McPally
@i_pally
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I am not actually Jerome Powell. Find me in the highly illiquid orderbooks.
Financial Markets
Joined December 2017
We'll cover it on @ForwardGuidance tomorrow but my take on FOMC is as follows. Powell appeared to be playing political games / posturing / CYA around the December verbiage, possibly to communicate to the admin to get the government reopened. It almost felt like a threat that if
FOMC day has arrived where per usual we will not learn anything new from Powell. The Fed's end to QT has already been leaked to big bank strategists and the WSJ, they will cut at their next two meetings to stay consistent with September dot plot and market expectations, and they
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A runaway bot jammed through the HYPE book with size, there were no liquidations or other adverse effects beyond this. Low volume was traded at very high prices, leaving the wick in creates scaling issues for the chart so it was scrubbed from the front end.
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Alright, since we're all (us, circlejerk of sheep-leading KOLs) race to suck-off @frankdegods insufferable ego. Let me highlight a few things: (since most soltards don't care to cross check anything) > Frank's first trade on the platform was a $4k loss. > Frank then sent
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I was very slightly early on this, but it is happening. Buy Bitcoin. Going to have a number of crazy 5-12k up days in next 2-3 months. Don’t miss out.
The big flip happening now. Now looking for BTC to outperform gold into year end. Just sold some gold futures and bought some BTCs.
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There you go. That’s the trigger. Next is massive rate cuts and M2 explodes higher. Same playbook. Same signals. Most of CT is on drugs but can’t understand crack spreads.
The refinery sector is like a pressure valve switch. It captures the spread and basically it happens every time 2017 same thing. it start moving It’s a signal. small window maybe two months three months max where I’m expecting that pressure valve to hit
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SEMI-SHOCK: T Rowe Price just filed for an Active Crypto ETF. They are a Top 5 active manager by assets (mostly mutual funds). Did not expect it but I get it. There’s gonna be land rush for this space too.
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An hour ago, $ENA wicked down 10% in just 2 minutes, liquidating the wallets linked to Andrew Kang on Hyperliquid (again). He was liquidated for a total of $47.38M on ENA - with roughly $8.5M of that backstop liquidated. This means HLP took over the position, generating around
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We're launching something that's never been done before: Aggregated Volume Footprints. We now merge order flow from up to 14 spot and perp exchanges into one global view. Now you can watch order flow across every major exchange at once.
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I will try this once xmr and certain btc folks, there are devs writing privacy code in literal jail right now trump is president, we have a window to finally make progress and make privacy normal again all over crypto when zcash succeeds, things like monero also succeed, all
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Trading gets a lot easier when you stop comparing your returns to other people's theoretical returns. All that matters is if you have edge, if you're realizing profit and taking it off exchange. You have to be honest with yourself, regarding edge, there may be periods of time
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The discrepancy between the internet and real life is stark. Spend a day online and it feels like the world is plummeting to zero. Then you go outside and see multiple stores with a line out the door Creates immense cognitive dissonance. How can everyone afford all of this
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I gave BTC another shot on Friday in 106’s with smaller size, thought process is basically that CT is calling for bear market, put skew highest since April, swept lows, books are most bid in a while, & gold finally took a breather. Would like to see momentum now to swing hard.
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QT is dead. QE is next. RRP is empty. Bank reserves <10% of GDP. SOFR > EFFR. 2019 repo playbook—only bigger. This ends with QE → YCC. Own what can’t be printed: Bitcoin and gold. Awesome newsletter from @jameslavish this morning.
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Potential 'W' bottoms in Bollinger Band terms in $ETHUSD and $SOLUSD, but not in $BTCUSD. Gonna be time to pay attention soon I think.
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