I can’t ever recall markets as a whole being this bad in terms of trading action,
ranges, and overall daily and/or session VIX … summer of 1992 comes to mind
as the world stopped for the Bush / Clinton / Perot clusterfark, and then in
October of that year everything literally exploded as the Brits decided not to
join the E.U. and keep the Pound … Spicoli yesterday threw cold water all over
rate cuts, as he goes back & forth fucking markets at will to keep the “bubble
markets” [a/k/a “Stock Bellies] basically unchanged to slightly higher for his
masters the Rothchild's banking group [which by the way, owns the FED].
Now today another “hurry up & wait” for tomorrow’s NFP Idiocy, where more made
up numbers will move markets for 2 minutes before dying … and I can’t help but
wonder, if the ETF’s in Bitcoin won’t be more of the “tail wagging the dog” as we
go forward, and we get less and less of an independent moving Bitcoin price, and
more of mainstream manipulation from the institutions fucking around with the
ETF’s? … kind of like how GLD messes with the gold price when the FED gets the
manipulative hair up their ass and borrows gold to sell and crush the price … will
this happen in the crypto ETFs? … my guess is it will.
I have to assume going forward into 2024, that conditions in crypto will stay
muted and that BTC pricing will be as erratic as the weather … some days great,
but most likely are gonna be pure shit … and given that, it makes more sense to
trade Ethereum [ETHUSDT] than BTC, simply cuz the pricing is better with lower
spreads … today a great example of that, as ETH spreads go into the pennies
range [$0.06 - $0.20] while BTC stays at $25 - $35 … sure, ETH could use better
ranges as 5 of the last 7 days have been crap, but so has BTC so it’s not as if
ETH traders are getting penalized at the expense of BTC, now are they?
Another low volume, do nothing day in crypto with subpar ranges and VIX
… ETH about a $30 range for its multi hour effort, although it took a few trips
back & forth to get the dreaded “Flying Wedge of Death” [FWD] yo-yo from Hell
horseshit … I doubt seriously any NFP bullshit is gonna light the fire tomorrow,
but we’ll see … 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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