With the day already more than half over, looking across the spectrum of the
trading world, it truly is “Bizarro World”, and George Costanza is right on the
money … it’s like you know you’re in a dream but can’t get out of it, no matter
what you do … the manipulations so bizarre, so brazen, so out in the open, and
yet nobody cares … to wit, EURUSD can’t even muster but a 30 PIP range, along
with an IVIX INDEX level that’s so pathetic, it needs to rally just to get to 20!
… meanwhile, Bitcoin hums along in the 130 - 200 zone, and it seems “dull” given
what we’ve seen in the last month or so … “oh, and that Thanksgiving drop,
driven by some “whales”, where BTC got “whacked” by 3K, is now about
60% - 70% higher in 4 days of almost straight up buying … where’s the test of the
lows”? … and while every Bitcoin hater in the world was out over the Holiday
weekend proclaiming “fraud, scam, worth ZERO, etc.”, it’s worth noting these
same people got no problem with central bank manipulation of everything else
that is 100X worse in suppressing volatility into the dust in their efforts to control
the financial narrative … cuz what’s REALLY eating them up is 1) they missed out,
2) BTC can’t be manipulated or controlled by their Stalinist Buds in government,
and 3) they’re too fucking dumb, stuck inside their own paradigm of life where
everything makes sense … NEWS FLASH SKIPPY: “Nothing makes sense as the
world burns down”!
There are very few things that are absolutely certain in this world, with 100%
probability … 1) government fucking up everything it touches, and 2) death
… other than that, we climb right into the probability normal distribution curve
… and right now, we’re spending just about ALL of market trading time OUTSIDE
of 3 𝞼 [sigma, or standard deviations] … it’s either “bat shit crazy” or it’s D.E.A.D.
… neither is particularly attractive from a trading perspective, but it’s all we got,
so there’s no escaping the reality of “Bizarro World”.
Welp! … well that was certainly quick … BTC now back above 19,300 as I write
and climbing, having erased all of the Thanksgiving massacre that wiped out a
whole shipload of longs … now what? … well, one thing is for certain, and that’s
IVIX has gone completely insane … now hovering around 500, if you’re looking to
make a market in this, don’t! … I said the other day, and I will repeat, this kind of
volatility that we’ve seen the last month is not what “The Syndicate” trading
algorithm is premised upon, and quite frankly I dunno if this is simply an
aberration, or if this kind of insanity is now the “norm” … practically every single
day we’ve seen $1,000+ 24 hour ranges in BTC, and given that environment I
don’t know how anybody can “make a market” when it can move against you
$200 in 1 - 3 minutes, only to rebound and go $400 the next 5 minutes.
The “basis” has gone “loopy” as well, with a reading on Thursday of $-40+ and
now at $+20, and over the last month I’ve seen it at $-50+ to as much as +$100
… these kinds of swings in sentiment are literally insane … meanwhile EURUSD
dies in its own sweat … quite frankly, the world is telling you Bitcoin haters to
shove it, we’ll take scarcity over fiat any day cuz the CNTRL-P machines go
“Brrrrrrrrrrr” 24/7/365 at a record pace … there just isn’t any other market that
compares in the history of trading to that of the crypto pairs, especially Bitcoin,
and I have no idea [and neither does anybody else] just how “crazy” this shit can
get … what if we’re simply in the eye of the CAT 6 HURRICANE? … right now as I
write, BTC is going up/down with M1 ranges exceeding $50+ and it’s as chaotic
as I’ve ever seen a market get … and the amazing thing is, it’s consistently been
like this for about a month now with very little respite from excessive volatility.
Trading EURUSD with a 30-ish PIP range? … do you have any idea how “f-ing”
ludicrous this actually is? … talk about a “bank meat grinder” for specs, it’s a
“death trap” for those dumb enough to think this is anything but order flow
driven banks fading your MT4 or MT5 buy/sell signals for measly PIPS … they win,
you lose … and from their perspective, what’s wrong with that, it’s the normal
course of things? … at some point of course, what’s gonna happen, is that IVIX
INDEX will literally explode from below 20 to about 110 within 15 minutes, and
even if you had some dinky profits, they’ll be gone when volatility explodes
… and again, that’s the “game” the manipulators are playing on you, cuz quite
frankly they know you’re all a bunch of “Pavlovian Dogs” waiting to be led over
the cliff by the elusive “MOMO” that they’re fading … and it’s why you simply
cannot be sucked into extremely low range days [unless of course you like
losses] … EURUSD now trying so hard to bust 1.20 on the upside, looking for
buy stops to save the longs … maybe they get ‘em maybe they don’t, who
cares? … who do you think is going to be selling the buy stops, and if you’re
competing with the scumbag banks to get a decent sell fill, I wish you luck, cuz
your limit sell is simply an MIT order [Market If touched] that is gonna get
butchered like a hog! … and don’t look now, but that’s exactly what happened as
we just hit 1.19918 for a high on buy stops, and within the minute it’s 4+ PIPS
lower from that high … nothing like honest & fair markets with complete
transparency, right? … this is embarrassing.
Over in crypto, BTC trying to vault back above 19,000 again, now only a few
hundred bucks shy of that mark … that shellacking on Thanksgiving Holiday,
only taking out the “Johnny-Come-Latelys” on sell stops, cuz there has been
ZERO interest in taking BTC lower in the last 4 days … quite frankly, this
mornings price is in what I’d call the “Danger Zone” … get to giddy about 19K
being vaulted again and sentiment could change quickly to the downside … sell
it here and get sloppy thinkin’ it just has to go down after that Holiday “Thelma &
Louise”, and volatility to the upside could go out of control and bust your ass
“bigly & yuge” … in other words, a dangerous area for BTC price to be in right
now as I write.
The fun never stops in BTC, now coming within a couple dollars of 20K … and
yes Skippy, we are now at “peak stupid” … 2 things of note … 1) the basis is
now trading +$50 - $100, which is totally nuts, and 2) the IVIX INDEX level is
somewhere around 800 - 850 … and remember, anything over 150 presents
problems … “Houston, we have a problem”! … and as if I’m writing the script
myself, BTC breaks $770 in 19 minutes … OK … meanwhile, as the London Fix
comes and goes and Europe closes for the day, an embarrassing display today
of bank manipulation of EURUSD around the 1.20 level, where stops have been
run and then crushed by the scumbag LP banks a number of times … ho hum,
just another day of thieving! … “and oh looky here, EURUSD gets blasted to a new
low for the day exactly 43 minutes after vaulting 1.20, and with the London Fix out
of the way and Europe closed, leave it up to the virus scum on Wall Street to make
it happen … and we were going along so well, and then the rug gets pulled out
from underneath the pair … this is what happens when there is no volatility &
ranges are tiny, so embrace the suck and know the pattern of how the banks steal
& manipulate you! … come tonight, no doubt the “Chuckleheads” will have
something wrong to say about all of this, along with BTC where you can almost
make “sure thing” book they’ll take BTC above 20K, if it’s not done beforehand.
One market can’t move worth shit, and the other can’t fucking slow down to save
its life … what a dichotomy presented before me … I didn’t do any trades in
anything today … BTCUSD won’t break and has been straight up since
Thursday’s bloodbath, and EURUSD can’t move worth shit to make a difference
& algorithm parameters are all right on top of each other, meaning the usual
suspects are manipulating the shit out of it for the ECB … and if somehow specs
do get it over 1.20, expect some ECB Apparatchik to be sent out post haste to
“tell” markets it doesn’t like that rate and look out below as the scumbag banks
will clean your clock on the sell stops just waiting to be hit off sometime later
this week … this is what’s referred to now as “honest markets” in the era of
central bank manipulation … “just look at the difference between traditional FX
and Bitcoin, and the way they trade … one free the other manipulated as all hell
getting hot! … and now a $770 break off the panic top in BTC in less than
19 minutes, pretty much all straight down … sure, just get an average and you’ll
be OK … NOT! … FUBAR, FUBAR EVERYWHERE”!
I don’t know whether I need a bottle of tequila for BTC, or a sleeping pill for
EURUSD? … the dog says do both [of course he does!] … in any event outta
here … until tomorrow … Onward & Upward!!
-vegas
