Idiocy and/or stupidity knows no bounds in humans, especially those that trade
… today sees bid/offer spreads in crypto explode to absurd levels, making only
a few acceptable to trade … forget making a market, that’s so 2020-ish … now it’s
the house of horrors, as alt-coin prices fluctuate, in some cases, above 50%+ of
the coins value in less than a day … Bitcoin seems tame by comparison … and
the money flows are staggering looking at the “open order book” platform.
Meanwhile, while the CNTRL-P machines go “Brrrrrrrrrrrrrr” at every central bank
in the world, pouring multiple trillions per WEEK into a corrupt system run by
global elitists, the manipulated markets on the MT4 / MT5 seem dead by
comparison to crypto … it’s the “same old shit, different day” syndrome in
“Stock Bellies”, metals, & FX … politely “Pump”, then “Dump”, rinse & repeat,
thanks again for playing, come back soon! … and yet somehow, there’s no
shortage of Chumps lining up at the door everyday, and in essence playing the
lottery … quite frankly, I’ve never seen so many dopes in my life try and explain
market movements lately, without twisting themselves into a pretzel stick … of
course it makes no sense, it’s manipulated.
Suddenly financial markets are “spooked” by higher interest rates? … to that point,
I’d add the “no worries” label, cuz with untold multiple trillions gonna be printed by
the FED for Creepy Uncle Joe and his Commierat sidekick, the FED [along with
others] are going to be exponentially expanding the balance sheet to soak up the
debt, and will try and do their best to manipulate yields lower … real rates are still
negative, and I’ll stick with my forecast of NIRP in the U.S. sometime before 2024
… that’s the year ALL BORROWINGS by the “U.S. of China” will go towards
interest rate payments … unless of course if math is “racy-ist” and can be
somehow overturned by the SJW socialists … don’t count on it!
And just like that, Bitcoin loses 10k and the other alt-coins are down over 25%+
across the board … about frickin’ time … do trees grow to the sky? … when the
kid bagging your groceries is talking about Bitcoin when shopping, you know it’s
at least near a short term top … “Stock Bellies” & metals today doing their best
impression of real markets, and it’s the usual “Flying Wedge of Death” [FWD]
that shows up … why should today be any different than the rest of the
manipulative days? … with inflation kicking in “bigly & yuge”, projections of
national debt over the next 2 years projected at $7 trillion, and a true shortage of
physical metal, you’d think gold & silver could manage a nice run higher … NOPE!
… just more of the same “Comex Con Game” that always get played on specs.
No trades today for “The Syndicate” over at PHEMEX … even as I got up around
4 AM EST, crypto was already riding wild, and most of the bid/offer spreads were
blown to hell … ADAUSD [Cardano] was the only pair even worth looking at, the
rest a joke, headlined by BTC, where even at PHEMEX the spread was easily over
$100 a great deal of the time during the day … Turnkey of course far worse … I’m
hoping this isn’t a new paradigm we’re seeing in these crypto pairs, where most
days see huge and wide spreads.
Over at Turnkey, looking at the “Stock Bellies” this morning, the NDX100 looked
to have the best chart setup, so I went with the algo signals in that instead of the
DOW30 … TURNKEY PAMM / MAM UP SLIGHTLY TODAY.
Quite frankly, nothing in the news is positive for the entire “Stock Bellies” arena
… however, with the “Plunge Protection Team” [PPT] always hanging around,
it’s usually account suicide to systematically short any of the U.S. indices … and
with the FWD showing up today, it’s been a tough day to see anything sustain
itself going higher … and even with all of the bad news out there, indices aren’t
exactly breaking “hot & heavy”, and its made for a very choppy session in terms
of price trading action … some wicked spikes from hell [up & down] that go
nowhere and chop people the hell up.
Overall, I’m extremely happy with the way the trading algorithm is modeling
markets, both crypto, the metals & “Stonks” … my leverage has been extremely
low of late, reflecting sizeable risk, and over the last couple of weeks the
reward / risk ratio has been terrible … there are signals I’m passing on, simply cuz
of the risks involved with stop orders, especially in crypto and “Stonks”, cuz if
you get caught in this shit the wrong way, the probability is high the
“loser formation” jumps in and you’re toast for the day … there’s “MOMO” in
short bursts, but looking for trends that last longer than about 2 minutes is getting
tougher by the day/week/ month … I have no idea how those attempting to
position trade over days and weeks in anything are making any money, while
carrying sizeable risk well in excess of any reward … it seems to me like
“Mission Impossible”.
… outta here a hair early … until tomorrow … “the future’s so bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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