Nothing new here really, as we all know LP’s are nothing but thieves … Turnkey’s,
though, take the proverbial cake … after playing nice for a few weeks as they
came on board around December 1 with excellent bid/offer spreads, they’ve
morphed into some of the worst spreads on the planet … today’s rather dull
session in crypto still sees a BTC spread at $30 - $70+, & ETH between $3 - $5
… and while BTC at around $30 is acceptable [not nearly ideal], having it jump all
over the place between $30 & $70 is bullshit, cuz once you click the button your
fill is gonna be at the high offer when buying, and the low bid when selling, and
you’re more than likely to see the “mystery tick” than not … and so, I feel like
they’ve “baited & switched” us into first believing they were competitive, when in
fact they actually have had no intention of providing first rate crypto trading
conditions … today simply embarrassing, offering spread rates at levels that
would make Vito Corleone blush.
Gold on the other hand, seeing the moronic “Chuckleheads” buying with
abandon in the Asian session, only to see new lows once in the U.S. session on
some crypto weakness, and then back to the middle … and today ends up a
“doji” [so far] on the daily charts, with lackluster action once the money
disappeared down the rathole … thanks “Chuckleheads”, you did it again with
FUBAR trading tactics, and in the process made the day a worthless bag of
chop.
We spent part of the trading day, from the European open with BTC trying to
behave, and if Turnkey could keep the stupid spread at $30 or lower, given the
volatility I could trade it … but no, can’t do that cuz there’s too much grifting
going on and money to steal with crypto madness … and there’s no way in hell
I’m paying $50 or $70 to trade BTC … screw that, we’re not here to hand these
assclowns money for nothing … be competitive or fucking go home! … and as
bad as BTC can get, their efforts in ETH are simply pathetic, wanting upwards
of $5 per ETH … yea, good luck with that when most of the crypto world is
paying between $0.70 - $1.25 right now to trade ETH … no bigee, just 400% over
everybody else is all, but I’m not supposed to think about that.
So, tried to trade BTC, but couldn’t, and gold never got into buy territory the
entire day from the European open … so, no trades in anything for the Turnkey
PAMM / MAM … and over at PHEMEX, some trades where we’re UP
FRACTIONALLY for “The Syndicate” … very tough conditions in crypto today,
with lots of very quick moves and plenty of moving sideways before the next
mini explosion … hopefully better tomorrow.
Outta here early today … I’m full steam ahead! … Onward & Upward!!
-vegas
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