Oh, I’m sure Sheeple are jumping for joy over the $600 your “betters” have
decided to bestow upon you, while corporate fat cats get billions … if this
doesn’t make you see how unimportant you are, than nothing ever will … quite
frankly, this is a slap in your face!
Crypto again doing NADA in the Asian session again last night … are the casinos
running Holiday specials, or did the “Chuckleheads” just temporarily run out of
money? … the alt-coins going bananas lately, having 10% - 20%+ daily moves,
and it’s getting out of control in coins like XRPUSD [Ripple], where yesterday the
do nothing, porn watching, useless SEC slapped Ripple with a lawsuit over
illegally selling Ripple coins … allegedly of course! … price goes bonkers to the
downside, and if you think you can “make a market” in this you’re nuts … price
moving faster than Bitcoin, and burying people in the process … yea, you can
still trade it, but not if you’re paying “full boat” taker fees of anything OVER 0.05%,
and you have a tight spread … about a 99.99% probability you have to go
“market” in order to get filled, otherwise you’re left standing at the train station
while the conductor waves at you and says, “Buh Bye”!
BTCUSD behaving better today, but the nature of the beast when trading it is to
watch carefully the bid/offer spread … as we’ve seen lately [last weeks], the
spread can move from $2 at Turnkey, to $200+ in seconds, and often goes up/down
by $20 - $30 without notice or reason … if you have to, pass on the trade if the
spread balloons, there will be more I can assure you … get a “$25 surprise bullshit
fill” and it moves the other way, and it will hurt.
For those still not convinced Bitcoin is the future, directly below a short YouTube
vid from Guy @ coinbureau.com … it’s about 24 minutes in length, and I find it
educational, instructional, and what he has to say mirrors what I’ve been saying
for months/years … it’s a good vid, and he has a very good channel on crypto
topics … subscribe and stay focused!
https://www.youtube.com/watch?v=o6xIEYlAK6U
No trading today for “The Syndicate”, as Ripple is so FUBAR with negative news,
and it’s trading wildly so there’s ZERO chance of making a market in it
… definitely need to see the dust settle first.
Algorithm trade signals in BTCUSD today … TURNKEY PAMM / MAM UP
SLIGHTLY.
Tomorrow looks to be the “mover & shaker” day of the week, and with negative
news in the crypto space via Ripple, today isn’t the day to hike volumes … really
only one good algo signal, and that didn’t amount to much … most of the day a
complete clusterfark of rocket up versus crash & burn, then very quickly widen
the spread for a hit the other way … from where I’m sittin’, tomorrow appears to
be a day where this most recent consolidation in price will see more directional
movement … and I wouldn’t be surprised to see some kind of “melt-up” into year
end next week … “how does the $30K handle sound for a year end close!?”
… outta here, hosting a pool party later … onto tomorrow … I’m full steam ahead!
… Onward & Upward!!
-vegas
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