Four areas I want to tag today … 1) BTC hits ATH over $61,000+, and PHEMEX
brings spot cash trading in DogeCoin … 2) once again government learns the
hard way in crypto … 3) the MODIFIED TUNNEL TRADING [TT] ALGORITHM
manual adds FX … 4) “Stonks” make so little sense it’s beyond laughable.
So we learn on Friday, the CFTC is picking a fight with Binance, over U.S.
citizens and/or residents trading perpetual crypto futures on their platform, and
of course Binance isn’t “registered” [meaning they pay “shakedown” cash or
Bitcoin to the regulator scum of the earth] with them … and the nervous Nellies
of the world immediately sell crypto across the board, but especially the alt-coins,
\cuz here comes big, bad government to save the shorts … and natch, within
hours, BTCUSD hits an all time high [ATH] of over 61K, as nobody pays attention
to these asshats, just as nobody is paying attention to Nigeria and/or India where
both have actually banned BTC [or are attempting to] for use by the citizenry, and
the citizenry is saying “Fuck You!”, I’m not holding your worthless, corrupt fiat
and sit here watching you corrupt assclowns destroy my wealth … but, why
should anybody be surprised to see the “U.S. of China” go one way, while the
rest of the world goes the other way, when it comes to crypto? … cuz after all, if
your goal is to subjugate, control, confiscate wealth, and turn you into a “Serf”,
you’d do exactly what Preezy Depends & his “Manchurian Candidate” VP are
doing … and of course, having crypto and NOT believing for a second the bullshit
lies of them or the Lounge Lizards over at the FED, and NOT wanting to hold
disappearing wealth in cow chip dollars, their only recourse is to eventually ban
or confiscate your crypto so you can only hold worthless pieces of toilet paper
… and while the “U.S. of China” isn’t quite there yet, give them some more time
and see what happens when Creepy Uncle Joe goes “buh bye” and the true
Communists take over … “can’t happen here” is something somebody says who
doesn’t know, or want to know, world history!
Thanks to all of the people who emailed me and asked for GBPUSD to be included
in the MODIFIED TUNNEL TRADING [TT] ALGORITHM manual … and my thanks to
you goes out cuz it opened my eyes to my own “trading hubris” and bias at the
moment … quite frankly nobody knows what the future holds, and if FX gets
MOAR! volatile, or even comes back to its old self from the 2000 - 2007 period,
before the great ‘08 financial crisis, I really don’t want to be scrambling on the fly
doing the work for my readers while those markets move … the key criteria here
for an FX pair, is the 20 Day Range MA … for dollars pairs, the minimum is 90 PIPS
… if the 20 Day Range MA is below that, there are “greener pastures” to trade, and
so those pairs should be left alone … for non dollar FX crosses, that 20 Day Range
threshold is 150 PIPS … as of Friday 3/12/2021, directly below some of the most
popular pairs.
As you can see, the dollar pairs on the left are all above 90 PIPS, and only the non
dollar cross of GBPNZD is above 150 … on the right all the pairs, dollar and non
\dollar, are below 90 PIPS … you have to evaluate the non dollar crosses with
their respective bid/offer spread and potential slippage as well, so even with
GBPNZD above 150, IMHO it isn’t worth trading cuz the spread is one of the
highest you’ll encounter and slippage can be horrible.
This data will be reproduced in the upcoming manual, which cuz of adding FX is
gonna require another 2 weeks to get finished … it’s a lot of work mi amigos, and
you won’t be disappointed … so again, thanks to all who emailed me!
Looking at NYSE session trading action in “Stonks”, it’s beyond laughable
… FOMO and the assumption that “Stimmy” checks going out now will end up in
“Stonks”, and therefore I’ll buy now to sell to a bigger idiot next week at a higher
price, is what’s going on … sure, and everybody will sell the top, am I right?
… and we all know what this freight train looks like when it derails, so if this
bullshit continues to the upside come Monday’s trade, you’re looking at the next
downside crisis in the making … and while crypto can get ugly as well, there are
more Chumps in “Stonks” than crypto, so it garners more publicity.
Onto the week at hand … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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