Education
Now Reading
Top Ten Crypto Exchanges For Traders
163

Top Ten Crypto Exchanges For Traders

by The MoleJanuary 10, 2018

This is the third installment of an ongoing educational series that will cover the nuts and bolds of crypto currencies as well as the skills and knowledge required in trading this new asset class successfully over the long term.

In our previous installment we covered a comprehensive list of requirements and concerns aimed at pre-qualifying any crypto exchange prior to opening an account. All that information may be a bit overwhelming so today we’ll be going through a list of the most popular exchanges out there and compile a summary report for each of them.

Now let’s remember that, as traders, our requirements are slightly different from that of a person who occasionally buys crypto currency for ideological or curiosity reasons and then holds them (HODL in crypto lingo) for an extended amount of time. For example while a lax KYC policy may appear to be a major plus to someone bent on stashing or transporting some coins anonymously, it is a negative for us in that we want to make damn sure that all exchange participants have been fully vetted and are prepared to cover the other side of our trades.

Another key requirement I touched upon last time was data and API access, which not only will allow us to take advantage of proper technical and quantitative analysis, but further down the line will also enable us to design automated crypto trading systems. To that end any exchanges that merely permit access via proprietary web based means are effectively disqualified. With all that said, let’s dive right in:

Top 10 Crypto Exchanges

I took this snapshot over at bitcoinity but had to shift around a bunch of rows as they list some exchanges based on currencies, which in this context we don’t care about as most exchanges support Dollar based accounts. Which means that some of the trading volumes are incomplete, so head over to bitcoinity to get full story and full stats.

The data/API information listed in the summary reports below relates to the ability to access remote services via a trading platform such as NinjaTrader, Multicharts, TradeStation, etc. or APIs like ccxt and others. You will find that all of the exchanged listed offer at minimum API access (e.g. the ability to submit orders, list your open campaigns, manage your trading account, etc.) which for me was a base requirement for inclusion in our top ten list.

As you are probably aware everything in the crypto universe moves at near light speed, so if you catch this post a few weeks after publishing many of the details below may be obsolete or may have changed. Without further ado:

Bitfinex

With almost 2 million BTC traded each day Bitfinex clearly stands as the top dog of crypto exchanges right now. It’s a great exchange and thus it’s most unfortunate that U.S. citizens practically have been shown the door starting in August of last year (2017). Yes, you can thank burdensome FATCA regulations for that.

BitFinex offers three main functions – it is a pure bitcoin to fiat exchange, a margin trading exchange and a liquidity provider. The platform offers a number of features available that expand the financial positions you can take – for example the ability to short Bitcoin via margin trading.

The exchange also offers a set of other cryptos apart from bitcoin such as Litecoin and Ethereum. Deposits and withdrawals take place via the standard bank transfer means with fees of 0.1% and a minimum of $20. Bitcoin and Litecoin are free.

Unfortunately Bitfinex was hacked on the 3rd of August 2016 and around 120,000 BTC were stolen. However BitFinex takes security seriously and have since moved from a hot wallet cold wallet set up to segregating customer funds where each user has access to their own wallet which they can review on the blockchain.

  • Location: British Virgin Islands
  • Accepting U.S. Clients: NO
  • Offering:
    • Currencies: NEO, BAT, USD, BCH, GNT, ETP, EOS, ETC, FUN, ETH, SAN, QTUM, BTG, DAT, SPK, MNA, RRT, IOTA, ZRX, DASH, TNB, XRP, XMR, EUR, ZEC, YYW, OMG, AVT, QSH, EDO, LTC, SNT, BTC
    • Crosses: AVT/BTC, AVT/ETH, AVT/USD, BAT/BTC, BAT/ETH, BAT/USD, BCH/BTC, BCH/ETH, BCH/USD, BTC/EUR, BTC/USD, BTG/BTC, BTG/USD, DASH/BTC, DASH/USD, DAT/BTC, DAT/ETH, DAT/USD, EDO/BTC, EDO/ETH, EDO/USD, EOS/BTC, EOS/ETH, EOS/USD, ETC/BTC, ETC/USD, ETH/BTC, ETH/USD, ETP/BTC, ETP/ETH, ETP/USD, FUN/BTC, FUN/ETH, FUN/USD, GNT/BTC, GNT/ETH, GNT/USD, IOTA/BTC, IOTA/ETH, IOTA/EUR, IOTA/USD, LTC/BTC, LTC/USD, MNA/BTC, MNA/ETH, MNA/USD, NEO/BTC, NEO/ETH, NEO/USD, OMG/BTC, OMG/ETH, OMG/USD, QSH/BTC, QSH/ETH, QSH/USD, QTUM/BTC, QTUM/ETH, QTUM/USD, RRT/BTC, RRT/USD, SAN/BTC, SAN/ETH, SAN/USD, SNT/BTC, SNT/ETH, SNT/USD, SPK/BTC, SPK/ETH, SPK/USD, TNB/BTC, TNB/ETH, TNB/USD, XMR/BTC, XMR/USD, XRP/BTC, XRP/USD, YYW/BTC, YYW/ETH, YYW/USD, ZEC/BTC, ZEC/USD, ZRX/BTC, ZRX/ETH, ZRX/USD
  • Data/API:
    • Tick data: YES
      OHLCV data: YES
    • API access: YES
  • Pros:
    • Geared towards traders.
    • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers.
    • One of the best ways to buy large amounts of bitcoins.
    • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack).
    • Very deep liquidity promotes a price close to fair market rate.
    • Supports several altcoins.
  • Cons:
    • Was recently hacked and has yet to fully compensate all users for their loss
    • Single payment option

 

 Coinbase/GDAX

Coinbase has extremely good security practices coupled with insurance on deposits. Including that they also have raised over 100 million USD in funding providing them with a solid capital foundation. Over 97% of funds are kept offline in cold storage USB’s or paper wallets. There is two factor authentication on all accounts aswell as other procedures such as SQL injection filters to halt heartbleed bug attacks – they are on top of their game.

Fees for trading were set to zero for a period but now the standard model of paying to take liquidity out of the orderbook is set to 0.25%. Coinbase’s exchange, GDAX, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. GDAX offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

  • Location: United States
  • Accepting U.S. Clients: YES
  • Offering:
    • Currencies: USD, BCH, BTC, LTC, GBP, ETH, EUR
    • Crosses: BCH/USD, BTC/EUR, BTC/GBP, BTC/USD, ETH/BTC, ETH/EUR, ETH/USD, LTC/BTC, LTC/EUR, LTC/USD
  • Data/API:
    • Tick data: NO
      OHLCV data: YES
    • API access: YES
  • Pros:
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees at GDAX
    • Decent data download speed.
  • Cons:
    • User interface is confusing for first time buyers.
    • Small number of crypto currencies offered.
    • No tick data via API access.
    • Sending bitcoins directly from GDAX to any legally-questionable site may result in closure of your account. Not sure that’s really a con but keep it in mind.
    • Deposits have to be made through your Coinbase account.

 

 Bitstamp

Bitstamp is one of the most popular fiat to Bitcoin exchanges. Tracing its beginnings to the first generation of exchanges, Bitstamp provides their customers with an easy to use, secure and reliable service since 2011.

Bitstamp is the first major bitcoin exchange to introduce and incorporate the industry’s best security practices such as MultiSig technology for its hot-wallet, a fully insured cold-storage where over 98% customer BTC are kept off-line in secure vaults, in addition, a number of security features are available to its customers such as two-factor authentication and confirmation emails for enhanced account security.

The exchange allows you to execute instant orders at the best bid or ask price as well as place limit orders, stop loss, and trailing stop orders. Business and individuals from all over the world can buy and sell bitcoins 24/7 through API or the Tradeview trading interface.

By using Bitstamp’s mobile phone apps, available for both iOS and Android, its customers can trade bitcoins on the fly easily. If you look for a secure and reliable exchange with good liquidity, and a robust infrastructure, then Bitstamp is your exchange of choice.

  • Location: United Kingdom
  • Accepting U.S. Clients: YES
  • Offering:
    • Currencies: USD, BCH, LTC, BTC, ETH, XRP, EUR
    • Crosses: BCH/BTC, BCH/EUR, BCH/USD, BTC/EUR, BTC/USD, ETH/BTC, ETH/EUR, ETH/USD, EUR/USD, LTC/BTC, LTC/EUR, LTC/USD, XRP/BTC, XRP/EUR, XRP/USD
  • Data/API:
    • Tick data: NO
      OHLCV data: NO
    • API access: YES
  • Pros:
    • Geared towards traders
    • One of the longest-running Bitcoin exchanges
    • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
    • Good range of deposit and withdrawal options
    • Deep liquidity promotes a price close to fair market rate
    • Offers wide range of altcoins
  • Cons:
    • Has been hacked before, users should not store funds on the exchange for any period of time.
    • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume.
    • No tick and no OHLCV data offered at this point.

 

 bitFlyer

bitFlyer is the leading Japanese exchange in trade volume. It allows users to exchange Bitcoin for JPY and to trade with margin. The exchange allows users send and receive Bitcoins in just 1 second, storing said BTC using next generation encryption by DigiCert.

  • Location: Japan
  • Accepting U.S. Clients: NO
  • Offering:
    • Currencies: JPY, ETH, BCH, BTC
    • Crosses: BCH/BTC, BTC/JPY, ETH/BTC, ETH/JPY
  • Data/API:
    • Tick data: NO
      OHLCV data: NO
    • API access: YES
  • Pros:
    • Deep liquidity ensures prices near the fair market rate
    • Extremely low fees; 0.15% at most, lower for more trading volume
    • Fairly private for small trades; only a phone number or Facebook account required for 250,000 JPY monthly limit
    • High or no limits for fully-verified or VIP traders
  • Cons:
    • Privacy measures are allegedly low – uncertain if that is something that is being worked on.
    • Support only available from 9 AM to 7 PM during weekdays
    • Limited payment options
    • Exchange can be hard to use for new Bitcoin users; it’s geared towards traders
    • No tick and no OHLCV data offered at this point.

 

 Kraken

Kraken is a top European based exchange and offers a variety of fiat to bitcoin pairs such as JPY, EUR, GBP and USD. Volume is decent especially on the JPY BTC pair after MT Gox’s collaps – with Kraken assuming the mantle in that region. The exchange also has a smattering if popular crypto to crypto pairs including litecoin and dogecoin.

Another feature, but only for the brave is margin trading, with Kraken offering the ability to leverage your account balance on specific trading pairs. Although not for most this does give you cash more punch in the markets – but beware of margin calls draining your balance if the markets go against your trade.

Security is very high with their two factor authentication and PGP/GPG encryption. Fees vary depending on the volume – for main trading pairs this is between 0.1-0.35% – however for other less common crypto pairs the range can be as low as 0.05% or as high as 0.75%. There are also 0% fees for traders offering liquidity.

Withdrawals and deposits are variable depending on the method – although in general all fees are 0.19% with a $20 minimum. For JPY there is a minimum deposit of 5000 Yen and no transaction fee for deposit – but 20 Yen to withdraw.

  • Location: United States
  • Accepting U.S. Clients: YES
  • Offering:
    • Currencies: XLM, USD, BCH, REP, EOS, ETC, GBP, ETH, GNO, CAD, XDG, DAO, FEE, ICN, ZEC, MLN, KRW, DASH, XVN, USDT, XRP, XMR, EUR, LTC, JPY, NMC, BTC
    • Crosses: BCH/BTC, BCH/EUR, BCH/USD, BTC/CAD, BTC/EUR, BTC/GBP, BTC/JPY, BTC/USD, DASH/BTC, DASH/EUR, DASH/USD, EOS/BTC, EOS/ETH, ETC/BTC, ETC/ETH, ETC/EUR, ETC/USD, ETH/BTC, ETH/CAD, ETH/EUR, ETH/GBP, ETH/JPY, ETH/USD, ETHCAD.d, ETHEUR.d, ETHGBP.d, ETHJPY.d, ETHUSD.d, ETHXBT.d, GNO/BTC, GNO/ETH, ICN/BTC, ICN/ETH, LTC/BTC, LTC/EUR, LTC/USD, MLN/BTC, MLN/ETH, REP/BTC, REP/ETH, REP/EUR, USDT/USD, XBTCAD.d, XBTEUR.d, XBTGBP.d, XBTJPY.d, XBTUSD.d, XDG/BTC, XLM/BTC, XLM/EUR, XMR/BTC, XMR/EUR, XMR/USD, XRP/BTC, XRP/EUR, XRP/USD, ZEC/BTC, ZEC/EUR, ZEC/USD
  • Data/API:
    • Tick data: YES
      OHLCV data: YES
    • API access: YES
  • Pros:
    • Well-financed exchange
    • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
    • Very low maker fee, falling to 0% with sufficient trading volume
    • Deep liquidity for large volume buyers in European markets ensures a price close to fair market rate
    • Highly-rated for security
    • Publishes proof of reserve audits
  • Cons:
    • There is currently a controversy involving Kraken and alleged wash trading of Tether on its exchange. I don’t want to delve deeper into this here but if you are concerned you should research this on your own time.

 

CEX.io is a trustworthy website to buy/sell BTC and ETH. The interface is sleek, new, and user-friendly. They have taken care of security, and the support is pretty good – which isn’t exactly common in the cryptocurrency industry.

The option to buy Bitcoin using your credit & debit card is one of their most used features, even after the 7% fee. Since they support many countries CEX.io is an option for users from countries where it’s not so easy to buy Bitcoin.

  • Locations: United Kingdom, Russia, Russia
  • Accepting U.S. Clients: CEX.io does NOT support the following US states: Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.
  • Offering:
    • Currencies: ZEC, USD, BCH, BTC, GHS, RUB, DASH, BTG, GBP, ETH, XRP, EUR
    • Crosses: BCH/BTC, BCH/EUR, BCH/GBP, BCH/USD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/USD, BTG/BTC, BTG/EUR, BTG/USD, DASH/BTC, DASH/EUR, DASH/GBP, DASH/USD, ETH/BTC, ETH/EUR, ETH/GBP, ETH/USD, GHS/BTC, XRP/BTC, XRP/EUR, XRP/USD, ZEC/BTC, ZEC/EUR, ZEC/GBP, ZEC/USD
  • Data/API:
    • Tick data: YES
      OHLCV data: YES
    • API access: YES
  • Pros:
    • Trustworthy and focused on security.
    • Good number of currencies and crosses.
  • Cons:
    • Excludes a large number of U.S. states.

 

itBit is a global Bitcoin exchange licensed with the New York State Department of Financial Services that offers cryptocurrency trading services including the over-the-counter (OTC) service. The company was launched in November of 2013, and its headquarters is in New York. They have an international office in Singapore and offer free deposits and withdrawals in Singapore dollars.

The exchange has emerged in the moment when everyone thought that Coinbase is getting ahead of the US-based exchange pack. But Chad Cascarilla, the co-founder, and CEO of itBit, raised impressive $25 million investment and announced itBit would be regulated as a bank in New York. This regulation meant itBit would be able to offer exchange services in the US, surpassing its main US competitor, Coinbase, which offers its services in 33 US states.

  • Locations: United States
  • Accepting U.S. Clients: Supports customers around the globe in most countries. Texas is the only U.S. state not supported.
  • Offering:
    • Currencies: USD, SGD, BTC, EUR
    • Crosses: BTC/EUR, BTC/SGD, BTC/USD
  • Data/API:
    • Tick data: YES
      OHLCV data: YES
    • API access: YES
  • Pros:
    • Licensed with the NY state department, thus it is regulated in the United States.
    • Operates global OTC trading desk.
    • Well funded.
  • Cons:
    • Does not accepts clients from Texas.
    • Limited number of currencies and crosses.

 

HitBTC seems to have a solid user interface making it pretty easy to buy Bitcoins. The platform seems to be very “newbie oriented” and puts an emphasis on security. Although HitBTC gained considerable traction over the past year since it’s launch, much like iGot it still hasn’t managed to reach the “big leagues” of Bitcoin exchange (i.e. Coinbase, Circle, Bitstamp etc.)

Each critical action (login/withdraw) in HitBTC can be protected by 2FA (2 Factor Authentication). You can also see a list of IPs that accessed your account so you’ll be able to monitor any suspicious activity. Finally, HitBTC tells you what is your security level (i.e. weak, strong etc.) which prompts you to safeguard your account better.

  • Locations: Hong Kong, China
  • Accepting U.S. Clients: Hard to find out without signing up – I believe NO.
  • Offering:
    • Currencies: QAU, LIFE, TIX, B2X, EXN, CCT, BOS, DRT, EOS, ORME, BCH, OAX, DCN, PRG, WTT, SAN, PRO, STRAT, FYP, HPC, HSR, MANA, WTC, AIR, IXT, PRS, PAY, DCT, MYB, XAUR, ATL, SPF, LEND, NXT, CSNO, WRC, CTX, MRV, HAC, ELM, BitClave, BNT, DASH, KBR, NXC, BTCA, IND, BQX, EDG, VIB, SNC, SNGLS, SNM, MAID, SNT, PQT, TAAS, EBET, 8BT, LAT, PPT, KICK, ATS, CRS, YOYOW, STAR, EMC, NGC, SISA, EVX, GUP, WMGO, FUN, MIPS, TRST, ETH, BET, SCL, AMM, NEBL, TKN, BUS, AMB, LSK, DENT, TKR, BMT, QVT, AMP, AE, MNE, UGT, PRE, CPAY, NTO, ENJ, VOISE, DRPU, USDT, TRX, DSH, DLT, NEO, XRP, EBTC, OPT, LRC, BKB, AVT, DOGE, TBT, EBTCOLD, ITS, ANT, BTG, PTOY, ZAP, BTC, TIME, BTM, STORM, ECAT, STEEM, BCN, KMD, ATB, SUB, CTR, DIM, REP, ATM, SMS, BCC, ETC, GAME, COSS, SUR, XUC, NET, POLL, DOV, LUN, DGB, PIX, DGD, SBTC, QTUM, DDF, XVG, ODN, UET, FCN, ICOS, FRD, CLD, NDC, RVT, XTZ, ADX, ELE, LTC, DNT, MCAP, 1ST, VEN, MSP, AEON, XMR, ZEC, PLU, OMG, PLR, HVN, XEM, ETP, EDO, RLC, CDT, SBD, WAVES, SC, HDG, CDX, WINGS, LOC, BAS, EMGO, BTX, SWFTC, ZSC, CVC, ERO, DATA, QCN, PPC, ECH, TGT, LA, VIBE, CL, FYN, ETBS, SWT, PLBT, DBIX, CND, RKC, POE, XDNCO, TNT, IGNIS, ICO, ICN, BMC, GVT, HGT, CNX, ZRX, STU, MTH, ICX, ZRC, UTT, SKIN, GNO, STX, SMART, MCO, ART, DICE, OTN, CFI, PING, OTX, ARDR, VERI, XDN, FUEL, INDI, ARN
    • Crosses: Almost everything under the sun given the supported currencies  – too long to list here.
  • Data/API:
    • Tick data: YES
      OHLCV data: NO
    • API access: YES
  • Pros:
    • Wide variety of currencies.
    • Good user interface.
  • Cons:
    • Support very slow to respond (if at all).
    • Negative online reputation
    • Only supports tick data for some strange reason.

Mercado Bitcoin

Mercado Bitcoin is the largest Bitcoin exchange in Brazil and South America. Without verifying, you can buy bitcoin using cash deposits. After verification, you can also fund your account with online bank transfers, which incur no deposit fee. Mercado Bitcoin offers some of the best liquidity in Brazil, meaning you should get the fair market price when buying bitcoins.

  • Locations: Brazil
  • Accepting U.S. Clients: Hard to find out without actually signing up – I believe NO.
  • Offering:
    • Currencies: LTC, BRL, BCH, BTC
    • Crosses: BCH/BRL, BTC/BRL, LTC/BRL
  • Data/API:
    • Tick data: NO
      OHLCV data: NO
    • API access: YES
  • Pros:
    • Deep liquidity promotes a price close to fair market rate
    • Very popular with over 100,000 clients
  • Cons:
    • Not private since identity verification is required to exceed daily limits or use bank transfers.
    • Very limited number of currencies and crosses.
    • No tick and no OHLCV data

 

 Gemini

Gemini is the first U.S. exchange licensed for bitcoin and ether trading. And while several other exchanges fled New York regulation, Gemini embraced it. Today, they are a regulated trust company by the New York State Department of Financial Services, which will give them a significant advantage as U.S. regulators start to crack down on exchanges in the coming years. Overall, Gemini is easy to use, provides good customer support and fair fees. They currently offer a super limited variety of trading pairs but there’s decent liquidity for those pairs. Gemini delivers on their promise of security, liquidity, and trust.

  • Locations: United States
  • Accepting U.S. Clients: While Gemini is available in most US states, you should check Gemini’s areas of operations page.
  • Offering:
    • Currencies: ETH, USD, BTC
    • Crosses: BTC/USD, ETH/BTC, ETH/USD
  • Data/API:
    • Tick data: NO
      OHLCV data: NO
    • API access: YES
  • Pros:
    • Licensed U.S. Exchange
    • FDIC Insured
    • High security.
  • Cons:
    • Very limited number of currencies and crosses.
    • No tick and no OHLCV data

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c

  • Mary

    Thank you for your efforts Mole.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Coinbase. check.

    Now I just need that pile of cash..

  • HD

    The CBOE also offers access to Bitcoin. They don’t take pay pal 🙂

  • http://evilspeculator.com Sir Mole III

    They offer the futures only, right?

  • ridingwaves

    Great stuff as always Mole….
    got my retest on XLF….
    went short for the day…

  • HD

    correct

  • ridingwaves

    they are ramping XLF now….jeez….no rest for the weary…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Trouzzer_Snake

    I’m a big fan of Gemini, I’d add Bittrex and Binance to this list as well for Alt coin trading.

  • HD

    we need dip buyers for downside to work. Glad to see a 10 AM bounce. 10 handle bots showed up.

  • Mark Shinnick

    The trailing stop is pretty good….also gives you time to cancel out if it leaves the zone.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I wonder how cougar Julie is doing with XHB?
    😉

    http://stockcharts.com/h-sc/ui?s=XHB&p=D&yr=1&mn=0&dy=0&id=p42581542863

  • Mary

    Is Binance an MLM? I’ve noticed several people promoting it with referrral IDs in the URL.

  • Mark Shinnick

    Yeah, so goes the measure….and would surprize.

  • ridingwaves

    Lennar helped here greatly today with earning release

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Lennar is 4.6% of the XHB index. are you sure there was a direct impact?

    http://portfolios.morningstar.com/fund/holdings?t=XHB

  • Trouzzer_Snake

    Not that I’m aware of. They have their own coin BNB (which I actually own) but they are not sending me spam or anything for referrals.

  • ridingwaves

    kind of, bad earnings from one will be expected of others….a sliver can get under the hardest skin

  • HD

    The CME also offers /BTC futures. I think I actually prefer that structure but Currently only 1/5 the volume of /XBT
    http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

  • http://evilspeculator.com Sir Mole III

    Yes – I actually posted about that a few times. In the end being able to trade the real thing has advantages, especially given the wide spectrum of altcoins.

  • http://evilspeculator.com Sir Mole III

    Binance didn’t make the top 10 but is supposed to be a good exchange. In fact I opened an account there.

  • http://evilspeculator.com Sir Mole III
  • Mark Shinnick

    Humor me….I am truly ignorant and clueless….but not short. (Except for 10y and real estate)

  • ridingwaves

    FIRE via XLF has been pointing upwards since open….sneaky little bot bastards…

  • Julie

    GG XHB from previous thread i.e. the 60 min chart shown I was looking for a drop down to the daily 5 ema (34 ema 60 min chart) or the daily Ichi cloud conversion line (8) corresponding to the 60 min upper cloud boundary. Then watching for a bounce to a lower high to short. The drop was exactly to the 60 min upper boundary and then the bounce.and now looking for a shorter high. The chart now shown a possible failure at the declining 34 ema (black line) for the lower high Plan the work and work the plan The plan has an excellent chance of working Shown 60min chart JULIE https://uploads.disquscdn.com/images/9dccf99a6927a3550571375e2430f6ccb5c4e0c6b3bf2bd7d72529b1b4c11c22.png

  • Julie

    Chief Great job on the follow up in the cryptos !
    ULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    have a plan, trade the plan.
    Good Hunting.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    that gap at 28 will be found, I say in next week

  • Mark Shinnick
  • Julie

    Hi GG I am down slightly in BAC and F shorts both small positions. F got away from me on the probe and looking for it to correct to approx. 12.75 (21 ema) or support 12.85 (Ichi cloud conversion line(8). The current pullback is on less and decreasing volume with small candles to cover the short probe almost break even. F must first close below support and it,s daiy 5 ema approx. 13.00 .BAC overbought monthly weekly daily and 60 min charts. Going up into an upper trend line of a wedge seen on the daily charts with negative divergences daily and 60 min charts
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    sounds like you have it under control.
    Down days are seductive, until you find out that the daily candle is just a red fish in an upward stream of white salmon.

    https://uploads.disquscdn.com/images/da8f8d6ab9b199335d59aef9611fc2c3447d7a2bf4956e3b9e5739ecfef2b1f7.png

  • Julie

    GG INTC short working nicely. Appears to be an impulse down from 47. Gonna watch the (1) support matching the 89 ema (2) lower cloud boundary (3) lower gap matching nearly the rising 144 ema for a bounce. If this bonce occurs at these levels it will be a lower high for anyone to enter a short or add to an existing short Shown INTC daily chart https://uploads.disquscdn.com/images/a2cce3e76724f8ed75770387067b75881f976bdc0e37a2b7b001da38bd7521b5.png JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    check the bigger brother SOX.
    I don’t think there will be given a chance to bounce.

    Island top is complete. INTC gap down, soon.

    http://stockcharts.com/h-sc/ui?s=%24SOX&p=D&yr=1&mn=0&dy=0&id=p79611793627

  • Julie

    GG Thanks Bro ! I mean it wholeheartedly. Like I stated in a previous post I listen to everyone here
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    just don’t spend all your money in Bozeman, kid.
    😉

  • Julie

    GG Got online accounts for Saks Fifth Ave ; Macy’s and Nordstroms Lol !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    online? you’ve go to try them on in person. or so I’m told.

    Drag your hubby to Phoenix.
    http://www.shopbiltmore.com/Directory/Map#/

  • Julie

    GG SPX again a bounce today off the daily 5 ema. First sign of tro https://uploads.disquscdn.com/images/dbe30fd4146e0f2012c226b325790c2523d1a5629d7074ce2a3209a5e3c12445.png uble for the bulls will be a bearish close below the daily 5 ema. Not until then JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    who turned off the High Yield pump? turn it on! we need credit dam it. more juice for the patient.

    [HYG]
    http://stockcharts.com/h-sc/ui?s=HYG&p=D&yr=1&mn=0&dy=0&id=p26165655637

  • Julie

    Love the gap and crap ! Too bad it wasn’t a gap and go !
    JULIE

  • Julie

    XHB now entered a short probe (very small position)
    JULIE

  • Yoda

    towards a fugly close

  • Mark Shinnick

    How many generations now hooked on lowering rates…and Critical Theory?

    https://uploads.disquscdn.com/images/66ebf210f12675f22ff196978c3997e34e4720e1cd81499bb39251454ade3721.jpg

  • Julie

    GG BAC No Cougar’itis Gonna wait until a dump below the lower trend line and watch for the bounce off (1) support horizontal blue line (2) upper cloud boundary (3) lower cloud boundary to a lower high and will add to existing small short position Shown BAC 60 min chart JULIE https://uploads.disquscdn.com/images/b2c8aa38e70b5505ab76459ce4089c782ab8f0d292f3d4b5d8fdfd1fadfedcac.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    One.
    I could make that ginger happy again.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    is there a weaker bank stock that BAC?
    “long the strong, short the weak.”

    https://cdn.shopify.com/s/files/1/1890/9825/files/Lion5N6D.jpg

  • Julie

    Very true GG …. One item I have noticed is that BAC mirrors the Banking Index $BKX You are correct I will look for relative strength comparisons and ratios with other banks. Thanks GG
    JULIE

  • Mark Shinnick

    Deutsche Bank pretty interesting, the market has zero faith and confidence about its stated net equity. Gigantic con job.

  • Julie

    GG KRE (regional banks ) could be setting up for a breakout point failure Shown KRE daily chart JULIE https://uploads.disquscdn.com/images/27101c7e91b7f314424887e59483ea4895042331eceaa162f215f0b206ba7d9d.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    if it fails, you can see a month of unhappy holders dumping. (see early Nov dump)

  • Julie

    MARK GOOD ONE BRO ! DB A bounce off it.s daily 144 ema and gap support. Looks like a bearish close below today’s low and horizontal blue dotted line would be a short Weak bounce IMO Could go up to the 38.2% retracement matching the conversion line (8) or the 50% retracement matching the baseline (21) Great Eye Mark ! Thanks ! https://uploads.disquscdn.com/images/4e4d45719a798f9b6af01a10b5342efe992a9dd5d3dc3bde0ea6931ee969e326.png Shown DB daily chart JULIE

  • Mary

    Bonds have recovered nicely.

    BTC ready to go to 15,000.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mary

    Time will tell, but I think 15,000 first, maybe even 15,500.

  • Mark Shinnick

    What’s your confidence of the % environment?

  • Mary

    You are watching $NYXBT.

    I am watching BTCUSD at Bitfinix.

    How close are they?

  • Mary

    Don’t know. Just reading short term charts.

  • Mark Shinnick
  • Mary

    That top trendline is holding so far … if it breaks ???

  • Mark Shinnick

    Precisely.

  • Julie

    F Do not particularly like this development. A bounce off it’s daily 8 ema and closing above it’s 5 ema The drop with overlapping waves denoting a correction . Also the strong volume today with a spinning top candle print showing buyers meeting sellers. Still possible down to 12.82 – 12.85 Shown F daily chart https://uploads.disquscdn.com/images/46462168713f505ec391061ad484361f25465d76be1d10d1cc824676e9c60506.png JULIE

  • http://evilspeculator.com Sir Mole III

    I should have probably mentioned Poloniex as they are popular – IMO not a good exchange however. So Binance should be under ‘further mention’ as well as Bittrex.

  • Mark Shinnick

    You have big kahunas than I just even looking at that chart; scares the bejesus out of me.

  • Mary

    You win. It only got to 14,999 before dropping.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III

    Hey guys – I just completed some new crypto related research which I’ll post tomorrow morning as a new installment in this series.

  • ridingwaves

    what a run by CL…..that gap visit at 70-75 is written in stone….

  • Yoda

    NG and miners not doing too bad too

  • ridingwaves

    I banned the word NG and widow at my casa…..both add to inflation and that’s what every elitist wants…..so we get it…

  • BobbyLow

    I thought for a minute you were talking about /CL which has been running as well. 🙂

    I’ve been long UCO for a few days. I took a -.33R loss on short gold yesterday and flipped it to long via UGLD. Morning price action as been pretty good and we’ll see if they can hold some MOMO.

  • StockTalker

    If the dollar looses this neckline it’s over

  • ridingwaves

    I was, should have said $WTIC, daily gap at 70-74.. I would like to see a shake out around here back to 58 for final thrust

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    what time frame?

  • StockTalker

    Look at a 5yr weekly

  • BobbyLow

    Cool. Crude has been pretty much in an I only want to go up mode since September so 70-74 is definitely possible. As you suggested there will probably be a few shake outs along the way.

  • StockTalker

    Yes, short this market!!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    agreed.
    if $91 doesn’t hold, 88 is not far away!
    slippery slope.

    http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=5&mn=0&dy=0&id=p16334417212

  • BobbyLow

    Are you sure you want fuck with Mother Nature? 🙂

  • StockTalker

    lol, this is a major inflection point. tread lightly here with any long positions. The dollar still rules the roost.

  • ridingwaves

    anyone that has been treading lightly is now under the sea dead…..hanging with jack sparrow or whale carcass

  • Mark Shinnick
  • BobbyLow

    I hope you do well. It’s going to fall one of these days. Shorting equity indices kicked my ass big time a few years ago. It’s been a long journey back since then. Sticking with oil and gold maintains what’s left of my sanity and my besides my stuff doesn’t work with equities anyway and keeps me from touching the hot stove again. 🙂

  • ridingwaves

    biggest drawdown in 5 years on NG….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Totally understand, have been to the dark side and back many times. Stick with what works for you. swing trading is my thing, very good at it too.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Again, I don’t care what anybody else does!!

  • ridingwaves

    ok, just letting you know pickings are slim at the bottom of the sea, too many people down there now….with as many times as you went short with top call, I’m sure you see some friends down there..

  • StockTalker

    Got it, have been long /NG and have traded many different symbols. I do not post everything that I do but the time will come and again it will catch everyone by surprise. That is just how it works, this market will not continue forever like everybody has now forgotten.

  • ridingwaves

    nothing last forever but the earth and sky…..trick answer

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    damn… that and a NKTR buy in October and you would have some nice change…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    infi looking ok?

  • Julie

    Hi GG F I did mot like the action yesterday as I stated in a post yesterday that F bounced off it’s daily 8 ema and closed above it’s 5 ema. Sure enough a bounce today. XHB in a post looking for a drop to it’s 60 min cloud lower boundary matching a lower rising trend line. https://uploads.disquscdn.com/images/9d85888f6b8bcfbf2aa3c2d326a2e910e5600ab9b4b1320efa3282bddde5ff11.png Voila It Did Stated looking for a lower high following the present bounce off the cloud to add to a short probe yesterday. Now the bounce so far I do not like retracing more then 75% and breaking above the trend line on the CCI (20) If wrong on short probe will not be wrong long. Shown XHB 60 min chart JULIE

  • http://evilspeculator.com Sir Mole III

    Hey guys – I’ve got family visiting, so I’m a bit strapped for time this week. Will post the next installment tomorrow however (if anyone cares ;-))

  • Mark Shinnick

    Markets appear to be disregarding the % situation to again favor the trend but there is obvious noise in this inflection zone. Reit situation is evident for “real” so, again, heads up.

  • Julie

    Thanks Chief You do what you must do ! Enjoy your family Mole
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    F back testing a broken trend line retracing approx. 75% as I type. A post below I did not like the action yesterday as the minor pullback appeared corrective. Possible 3 drives to the top pattern playing out since end of October Needs a bearish close below it’s daily 5 ema Shown F daily chart https://uploads.disquscdn.com/images/aebb1d1be3c0b4489681c0538aff132fe717fedf059095f48227488e2532d352.png JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Thanks GG
    JULIE

  • BobbyLow

    Stopped on Long Oil +1.52 R. On sidelines for now. Still long Gold.

  • Julie

    Nice BL !
    JULIE

  • BobbyLow

    Thanks Julie. 🙂

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Next Thousand Trades..

  • ridingwaves

    https://uploads.disquscdn.com/images/b59f5103eede6b4c24ba5fbe0ca38c357b120815dc611fe3ac488db37507f0b6.png interesting, IYR could backtest 78.80, thatt would be sweet entry for DRV

  • Julie

    GG able to setup a regression channel for F but having a difficult time CAT
    JULIE

  • BobbyLow

    Yep

  • Julie

    Good Grief CAT is parabolic !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    he he.
    You have to discern when to use the right tool.

    EDIT: Hammers are great, but not when it’s your thumb at risk.

    https://uploads.disquscdn.com/images/52279b96d9348f010128f68931e1e8766bd4bf4e9d19ab12e5c11e9a2af8641f.png

  • Julie

    GG CAT weekly chart the regression channel i.e. lower channel matches the Ichi Cloud baseline (21) before the parabola WOW ! CAT wekly Chart https://uploads.disquscdn.com/images/0d1ec1c5ef51207db6434b2cdbd36c65118fb9e4b7fbb85dd3d833e6ad6dfdc0.png JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    should I be Nervous?
    I could really use one of MOle’s momo posts!

    remember when I was calling for 90 more points to 2666?
    oh those were the times.
    😉

    https://uploads.disquscdn.com/images/495fd7cf3e23cfe9112159eaea65d7cf2e2fa23fd31780e78a8bbcce13bbdd79.png
    -GG

  • StockTalker

    Nice!!

  • Julie

    GG You and my husband are correct XHB wait till a dump below the 21 ema matching the lower Bollinger band with the 55 or 89 ema then short the lower high into the declining 21 ema Lesson learned on picking tops. Perhaps a minor double top XHB Very very small short probe …… ! Plenty of dry powder
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Of course we are. Sly foxes we be.
    😉

    Learn the symptoms of cougar-itis, and counter it with charts. not feelings.
    You have great potential.
    -GG

  • Julie

    Thanks GG ! I really mean it Bro ! Listen to everyone here !
    JULIE

  • StockTalker

    -2 /YM now, stop 25550

  • ridingwaves

    i have an eye on this trade now….this has been long time coming…everything looks up, just would like to see the faster mvg average overtake long term cycle line

  • ridingwaves

    if there is anytime to drop this, its before earnings season next week with banks starting off 17th-18th, meaning ASAP

  • Julie

    GG My husband told me what to do on a parabolic rise No daily chart only weekly chart. The parabola will go vertical on the weekly chart and near vertical on the monthly chart. There will be a substantial dump on the weekly chart then a substantial bounce to a lower high. You short the reversal candle weekly chart only on the lower high The substantial dump from the very vertical high at a minimum must go down to the weekly 21 ema
    JULIE

  • StockTalker

    OPX next week too

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    do you want to rephrase that first comment?
    LOL.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m assuming the lower high will reveal the divergence between price and RSI?
    that’s the plan, anyway.

  • Julie

    CAT Weekly chart the parabolic rise shown now vertical If it dumps now then watch for a bounce at the 21 ema (the minimum) matching support and short the lower high. The dump will be almost vertical fast and furious JULIE https://uploads.disquscdn.com/images/fd60692c180ef2f314a88d606883a318f298088cdca5b37fb2a316db7bcc97c9.png

  • StockTalker

    Good lord!

  • Julie

    Hi Stalker Checkout the monthly chart CAT ! Unreal !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Hi Stock talker not stalker LOL !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    oh, log it in your journal.
    potential victims.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Time.
    Check.

  • Julie

    GG I might watch CAT at the weekly 13 ema …… Hmmm !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    sounds like a research project.

    maybe look back at good times for CAT when it peaked, crashed?
    see what the technicals did then.

  • Yoda

    That sounds like a short on a failed retest of the top.

  • Yoda

    If we keep grinding upwards during OPEX week and simply staying at this price level, fireworks will likely be delayed until OPEX is done with.

  • Yoda

    Meh fib fan

  • Julie

    Yoda Not the top but a lower high from a bounce from a substantial drop The drop is the institutions exiting all at once
    JULIE

  • Julie

    USO Weekly chart of para https://uploads.disquscdn.com/images/786e57549b31b05f329f7239d4b5b6456b7dcd088626dc2d83c2270cab5cb18d.png bolic rise 2005 — 2006. The fast and furious dump down to approx. the 21 ema green horizontal line minimum as my husband states Then the bounce to a lower high red line Shown USO weekly chart JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Just pull the OIL plug at the weekly 66ma. (AUG ’06)
    [WTIC] – and trade USO accordingly.

    http://stockcharts.com/h-sc/ui?s=%24WTIC&p=W&st=2004-01-01&en=2007-01-01&id=p65668261178

  • Julie

    Thanks GG I see it
    JULIE

  • Julie

    GG We are going to nail CAT for the long ride down. My husband states that parabolic rises dump to almost where the parabola begins.Yeah !
    JULIE

  • Julie

    Weekly chart only ! That way we will not be premature. He insists weekly only !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I don’t think you have the patience. But you can try.
    😉

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG My husband has taught me how to trade momentum ! Yeah ! Will get with you tomorrow or tonight if you are on board !
    JULIE

  • http://evilspeculator.com Sir Mole III

    That’s me back when playing Duke Nukem. I’m a bit better now…

  • http://evilspeculator.com Sir Mole III

    German crypto trader caught on camera: https://www.youtube.com/watch?v=q8SWMAQYQf0

  • http://evilspeculator.com Sir Mole III

    Ladies and leeches – still need an hour to finish the post. Sorry, my visiting family members are the proverbial black hole of attention.

  • Mark Shinnick

    Just think, out of all that chaos comes out a pretty symmetrical last 13 days trading in Bitcoin.

  • HD

    Closed the /XBT -1 for $3000+ this week. Still expect LL.
    Bow is tuned up. Deer and Javelina tag in hand. HAGWE

  • BobbyLow

    Nice one HD! Is that a Bitcoin Future?

  • Mark Shinnick

    Bill Gross: Bonds, like men, are in a bear market.
    “Oprah shouted, “Their time has come”.

  • HD

    Thx, it is. The CBOE fute. EW count was spot on, price and time.
    I’d post the update EW count but all it generated last time was a youtube video…. ha

  • ridingwaves

    dollar on precipice…

  • Mark Shinnick

    You are dead-nuts right-on with that according to my own model.

  • http://evilspeculator.com Sir Mole III

    Okay, it’s done: NEW POST!

  • http://evilspeculator.com Sir Mole III

    I hope you’re right.

  • http://evilspeculator.com Sir Mole III

    Nah – just kidding… 😉

  • Mark Shinnick

    Its that model’s same September 11, 2017 bounce point…weird ironic number stuff. Does local momo and a set-off local H&S now govern…or ??