What does a “free trading” market looks like when there’s no government
manipulation via scumbag central bankers via their BFF scumbag TBTJ & TBTF
bank LP buds … ho hum, just another day in the bat shit crazy [BSC] paradigm
of Bitcoin trading with a 1 PENNY SPREAD AND NO COMMISSIONS … directly
below, a peek from earlier this morning.
Now, what does a manipulated piece of shit market, like gold for example, looks
like with scumbag bullion dealer manipulation & games as central bankers
[namely the Lounge Lizards at the FED], back them up with unlimited funds
… hold your nose, here we go!
If you can’t see the “bigly & yuge” difference, get your eyes checked … trading in
BTC, nothing but horseshit in gold … that’s gold with a fat spread + SLIPPAGE
ON FILLS + COMMISSIONS … GOOD LUCK!
This really shouldn’t be a mystery to anybody … good old fashioned human
psychology at work in a free market, meaning fear & greed at work in abundance,
and the patterns of behavior replay themselves over and over again throughout
history regardless of the market … quite frankly, what you see in BTC trading
above, was what markets were like before government manipulation starting after
the 2008 financial crisis, that got worse in the Spring of 2012 in the metals market,
and got even worseer-er-er-er in January 2015 with the EURCHF debacle … since
then it gets more overt and easily recognizable ever single frickin’ day … most
notably the “Rally Protection Team” [RPT] at the FED holding down metals prices,
and the “Plunge Protection Team” [PPT] propping “Stock Bellies” … Hell, they
don’t even pretend to give a shit any more!
All anybody has to do is look at the discrepancy between gold and Bitcoin to
notice the huge gap between a “normal” free trading market versus a
manipulated piece of shit … today seeing Bitcoin vault 29K on pure greed &
FOMO, with shiploads of buy stops getting mauled from those who sold the break
earlier in the week … and it’s almost ALL SPECS … Mrs. Watanabe & Gal Pal types
getting destroyed once again with “trend following” indicators and the appropriate
“protective” [Bwahahaha!] stops that automatically come right after the entry fill
… I know it, “whales” know it, now you know it … here’s a piece of advice
… “don’t be on the same team as Mrs. Watanabe & Gal Pals, the Chuckleheads, or
anybody on YouTube predicting where Bitcoin just has to go!”
Quite frankly, if you take the time to read, and understand the alternative algorithm,
and simply follow it or back test it during your trading times where BTC volume
and interest is the highest [Asian session and early U.S. session], or just look at it
today, the signals are there in this market, whether you want to scalp it or day trade
it … makes all other markets look stupid by comparison!
And for newer readers wondering why I can’t trade BTC at a joint like Coinexx for
the PAMM, it’s simple … IQCENT has a 1 penny spread with no commissions
… Coinexx has a $35+ bid / offer spread + SLIPPAGE FROM SCUMBAG LP’S +
COMMISSIONS … WHY THE HELL WOULD ANYBODY IN THEIR RIGHT MIND PAY
A BROKERAGE HOUSE AND/OR LP, THAT KIND OF “VIG”, WHEN YOU CAN
TRADE IT FOR 1 PENNY? … and while they rob you on winners, it’s the losing
trades that hurt the most cuz they add slippage plus the spread … there’s no way
I’m subjecting my clients to this bullshit! … so we have to “bite the bullet” and
trade gold, with all of the warts & blemishes that come with it, and hope we can
get days that aren’t pathetically tight with chop … and it’s even worse in
“Stock Bellies”, crude oil, and/or FX pairs.
With a structure that IQCENT has, I could care less about seeing a bid / offer box
of flowing orders … 90%+ of those are “spoofs” from arbs, that come and go
faster than squirrel farts in the wind … I know that if I’m ready to buy BTCUSDT, I
already have up the market at Phemex and Coinexx up for comparison, so I know
what the computers are seeing for the arbs … I also know that cuz BTC is a totally
free market spanning the entire globe with dozens of decentralized platforms for
trading, and in various forms [BTCUSD, BTCUSDT, etc.], there’s gonna be price
discrepancies that arbs will take advantage of for profit and keep BTC prices
stable within the systems … and just like futures have a “basis”, meaning spot
versus futures price that can go positive or negative, it’s the same with Bitcoin
… some days IQCENTS BTC price will be even with the other prices, some days
lower, and some days slightly higher … that means “KNOW YOUR BASIS FOR
THE DAY!” … AND WHAT CHANGES THE BTC BASIS is simple … greed and fear,
sentiment from one exchange or platform to another … so quite frankly, having a
bid / offer quote box flowing by is a nice touch, but what’s even a nicer touch is 1
PENNY SPREAD WITH NO COMMISSIONS … AND THAT BEATS THE HELL OUTTA
PAYING EITHER HIGH “GAS FEES”, SPREAD, OR BOTH! … especially given the
fact the quote box of bids and offers is mostly “spoofing” anyway from arbs
… basing buy/sells on what you see in the quote box is gonna get you in trouble!
… and I can tell you flat out, when you buy BTC, and 45 seconds later it ain’t
moving like you thought, and it’s up only 85 cents or so from where you bought it,
clicking the liquidate button and getting instantaneous fill with an 84 cent profit,
right before it goes down $50, makes you plenty happy you’re trading with THE
TIGHTEST SPREAD IN THE MARKETPLACE … you can’t do this at any other
house I know of! … and, you can’t do this with gold for the same reasons!
New York hasn’t even opened yet, and if you’re watching paint dry cuz
manipulators won’t let anything move, and they’re chopping the shit out of
anybody & everybody, Bitcoin has already moved $1,100+ from the Asian session,
with plenty of ups/downs that actually signify “trading” … you know, like they used
to do in U.S. markets before the FED became “clearing house central” for the
scumbag bank LP’s that the FED backstops with unlimited money from the
CNTRL-P machine! … you wonder why a place like IQCENT has OVER 1+
MILLION ACTIVE CLIENTS? … sure, there’s plenty of gamblers in the house
playing binary options, but my educated guess is that there’s more than a few
shiploads of folks who are trading crypto pairs day & night … Bitcoin just being
the most obvious.
Turning to today’s roulette wheel inside the U.S. casino, with rumors floating
yesterday of bank troubles all over the place, gold could only rally off its lows
but couldn’t get back over 2K … today the usual manipulation horseshit from
dealers, as the U.S. day kicks off with 5 minutes of downside “Thelma & Louise”
“scumbaggery & fuckery” which takes out 8+ hours of miniscule price rises
… feels like another wall of selling has appeared right over 2K … banks happy to
thwart a rising gold price by being short and backstopped by the FED, raking in
the sell side “vig” while they wait for longs to puke so they can cover
… rinse / repeat, how many times does anybody have to see this before they
realize they’re being played?
If anybody wonders what it was like to be a “floor trader” back in the days of
physical trading pits, I’m telling you it’s as close to what BTC is trading like at
IQCENT, as close as you’re ever going to get! … just like back then only better,
it’s NO COST TRADING the world’s most volatile instrument … love it, hate it, who
cares? … why would you care, it’s blimps on a frickin’ screen that represents
money … oh, not in this game of trading to make money? … Oh, OK … your
psychiatrist just called, your appointment is at 2 PM … don’t be late … oh, and
bring cash! [show me on the doll where Bitcoin hurt you]
And just when you think the FOMO is over, here comes the U.S. traders, panicking
over themselves to buy Bitcoin, and add another $700 - $800 bucks to the price
range today … go ahead, look at the m1, along with the algorithm … oh, but gold
moved 20 cents so there’s that I guess, but then the dealers took it back … BTC
goes $1,000 higher in 36 minutes … ho hum, just another day!
Noon in New York, and it’s hard for me to keep a straight face when commenting
on gold … not gold itself, but gold “trading” … no bigger Ponzi scheme than the
horseshit coming out of LBMA manipulation thieves known as bullion dealers
… trading here a complete joke, and add today to the list of days when gold can’t
do shit but chop around and make dealers rich … I’ll try and be there when it
moves, but trading it with such a high cost plus slippage plus commissions is a
tall order when it ain’t doin’ Mr. Jack “Diddly” Squat … you’d be much better off
playing baccarat at a casino … no trades for the PAMM today, as gold is stuck in
mud and can’t do shit … literally … nothing here but sucker moves for Chumps
… today a nice double reversal to clean both sides of the spec order deck … what
a joke.
Meanwhile, there’s good news for all of the people in “The Syndicate” … drum
roll puleeeeeeeeeze! … I need the Exxon Valdez to put all of the BTC trades I did
today @ IQCENT … fork lifts working overtime and all that … “The Syndicate” UP
APPROXIMATELY 5.8% … and with the conditions we have here for trading BTC,
I’m hoping this becomes the norm … range today in BTC a nice approximate
$2,015, with 1K coming in 36 minutes … part of that move we caught … I’m not
expecting 1K moves that go straight, but BTC is BTC and when SHTF either
up/down, bat shit crazy [BSC] things tend to happen with regularity, especially
when stops are involved and get run … and cuz of all of the Mrs. Watanabe &
Gal Pals, and other assorted lottery ticket players, there’s plenty of stops, plenty
of FOMO, and plenty more of panic … quite frankly, everything a professional
trader could want in a market to treat as his/her own ATM … and that’s what we
got! … heaven knows all of us in “The Syndicate” have been looking for a return
to crypto, but I never thought we’d get it with such perfect trading conditions
… “onto millionairehood!” for participants! … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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