I didn’t see yesterday’s “Thelma & Louise” horror show in crypto, that came in the
last hour of “Stonks” trading … it should be clear to anyone, though, that using
actual, physically placed stops in crypto, is a “death wish” … worse than gold &
silver by far, all they will guarantee is a fill at the eventual bottom or very near it
… and this is exactly what I was talkin’ about yesterday, before events unfolded,
when anything goes “parabolic” … and all the signs were there from a FOMO
public in ETHUSD, and it wasn’t a question of “IF”, but only a question of “WHEN”.
I don’t know where the spreads were at Turnkey when this happened, but I imagine
they were horrific … BTC would have been the only market that could have been
traded, the rest a joke … welcome to the “new normal”, where the entire world
has been turned into a flaming casino roller coaster ride … don’t blame crypto, it’s
simply the manifestation of people’s reactions to wanting to preserve wealth by
fleeing fiat, and all the government corruption that goes with it … lay the blame
where it needs to, and that’s right at the feet of central banks and their BFF
scum LP banks!
Today’s trading action in crypto about as bad as I’ve seen it lately … BTC stuck
in a “Flying Wedge of Death” [FWD] for the last 10 - 12 trading days, where
getting price above 59K or below 55K has been tough sledding … and then it’s
the rapid “speed of light” as somebody panics … today, though, seeing only about
a $1500 range for the last 10 - 12 hours, and one thing that has happened is that
BTC is no longer leading the crypto charge … that’s been passed onto ETHUSD
… BTC reacts now to ETH, where for years it’s been the other way around.
No trades today for the TURNKEY PAMM.
BTC the only pair we can trade cuz of bid / offer spread “thieving” by Turnkey’s
LP in the other crypto pairs, and today sees low volumes via quick moves, where
no algorithm signals are given … and as I have said before, if the chop bullshit
shows up, the algorithm most likely will not give buy signals, as the parameters
will not be able to “sync” with each other to generate a signal … and when that
happens, you might as well be flipping a coin cuz some will work and others
won’t, and who needs an algorithm for that?
Outside of the time around Easter, this stretch of the last couple of weeks has
seen the worst trading action of the year for BTC … and today wins the prize for
“worst”, as not only is the daily range lousy, but since I came into trade today
the FWD has shrunk even farther … all I’ve seen today are quick stop hunts
followed by reverse price action, most based probably on the further FOMO for
ETHBTC … and the flow of money just keeps coming!
Over at PHEMEX, trading in ETHUSDT for “The Syndicate”, multiple algorithm
buy signals today, and we’re UP APPROXIMATELY 0.37%
And if you’re wondering why I’m not trading ETH for the PAMM, it’s an easy
equation … my spread at PHEMEX is usually between $1.50 - $2.00, no matter
how “bat shit crazy” trading action gets, and I PAY ZERO FEES … the ETH spread
today at Turnkey is running $5 - $10+, depending on how badly the LP feels the
need for greed … for you Obama & JoeMala voters, no need to go run for a
government calculator, I’ll do the tough math myself and end the suspense for
you [I took higher math before it became “racy-ist!], it’s ripoff trading at Turnkey
… maybe they get their shit together in the days ahead and maybe they don’t
… who knows? … “yea, I’d love to trade ETH at Turnkey, but the spread is
ridiculous and I’m not throwing money away to a bunch of thieving crooks … give
me honest & fair, like BTC now, and I’m there trading it … keep the spread at Vito
Corleone levels and I’m gone"! … and quite frankly, they don’t seem to care much
… so, BTC it is until they change … meanwhile, trading spot at PHEMEX gets
every participant in “The Syndicate” to “millionaire-hood” in the next 4 years or
so … and remember, as weeks go by, those gains represent bigger dollar totals,
so a gain of 0.25% now isn’t the same as 0.25% 6 months from now … and it
doesn’t take long before each day makes you more money than your initial
deposit! … so, that’s why spreads + commish MATTER!
… outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment