A DULL WEDNESDAY? … NOT SO FAST!

“When you don’t understand crypto, or how to trade it for profit!”

Ain’t my problem … cuz if you aren’t willing to change, learn new things, trade

new markets, and in the end better your financial life, then you’re still trying to

get some egg futures quotes from back in the early 1970’s … yes Skippy, the

world around you is changing at light speed, and you better “get humpin’ mi

amigo”, if you want to benefit … otherwise you fall behind.

So while traditional markets get abandoned faster than the Bengals football

team, it’s worth remembering while you sit and stare at markets that are

manipulated and dwindling in importance, that crypto & Bitcoin [BTC]

specifically, are putting in their usual non stop frenzied trading ranges

unabated … open 24/7/365, they don’t care about traditional Holidays,

weekends, Valentine’s Day, or any other occasion, cuz the world trades it non

stop … so, while EURUSD powers in today, so far, with a 22 PIP range, USDJPY

with a 21 PIP range, gold with a $5 and change range, WTI crude oil with a 52

cent range, and finally the DJPI30 [Dow Jones Propaganda Index 30] so far has

a 68 point range, BTC has put in an approximate $500 move, or about a 7%

move from the tips … by comparison the others are pathetic, and I’ve just

insulted the word pathetic.

And, the snarling little worm who used to torment you in 4th grade, pictured

above, will no doubt sit there and try and tell me only drug dealers, terrorists,

and other assorted criminal types trade or use Bitcoin … no Miss Prissy, only

people that care about money, government manipulation of the money supply

and how inflation ruins your wealth, and those who believe their business isn’t

any of yours, so fuck off! 

But, if I accept her premise, then ban food, water, phones, and everything else

cuz criminals use those things as well, so they should be outlawed … do you

support terrorists & drug dealers? … No? … then support banning food and

water to everyone and we can get rid of those people, right? … in the final

analysis, all I care about as a trading professional is making money from trading

… I don’t give a shit [no pun intended] if its “soiled underwear futures” or “lint

futures” … what the hell difference does it make? … do you trade, or attempt to

trade so you can tell people you trade “X”? … if so, why the hell does that matter

to anybody? … isn’t the point to make money? … well then, why not go to where

conditions are the MOST FAVORABLE TO THAT END?

Some great algorithm buy signals in BTC early this morning after Europe opened,

and to those that already have the “Traders Course” [TC], have read chapter 8,

and are trading any of the crypto pairs, but especially BTC, “you’re welcome!!”.

Let me say again, what I have previously stated before in prior blog posts … when

PRIMEXBT gets their PAMM program up and running sometime in the first quarter

of 2020, I will be there in spades! … you can either drive down the road of life by

looking in the rear view mirror for directions, OR you can look ahead down the

road to where you want to drive to … which do you think is advisable Skippy?

… well Skippy, it doesn’t matter what your personal bias is towards any group of

markets … that exists only between your ears … what matters is WHAT THE

WORLD thinks, how the WORLD ACTS, what the WORLD GRAVITATES TOWARDS

AND WHAT IT LEAVES BEHIND, and ultimately what the WORLD WANTS TO

TRADE! … and right now every available statistic in the world shows volumes &

liquidity drying up in every traditional MT4 market you care to point out to me,

from as little as 5 years ago … THEY ARE ALL DYING BECAUSE THEY ARE

MANIPULATED & RIGGED by central banks and their BFF’s the scumbag TBTJ &

TBTF banks … and traders are fleeing in droves faster than people fleeing

Kalifonia for Texas for obvious reasons … who the hell is gonna sit there for 10

hours and trade EURUSD OR USDJPY for a handful of measly PIPS, and then

have to put up with government manipulation & regulatory bullshit? … how ‘bout

nobody with any brains?

Can I make today in the DJPI30 what I made earlier today in BTC? … hell no I

can’t, without blowing the lid off leverage, which is stupid beyond belief … no,

you can’t compare the trading conditions cuz they are night and day apart … one

is fantastic, the other complete shit … quite frankly, there isn’t any other

objective analysis you can make and be honest about.

Now, for the uninitiated, let me clue you into some vital details … 1) you don’t

need a gazillion dollars to get into the crypto trading space … the minimum to

open an account at PRIMEXBT is 0.001 BTC, which currently as I write is about

$7.25 … 2) account balances at PRIMEXBT are held in BTC, margins are

calculated via BTC, your profits from trading are converted to BTC, and any

losses are taken from your account in BTC … in other words, your account sits

and is held in an appreciating currency that is only going to get more valuable

over time, IMHO … I’m sure plenty of people will disagree, but quite frankly I have

no use for dollars that are guaranteed to lose value over time, thank you FED

… 3) you can trade 9 crypto pairs like you do anything else, only these markets

actually move and aren’t subject to government manipulation through central

bank bullshit … and most importantly 4) NO KYC, which means nobody gives a

shit who you are, what you do, what you trade, where you take any profits and

send them, or how you spend your money … it’s your biz and nobody else!

Now, I’m trying to prove to you I don’t care about your money … open a

PRIMEXBT ACCOUNT through my referral link above, and you get the “Traders

Course” [TC] for FREE, a 92 page Adobe PDF that will teach you how to trade

effectively for profit … chapter 8 is on Crypto … take the $60 you would have

sent me, and put it into your account and trade for cryin’ out loud … build the

account … the way this stuff moves, and IF YOU CAN FOLLOW DIRECTIONS,

you’ll build it … I also offer support via chat, details in the TC … so, WTF is it

you want from me, when everything I’ve just said costs you NADA? … through

rebates back to me on part of the commissions, they end up paying for your TC

… commissions you’re gonna pay regardless of whether you’re a referral or not

… they either keep 100% of your commissions or they split it with me … why not

let them pay for your ride?

But I know, cuz I’ve seen it before in the past, even when I was back on the

trading floor in the era of the “pits” … there are those who just don’t wanna

believe reality … somehow or some way gold or silver or soybeans, or EURUSD

or USDJPY, or pick anything you want … someday they’re gonna come back

with a VIX vengeance, and you don’t want to miss it, cuz it’s “your” market

… right, sure … and when your account is dead and you’re taking fries orders,

you can write me and tell me all about it … meanwhile, the world moves forward,

and you can now take the sand out of your ears.

Mid morning in the “propaganda index”, and with manipulators busily hustling

bids all over the place, after the opening sell stop hunt, we haven’t moved much

or done anything except drift … meanwhile over in crypto shit is moving nicely,

here in the trading world of the 1800’s, central banks have their firm grip on

“Hoover Dam” near everything … can’t have stocks go down even a tiny bit and

spoil turkey day for the 0.0001% Elites who hate your guts with a passion … and

so we drift aimlessly.

For those that think crypto is just “coins” for hiding money, and/or used for

speculation, you couldn’t be more wrong … crypto development is about block

chain technology, and all of the apps that are written for it that improve life

immensely … in other words, the coins are the manifestation of the biz

development, and it’s the commerce, or as it’s known, the velocity of money

moving around from one place to another to facilitate biz commerce … who the

frick needs banks and all the bullshit they bring to the table with fees, time

delays, and then deposit delays while you wait for your money … crypto does

it in seconds with almost no cost … and with biz development in everything

from biology to zoology, the demand for coins for commerce increases, all in an

environment that can’t be messed with or tampered with, and outside the control

and purview of scum who infect government all over the world … in other words,

life as it should be!

And as I write the last paragraph of the blog today, BTC goes up $200 … a perfect

TC algorithm buy signal preceding it by some minutes, and to those who have the

TC, “you’re welcome”! … to those that don’t, how’s that USDJPY position working

out, or any of the other dead markets littering the landscape? … but whatevs.

Blog tomorrow on turkey day … crypto will be moving of course; today’s range in

BTC as I get ready to call the day over is approximately $751 … did anything on

the MT4 move 1% or more today? Well, if it did, I didn’t see it … an absolute

frickin’ joke … the propaganda index will be closed tomorrow … the world moves

forward without the U.S. … I can’t take another minute of this shit … until

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody! 

-vegas

DOWN THE RABBIT HOLE

“Which way do you go!?”

Thanks to government, standing at the corner of “Success” & “Failure” has

become a complete Ponzi scheme, akin to arranging the deck chairs in first class

on the Titanic, so you can get good seats while the orchestra plays … never mind

the entire boat is going down, cuz you’re too busy focusing on choice of seats,

blissfully unaware of the risks of the catastrophic failure about to happen … and

so, your supposed “choice” here, between “success” of getting a good seat

versus “failure” of getting a bad seat towards the rear, is a false construct.

Granted, the picture I’ve painted here is absurd, but the best way to point out

absurdity is to be completely absurd! … I drive the point home to be obvious

… nobody could be that stupid! … and yet, in real time as the ship was sinking

the orchestra played on!

And what I’m saying to you is that the financial community plays with you

constantly, offering you choices that are in reality “non-choices” … in other

words, just cuz you took the step towards “success” when reading the road

sign, doesn’t mean your going to encounter “success” as you start walking

down the road … and that’s cuz you’re down the rabbit hole, where the only rule

is, there are no frickin’ rules! … and so, under the rubric of government

observation, government rules, and finally government permission, you’re

allowed the illusion of success, when in reality there’s nothing but bad choices

and which one makes the most sense under less than than ideal circumstances

… and while on the surface it may appear that all of your moves were

successful, do you realize you’re on a chessboard where you can’t see all of the

moves that hurt you, by a player who most definitely doesn’t have your best

interests at heart?

I’m going to pose to you a simple question: “what’s happened in the world

financially since the end of 2014”? … of course, if I ask 100 people, I’ll get 120

different answers, but I would be surprised if any spoke of crypto as a game

changer … excluding QE inflated stocks in the U.S., what have other, more

traditional asset classes delivered? Gold at the end of 2014 was at about $1200,

today it’s at about $1475, a gain of a little over 20% … crude oil at the end of

2014 was at about $54 per barrel, today it’s at about $58 per barrel, a single digit

gain over approximately 5 years.

Where was Bitcoin at the end of 2014? … Bueller? …. Bueller? … well, it was at

approximately $110 per 1 BTC, today it’s over $7,000 per coin … strip away

miners BTC for mining the “proof of work” now and into the future, and

excluding coins that are lost forever, there remains a “float” of about 16,000,000

BTC’s in existence, and there can’t be anymore … how much sovereign debt is

held at negative interest rates worldwide? … approximately $17 trillion! … why

the hell would anybody enter into a lending agreement and guarantee

themselves a loss? 

The premise behind John McAfee’s prediction of $1 million dollars per BTC in a

couple of years, is that all of the idiotic money in negative yeilding debt will flow

into crypto, and viola!, $1 million bucks per coin … by the same token, where is

Apple, Google, & Amazon gonna go from their inflated QE stock price? … and

while most might raise an eyebrow at my analysis, remember, “we’re all down the

rabbit hole now, and there ain’t no rules … it’s anything goes, and if you think the

predictable is what’s gonna happen, I’ll take the alternative approach and bet the

farm it won’t be”!

The “game changer” here with crypto, especially trading it via PRIMEXBT [or a

similar venue], is that it never closes, can’t be manipulated by government, and

millions of people worldwide trade it 24/7/365, where there is NO central exchange

to be fucked with … all with anonymity, privacy, security, and the ability to move

money in seconds to wherever you want it so you can spend it, invest it, or trade

it! … in other words, “fear & greed” are the primary factors in trading it, just like

in the roaring 80’s, when pits ruled the world … here, though, the entire world is

the pit, with no centralized bully who can change the rules at a whim, or take

away your money cuz they have the authority to do it … so, if you’re wondering

why over the last 5+ years why volumes & liquidity of EVERYTHING TRADED VIA

COMMODITY OR STOCK EXCHANGES HAS GONE DOWN WITH A VENGEANCE,

wonder no more, cuz the world’s “hot money” and the world’s biggest traders

have left the building and told interest rate markets, stock indices markets, &

commodity markets to go pound sand!

Anybody but me remember how volatile the USDJPY pair used to be prior to

2014? … remember those heady days where it looked like FX VIX would always

be high? … remember USDJPY having 200 - 400 PIP ranges, with intraday moves

that made your eyes water? … “well, where the fuck is that now Skippy”?!!

… when’s the last time USDJPY had a 100+ PIP range for the day? … how many in

the last 6 months? … “Hoover Dam” few, that’s how many … so where did all

those Asian session traders go? … EASY PEEZEE: they’re all trading crypto now

24/7, and making/losing a fortune … right along with every hot dollar that’s

underground and can’t be shown to government, for fear of confiscation via

taxes … and you know what? … that’s a shipload of money Skippy! … you’re

gonna need a bigger group of ships!

Turning to today’s manipulated mess in the DJPI30 [Dow Jones Propaganda

Index 30] … “trade deal optimism” [please be patient while on hold, your operator

is laughing his ass off and will resume his duties shortly] … OK, how many

fucking times have I seen this shit over the last year? … I’m guessing about 200,

but it could be more, each time good for multiple 100+ point bursts in the

propaganda index … as long as it keeps working, don’t expect the Apparatchiks

or the HFT’s to stop using it to prop stocks ever skyward, in the greatest hyped

Ponzi scheme ever to hit the world … “but no worries, CNBC says everything is

fine … and the FED says everything is fine … remember back in 2007, when

Greenspan & every government Apparatchik in the world said everything was

fine? … remember Bawney Fwank, who said there could never be a housing

crisis? … head … sand … no worries, right”? If only Goebbels were alive to see

this, he’d shake his head in disbelief.

Late morning in Gotham, and if you think this is an honest market, I got some

beachfront property to sell you in Kansas … cheap! … another complete “circus

shitshow” of price manipulation in the DOW30, where the “Plunge Protection

Team” [PPT], other central banks [hello SNB], and the scam known as corporate

buybacks, all place bids protecting price, then cancel said bids [price drops for a

couple of minutes], then the bids come back, shorts panic and we scoot higher

in seconds … in other words, just another “protect & defend” the QE bullshit that

happened overnight on “vapors”, and launder the gains … nice work if you can

get it, all backed and propped up by a corrupt FED.

Crypto sort of slow today, in comparison with yesterday’s torrid pace … crude oil

again today dead meat walking, so nothing there as well … nope, just stocks

meandering around like Zombies with a bias slightly higher at the moment

… intraday VIX just completely pathetic … you got more trading activity in corn

spreads than this shit today so far.

But, speaking of crypto and BTC in particular, again today you see a range that

makes everything else on the board look pathetic by comparison … this is a

market that has 80’s & 90’s market volatility baked into the cake, where you can

expect to see 3% - 5%+ daily moves … however, 2 important items here; 1) this

market never closes, so there’s no bullshit with opens and closes affecting price,

and 2) there’s no central exchange, like the corrupt CME, where you’re forced

into things you don’t want to be forced into … nope, this is a market that is

global, decentralized, and has millions upon millions of players, where

government is at a total loss at how to control it, reign it in, and try and get their

grubby fingers on it to fuck it up beyond all recognition … trust me, the global

elites are terrified of this shit, and how the world’s population in droves is

migrating to it faster than they can ever imagine … a world completely devoid of

government bullshit and the flow of money … now that’s something I’m truly

excited about!

Mid to late afternoon, and this day has been a waste of time from a trading

perspective … 6 hours of bullshit inside about a 40 index point range, with the

usual assortment of spikes from hell, both up/down to make things uncomfortable

for anyone who enters into any trade, no matter long or short … in this kind of

environment only the scumbag banks win … so, I sit and wait patiently for an

algorithm signal to trade … won’t come today, that’s for sure … until tomorrow

mi amigos … Onward & Upward!!

Have a great day everybody! 

-vegas