the spread blows out too often [today sees at

times $50 - $100], and slippage is horrific [add another $100 … WTF!] … right

now ETH is better than gold for trading, but how long that lasts is anybody’s

guess … with a new ATH in gold WITHOUT a drop in rates, and in fact rate CUT

expectations have done nothing but come down over the last 2 months, and the

Uniparty doing their best to print fiat and depreciate the dollar, gold might have

a shot at trading better going forward … we need better ranges & medians for

sure, so we’ll see … the gold “vegas mq4 code” is over in “Download Links”

… currently RM= 3 & 4 on the m15, and RM=1 & 2 on the m1 … not saying I’ll

trade gold every day, but it’s on the list to be looked at when I come in for the

start of my day … right now, ETH is first, gold would be second, and bringing

up the rear with what can only be described as pathetic, is the “Spoos”.


And suddenly, markets get heartburn an hour before lunchtime EST … and

wasn’t that fast? … sell stops unmercifully butchered … no matter say

HODL-ing longs, “tis a mere scratch!” … and with this blunt instrument trauma

to the head, I’d be somewhat surprised NOT to see lower prints tomorrow for

BTC & ETH … even with this sell off, ETH up 7 trading days in a row, and a

stunning 18 out of 21 trading days approximating $1,500 in gains from bottom

to top … trees only grow to the sky in fairy tales, and while there’s most likely

a Helluva long way to go before we reach any kind of big blowout historic high,

FEAR & GREED [as mentioned before] have to be considered along the way

… bigger money needs to buy at lower price, and retail specs ALWAYS fill the

bill … always have, always will!


Now into the NY afternoon, and unless we get another tsunami wave of selling

later towards the close, as things now stand, BTC with about a 10% move low

to high, ETH about 8%, gold about 1.5%, and “Spoos” a hair over 1% … for you

Biden voters, considering spread and minimal slippage, that makes ETH the

clear winning market for trading action … the one disadvantage is the low

leverage versus gold & “Spoos”, but hey nothing is perfect now is it?

… multiple trades for the PAMM today in ETH, and for a while it looked like

just another day of bullshit one-way action, but corrective activity came along

and WE’RE UP SLIGHTLY … made back all of the loss from the BTC clusterfark

fills on Friday, plus some, so we’re up for the month going forward … hopefully

with some “profit taking” [thank you Bob Pisani, CNBC perma bull hack], the

rest of the week will give us better opportunities than what we’ve seen recently

… 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