The Wolf Den #108 - The Global Economy Looks Shaky
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This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Today's job report showed 750,000 new claims for unemployment. This number would have been record breaking at any other time in history, but is viewed as an afterthought 7 months into the global economic slowdown.Still, it is an important reminder that the average American (and person around the world) is still suffering, while stock continue to rise and companies continue to receive as much "stimulus" as they can hoard in their Scrooge McDuck style safes.The disconnect between the economy and the stock market has in no way been corrected. It's just been accepted as normal, like many things that once caused outrage or shock. The looming lockdowns and business closings for the incoming "second wave" of Covid are ominous, considering people are still out of work and losing their jobs. Things are still very shaky, and likely to take a turn in the wrong direction.The good news is that many people seem to be realizing what a broken and unfair system they are a part of. With time, my bet is that they will start to opt out or hedge, and the best way to do that will be with Bitcoin.There have been so many indicators that this is happening, from top to bottom. I listed them on Tuesday, so no need to reiterate what you already know about the steps we are taking towards mass adoption.I had a 90 minute conversation yesterday with Michael Saylor which was truly inspiring. I can't wait to release it - I think you will soon agree that the systems of the past will no longer be sustainable in the future.Keep buying Bitcoin, either because you are a believer or because you believe in having some "just in case." Both are great reasons.I will be live on youtube again today at 2 PM with Dan Gunsberg from HXRO exchange, who is also an amazing trader with decades of experience. You should check it out!https://youtu.be/VoeeqzqAQJsA general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-crypto-newsletter-issue-10-219754 and have it sent to you) for instructions on how to make my charts your own.IMPORTANT - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email! Also mark that I will chart them LIVE ON YOUTUBE at 2PM EST EVERY WEDNESDAY!What’s In This Issue?Bitcoin Thoughts And AnalysisAltcoin ThoughtsThe Importance Of Using A Stop LossDollar Cost Averaging 101Edward Jones Addresses Concerned InvestorsCrypto Company Receives National Bank CharterElectroneum Continues Towards Mainstream AdoptionThe Wolf Of All Streets Podcast Ft. Chris SpadaforaChart RequestsMy Recommended Platforms And Tools
The Wolf Den #108 - The Global Economy Looks Shaky
The Wolf Den #108 - The Global Economy Looks…
The Wolf Den #108 - The Global Economy Looks Shaky
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Today's job report showed 750,000 new claims for unemployment. This number would have been record breaking at any other time in history, but is viewed as an afterthought 7 months into the global economic slowdown.Still, it is an important reminder that the average American (and person around the world) is still suffering, while stock continue to rise and companies continue to receive as much "stimulus" as they can hoard in their Scrooge McDuck style safes.The disconnect between the economy and the stock market has in no way been corrected. It's just been accepted as normal, like many things that once caused outrage or shock. The looming lockdowns and business closings for the incoming "second wave" of Covid are ominous, considering people are still out of work and losing their jobs. Things are still very shaky, and likely to take a turn in the wrong direction.The good news is that many people seem to be realizing what a broken and unfair system they are a part of. With time, my bet is that they will start to opt out or hedge, and the best way to do that will be with Bitcoin.There have been so many indicators that this is happening, from top to bottom. I listed them on Tuesday, so no need to reiterate what you already know about the steps we are taking towards mass adoption.I had a 90 minute conversation yesterday with Michael Saylor which was truly inspiring. I can't wait to release it - I think you will soon agree that the systems of the past will no longer be sustainable in the future.Keep buying Bitcoin, either because you are a believer or because you believe in having some "just in case." Both are great reasons.I will be live on youtube again today at 2 PM with Dan Gunsberg from HXRO exchange, who is also an amazing trader with decades of experience. You should check it out!https://youtu.be/VoeeqzqAQJsA general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-crypto-newsletter-issue-10-219754 and have it sent to you) for instructions on how to make my charts your own.IMPORTANT - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email! Also mark that I will chart them LIVE ON YOUTUBE at 2PM EST EVERY WEDNESDAY!What’s In This Issue?Bitcoin Thoughts And AnalysisAltcoin ThoughtsThe Importance Of Using A Stop LossDollar Cost Averaging 101Edward Jones Addresses Concerned InvestorsCrypto Company Receives National Bank CharterElectroneum Continues Towards Mainstream AdoptionThe Wolf Of All Streets Podcast Ft. Chris SpadaforaChart RequestsMy Recommended Platforms And Tools