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RiskReversal Pod

Off the Charts with Carter Braxton Worth

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 21 May 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss this week’s crypto sell-off and subsequent recovery (1:07), how correlated it is to the broader market (8:42), what Dan’s calling “The Transitory Tantrum” (12:42), and Danny Rips Off The Tape on the SEC Whistleblower Program (18:52). The co-hosts interview Carter Braxton Worth (22:19) and talk about his early days in finance (25:24), some “behind the charts” of his technical analysis (27:42), Carter’s call on Bitcoin (43:19) and parallels between sh*tcoins/other high-flying stocks today and certain .com stocks of the late 90s (46:50). We end with hearing how he found his way onto CNBC (52:21). ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. Follow the co-hosts: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to On the Tape. I'm Guy Adami.

0:02.6

Joined as always by Dan Nathan and Danny Moses.

0:05.4

Yes, they are, my dear friends.

0:07.1

Today we'll be talking about the craziness in crypto markets, a possible transitory tantrum.

0:14.1

And later we'll be going off the tape in an interview with our CNBC friend, Carter Braxton, Worth. We'll really get behind the charts from

0:23.4

the best in the biz. Stick around. We got a great show for you. A lot happened this week.

0:30.0

There's a lot to digest, but you know what? For me, the story of the week was crypto. We saw a huge move.

0:34.4

I mean, at its peak, I think Bitcoin traded north at 65,000. We saw a trade

0:38.9

basically with a 30,000 handle, back up to 40,000. I want to know why it went down. I have some

0:46.4

thoughts, but Dan, Nathan, what's going on here in the crypto? You're the crypto baller amongst

0:51.1

us. Well, listen, you want to know the why, but you come to me with nothing.

0:55.3

Okay, that is a quote from a movie that you will never get Guy Dami because you haven't seen a new movie since the late 80s.

1:01.0

Reservoir Dogs.

1:02.3

No, not that.

1:03.4

Okay, but here's the deal.

1:04.6

I mean, you know, listen, we've been talking on this podcast since we launched it in mid-January about these pockets of unusually positive

1:12.9

sentiment. I think, Danny, in the very first podcast that we did, you talked about the speculative

1:19.1

fervor that we're seeing with all sorts of investors, whether it be through their Robin Hood app,

1:25.3

whether it be through their Coinbase app, whether it be through their Coinbase app, whether it be through

1:27.9

their Draft Kings app. And one by one, we've seen a lot of these pockets of enthusiasm fall by the

1:33.0

wayside in 2021. So here's the thing, man. I mean, think about how parabolic crypto has gone in the last

1:41.0

couple of months. It just couldn't be sustainable. I think the thing that's

...

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