ETH revenge rally is near...disbelief will be hilarious. This movement would imply a roughly 4x outperformance of BTC for the final phase of the blow off top. So if it BTC 2x from 75k, that would place our targets on eth give or take around $10k.
This is Anton Kreil.
A kid from Liverpool, raised by a single mom with no money, who walked into Goldman Sachs at 20 and walked out of Wall Street at 28 with the kind of resume nobody believes is real.
His prop book at Goldman grew from $25M to over $400M in four years.
Lehman headhunted him in 2004.
JP Morgan paid him a fortune to run their global pharma, biotech, and chemicals trading franchises in 2006.
He retired in May 2007, months before the entire system blew up.
The 16 minutes below is the closest thing I've seen to an actual trader explaining how he thinks.
No fluff, no charts, just the framework that made three of the biggest banks on Wall Street fight to hire him.
BLACKROCK PRIVATE CREDIT FUND VALUATIONS PROBED BY DOJ
Bloomberg reports federal prosecutors are scrutinizing valuation practices at BlackRock $BLK TCP Capital.
TCPC is a publicly traded business development company tied to BlackRock’s private credit platform.
The fund made a rare off-cycle disclosure in January saying it expected to cut asset values by 19%.
NAV fell from $8.71 per share at the end of Q3 to $7.07 at the end of Q4.
Shares dropped 13% on January 26, the worst day since March 2020.
Investors later filed class-action lawsuits alleging the fund made false statements and failed to properly value loans.
BlackRock declined to comment.
Probes can end without charges.
Just some recent examples of persistent, high negative delta on a daily timeframe. There is significant market spot dumping going on here, that is being absorbed by passive buyers. Look at the magnitude of the drawdowns the last time we saw flows like this - 10-20% moves. Now? Less than 5%. Bears trying their best to dump this train right now. Do with this information what you will (for the mouthbreathers - this is bullish af).
bitcoin:native
When the price reaches below the cost to produce 1 bitcoin, that's when spot buying pressure reaches a natural maximum.
It's one of 7 reasons I shared why 60k is the bottom and we won't go lower. In live time on Feb 6th, and the months after that without changing my view.
For future reference, I expect this to continue to work, of course, always with a critical view.
But every time so far, it has passed that critical lens, convincing us of the bottom.
Good morning.
Earningeddon @ 4pm today. $MSFT $GOOG $META $AMZN. Meta and MSFT have the best setups. Expected moves give or take 5-7%. Setting some stink bids for AH fuckery.
The most comical outcome this year would be $eth ATH + alt szn while bitcoin maxis provide the revenge shorts all the way up. + lower high on BTC too. Yes 4yr cycle is dead. /tedtalk
Everyone and their mother, grandma, cat, dog is confidently whipping out the 2022 fractal. Targets like 20k. The bear just started etc. Surely, there's no way that scenario doesnt actually play out, right? right? ETH ATH this year would be pure comedy innit?
$IGV time to shine. MSB broken to the bullish side, backtesting all key MAs here. Most hated sector primed for catch up. Monster volume/dark pool activities at the less levels for the past two months smell like accumulation. Don't overthink it.
As we highlighted in our recent videos the bonds market $MOVE index has been accelerating upwards.
This historically has coincided with further volatility until it has been crushed.
All eyes on the $MOVE for now 👀👀👀!
@tradermatt Im more of a charge the wings at max speed kinda guy…low time of possession but usually more opportunities at lower accuracy but bigger payoff, if that cross is thru defense is cooked