“Umm, did I ask for ranges & trading action to be this dead in BTCUSD? … we
haven’t seen this since Summer, where today’s action in BTC resembles corn
spreads … well not really, it just feels that way … ditto in XRPUSD … and what
makes this somewhat surprising is the action over the weekend, where
Saturday’s have lately become “bat shit crazy”, only to see Sunday die down
and then Monday become nothing resembling Saturday in any way whatsoever.
So here we are, looking for price violence and ending up with price insomnia
… neither pair can make up its mind to go up/down, and just to show how stupid
this has become today, during a 15 minute stretch earlier in BTC, algorithm
signal parameters gave me 7 buys / 7 sells, and it was tough to even see the
parameters on the M1 chart cuz they were on top of each other … with only
about a 200 point range over the entire time I’ve been awake today & watching
BTC, from the median it hasn’t even gone but 100 points inside a “Flying Wedge
of Death” [FWD] oscillating like a yo-yo … and near the tips, the spread widens
as the HFT LP’s take protection against stops on either side, making this a
nightmare to trade in very choppy conditions … ditto again with XRPUSD.
So, not much to do today but wait for the violence that’s sure to come … just not
today it seems … no trades today in anything … we’ll see what tomorrow brings.
Outta here! … I’m full steam ahead! … Onward & Upward!!
-vegas
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