The scumbags on Wall Street today front running the ETFs in BTC, and by
extension trading in ETH, right before cash trading starts … Whoops!,
somebody played ‘em! … a big fat price spike right into the NYSE open, and
at the opening bell it’s “Thelma & Louise” right from the get go … seems
those buy orders weren’t there to screw were they? … my my, look at all the
glum faces on the JPM trader desks!
Directly below, are 2 screenshots of the m15 on the left and the m1 on the right
of ETHUSD … the first is from before the NYSE open and the m15 has a white up
slope … the second is from the NYSE open at 16:30 server time, and stays hot
pink [down slope] … for a long position, we want the white to match with both
the m1 & m15, and in addition, we want the simple MACD histogram on the m1
[fast 8 period, slow 15 period, SMA not needed] to be at or ABOVE the yellow 0
level … changes in color precipitate trades and liquidations … and if you want
to trade from the short side, it’s just the opposite … I would advise against this,
as we’re in an environment of rising price … FED interest hike cycles could
potentially shift trading to the short side … but hey, I’m not your MOM, so if
you want to short the beast go ahead … ditto with BTC as well.
The news flow today not good for crypto, as BTC is in the spotlight with the
SEC hounding Coinbase over staking securitization bullshit … it’s always
something with these assholes in their quest to destroy crypto in the Banana
Republic, as the rest of the world goes forward with more and more adoption
and innovation … why would anybody in their right mind start a business in
the U.S.?
Into the mid to late New York afternoon, and our first color change for longs on
the m15 came at 1 PM EST … more of a case of time into the close than anything
price is doing, cuz it ain’t doin’ anything but chop … 2nd day in a row of lousy
trade action on the long side, but you take the good with the bad, and more
importantly you don’t get “whacked” … no trades for the PAMM today in ETH, as
there just weren’t any good opportunities for profit … very aggressive traders
can use the RM levels off of the m15 for a scalp, but you need confirmation of
some kind of move higher … your losing trades will definitely be higher, and
you’ll need the “dead cat bounces” that extend slightly to make up for them
… that’s a very tall order and needs near perfection on both entry and
liquidation to be consistently successful … 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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