@Roman_Trading This is the downside of ETF approvals… crypto action shifts to the big boys on Wall Street. I expect them to become more correlated as ETF holdings increase
@Roman_Trading I wonder if it doesn’t want to go down to 62k again over the next few weeks to form the right shoulder of an inverse head and shoulders pattern
When #Altseason ?? 1/8🧵
$TOTAL.2 is testing the previous high, expecting down-trend to end once we test the upwards sloping trendline.
Price might stay sideways inside the blue box for a little longer until $BTC is forming its bottom.
#alts#total2#btc
Some good macro comments here. Don’t think the SPX will revisit Covid lows but do think corporate bond spreads likely to blow out as default risk increases
Potentially massive opportunity for insurance companies to begin adopting blockchain technology to improve their claim processing.
https://t.co/12y5akZi0w
Ignore the #bond markets at your peril. Decomposing US Treasuries into two parts shows bad, bad things! Rate expectations zooming and term premia crushed by tight #liquidity! We must be nearing a #crisis#pivot?? @FT@WSJ@johnauthers@JackFarley96
A very interesting Fed meeting.
As always, the devil is in the details.
Let's have a look at some of the most interesting nuances and market implications.
A thread.
1/
The prices of major crypto assets such as $BTC and $ETH are heavily correlated with the S&P 500. Many newcomers are confused by the various tickers associated with S&P 500 such as $SPX $SPY $ES and shy away from the space altogether.
Let's get more comfortable with them.. 🧵
Tough for these big investment committees to venture into crypto because of job security, but the smart ones should be pounding the table right now as it’s highly likely to outperform every other asset class from here over a three year time horizon https://t.co/RwTYldOsWk
It’s true… as Chris Dixon said, what the smartest people are working on during nights and weekends everyone else will be doing for their day job 10 years from now
Putting together a thread on how to both acknowledge momemtum, & then join it in a risk managed & responsible manner, giving high R, high conviction set-ups, you can allocate high relative risk to.
Will cover a wide range of price action concepts & tie them together.
🧵👇