ARB - Bezos gets red pilled by Leo
018 - BTC All Time High and more Billionaire shenanigans
Tuesday - November 9th 2021
What a fucking week for crypto. Absolute mind melting pumps coming in the near future. The level of adoption blowing my mind. On top of that we had a good old fashioned red pill showdown between two of the most powerful/influential males on earth, Leo “Rob the cradle” DiCaprio and Jeff” Size Lord” Bezos. More on the beef below.
Investors will see October inflation data this week, with the producer price index Tuesday and the consumer price index being released Wednesday.
Analysts at Goldman Sachs have recently warned that the “imbalance between supply and demand will drag on longer than expected, “and the inflation overshoot will likely get worse before it gets better.” Makes sense to me.
PayPal shares fell by more than 5% in Tuesday’s premarket - PayPal also said it’s teaming up with Amazon to let U.S. customers pay with its Venmo service at the e-commerce giant’s checkout, starting in 2022 (CNBC).
Federal Reserve Chair Jerome Powell will speak at 9:00 a.m. ET today with officials from the Bank of Canada
Travis Scott’s Astroworld 2021 is now one of the deadliest concerts in US history. Eight people died and dozens more were injured. Likely a mixture of overcrowding, stampedes, drugs, and panic. Although their are reports an Astroworld security guard and others felt pricks in their necks. Rumors circulate someone was injecting people amid the chaos.
The New York marathon was Sunday, co-eds of all ages gathered in Brooklyn and the Upper East Side to slug IPAs and dress in Fall apparel. The signs were more than entertaining this year.
Earnings this week:
In case you missed it Leonardo DiCaprio and Jeff Bezos are engaged in a major beef now over a minx - like succubus. Note Leo’s hand movements, very Wolf of Wall Street - esque.
Here is the video that got it all started and if I do say so myself she is out of line. If I am Jeff she’s gone by morning. Many red pill truths here. I am going to give huge props to Leo as you can tell he was actually getting uncomfortable by how forward she was, he backs away when he expertly realizes Jeff is like WTF. God tier self awareness. Something we at Arbitrage Andy value highly.
Then things got absurd when Jeff flexed on Twitter calling out Leo with a sign of him looking pitted on a Hawaiian waterfall trailhead sign. lmfao.
Barstool Sports @barstoolsportsLeo is Mr. Steal Yo Girl https://t.co/PkwcRcoFvS
Was Jeff kidding? Would he actually have Leo murked by a Bosnian hit squad? One things for sure gents, doesn’t matter how much money you have, you won’t change female nature. They are biologically driven to seek a new mega level of Chad and even Bezo’s god like riches can’t slake their lust for a true Size God. Can’t knock them there, in many ways women are actually more savage than men in that regard. Let me know in the comments what you think of this debacle.
The 1,000 year bull market is here.
Meanwhile on the financial front, crypto has surged to astronomical levels with select Alt Coins pumping as well. Couple dynamics to be weary of here as retail turns their attention to crypto and institutions make larger strategic decisions as we approach year end.
I remain bullish BTC and ETH in the short term, but I am especially excited for ETH’s new moves in the coming months. There are several high profile narratives insinuating ETH is going to moon to $8K soon.
Right now Ether-bitcoin’s (ETH/BTC) weekly chart shows a bull pennant – a technical pattern marked by converging trendlines, indicating an impending continuation of the ether-bitcoin ratio’s upward move from 0.023 to 0.08 seen early this year.
A move above the upper trend-line would likely confirm a breakout or shift in market leadership toward ETH.
A bull pennant is formed when an initial higher move is followed by a narrowing price range or a consolidation phase. This consolidation is usually resolved to the higher side, allowing for an extension of the price rally. The pattern is negated if the consolidation ends with a downside break. Recent flows in both the spot and options market support the bullish case in ether.
“It does look like a bull pennant,” Daniel Kukan, senior cryptocurrency trader at Swiss-based Crypto Finance AG, told CoinDesk in a Telegram chat. “I believe ether can take the lead towards the year-end against BTC.” (COINDESK).
As a refresher here are my active crypto holdings I have held for over a year. Starting with my largest position and working down to 2-4% exposure.
As equity markets react to increasingly bearish inflation realities, it will be interesting to see if crypto can continue this power pump or if we see a substantial sell off across the board. Talk later this week. - Andy