TIME TO Front Run The Ethereum ETF
Description
It's time to Front Run the Ethereum ETF BEFORE options, perpetuals, and spot get too expensive for your champagne taste on a coca-cola budget. And in this video, we break down two ways to play it.
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But first the market.
On February 1, 2024 episode The Trading Pit, all signs point to consolidation. After the Fed announced no new rate hikes, the market is quieter than a national library on Christmas. New spot buyers haven't entered the market. ETF Flows appear to be a giant rotation, and the Options market is pricing in chop for months out. And Volatility is on stuck on snooze.
TradFi isn't much better.
After expecting fireworks on the month end, the DXY remains in range with no convincing impulse up or down. and rate markets signal yawn and sleepy time. But it's time will come. A breaks the 50 RSI or a rise above $104 means fireworks.
But the boooooooring market is here for Ethereum and the alt market too (but this is a good thing, more on that later). Some coins are getting bid. But liquidity is razor thin and your kinda sizable bid won't get filled. It's the Liquidity Tourist season seeking yield and catching the latest craze.
Not sustainable.
Speaking of things that won't last forever, have you see the ETH/BTC chart? After being declared dead, #eth roared back and proved that it's earned it's space on the cap table. But importantly, as people seek the final capitulation bottom on this pair (hint, it might still be lower. Or not.), the Big Trade is on the horizon.
So lean in, caffeine it up, and Pay Attention.
ETH is primed for lift off by the end of this year. And because everyone is seeking higher yields on it's competitors (#sol comes to mind), ETH is becoming the lonely trade. And that makes it cheap. You can still buy ETHE at ~20% discount to the real thing. ETH options on #CoinCall are bargain basement prices. Pick up a few of those for pennies and bob's your uncle (not investment advice).
TL:DL? The market's boring. TradFi is boring. And boring is the best time to find a mis-priced asset before it rockets to the moon.
So listen up.
Chapters.
00:00:00 Pre-Market: Boring Bitcoin
00:11:48 Grayscale and ETF Volumes Suggest Rotation
00:15:10 The Market Needs an External Impulse
00:20:00 DXY Next Move After the FOMC
00:29:01 The CoinCall Degen Trade
00:32:35 The ETH/BTC Break Point
00:41:10 Day Trade Screener
00:45:10 ETH Options Market
00:49:52 Time to Front Run the ETH ETF
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Disclosure Statement
This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.
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