I believe ethereum:native will outperform the NASDAQ by multiples over the coming years. One of the most bullish pairs charts I'm tracking right now is ETH/QQQ. There's an extremely large, well defined bullish pinbar on the 4M chart that formed directly off the bottom of the current channel and managed to close above key resistance of 3.33. In addition to that, this has also set up another macro higher low from the 2017 and 2020 major lows. Even more interesting is if ETH/QQQ managed to close the year anywhere between 5 and 7, that would form an Inside Bar / Pin Bar continuation pattern on the yearly chart, which is just insane and something I have almost never seen. That type of setup would keep me long ETH more years than I am expecting and could be pointing to price targets well beyond the 20k levels I'm tracking right now. But there's a lot that can happen between now and Dec 31st, so one step at a time. The first major test will come @ 7 which is channel resistance. A 2x from here. Once it breaks through that level is when I expect things to really heat up. Everything until then is just the appetizer.

I also think most people aren't appreciating how insane it is that $BMNR is already above 1 mnav and we're barely off cycle lows. This is unusually bullish dat behavior at this point of the cycle (basically inning 1 of the bull run). I think it portends some very interesting things for this new bull cycle. Also Pentoshi is spot on 🎯

My measured take on the signifcant treasury moves this week... while I believe this will be a relief valve on the extremely hot go-go stocks, I don't think this is going to lead to some major bear market or economic catastrophe. I'm already seeing the same type of bearporn posts we saw during the Iran conflict where investors were certain the market was going to experience a massive crash. Then again we started seeing it after the hantavirus headlines, and how it was the new covid. Now again with rising yields. Not only has the AAII bear sentiment stayed stubbornly high during one of the strongest stock market rallies in history, it actually headed higher this week (and the poll was taken before the big yield moves on Thursday and Friday). Clearly these risks don't matter to the market as much as people think they should, but it is providing that continuous wall of worry that keeps retail sidelined, a hallmark of strong bull markets.

As a huge bond bull I warned people for months to stay away from duration. This is why. The yield is great but duration risk can destroy years worth of yield if you are caught too far out on the curve. I've been saying $IEF was the furthest out I was willing to go (around 6 years duration), but a few months back I went 100% $SGOV which is 0-3M t-bills. We need to wait for rates to shake out a bit more before wading into the deep end of the pool. Just collect the 4-4.5% for now and chill.