The Wolf Den #1137 - Master Your Greed Before It Masters You
This Feeling Won’t Last – But Your Strategy Should.
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In This Issue:
Master Your Greed Before It Masters You
Bitcoin Thoughts And Analysis
Altcoin Charts
Legacy Markets
Crypto ETF Flows Are Ramping Up
“Anti-Crypto Corruption Week” Is A Joke
Is Jerome Powell Stepping Down?
EU Regulators Are Investigating Robinhood’s Stock Tokens
Can Bitcoin Reach $1,000,000 In 2 Years? Gary Cardone Says Yes. Here’s Why.
Master Your Greed Before It Masters You
Let’s do an exercise.
What are you feeling right now?
Seriously – pause for a moment. Check in with yourself. Is it excitement? Relief? Maybe even a little disbelief or euphoria?
Bitcoin is relentlessly printing all-time highs. The altcoins you’ve been patiently (or not-so-patiently) holding are finally showing signs of life. And if you’re on the HYPE, BNB, or TRX train, give yourself a nod. Well done.
After months – or years – of conviction, that validation is beginning to set in. The charts look strong. Your portfolio’s in the green. And for the first time in a while, the momentum feels tangible – like something real that could keep building.
Take a mental snapshot of this moment. Better yet, grab a journal – or even just a sticky note – and try to articulate exactly where your head and your decision-making are right now. I’ll do it with you. Let your thoughts flow freely and without judgment. (Writing it down is the trick – I’ll explain why in a second.)
To help, reflect on a few prompts:
How often am I checking my portfolio? Am I obsessing over every tick or keeping composed?
What emotions are dominating my mindset – fear, FOMO, confidence, something else?
Are gains tempting me into lifestyle upgrades I wouldn’t have considered a few months ago?
Am I losing sleep because I’m thinking about crypto?
Do I find myself casually dropping crypto jargon into conversations just to flex?
Am I looking for reasons to share my portfolio gains with others?
Am I tempted to abandon my original plan because the profits feel too good to pass up?
Do I truly believe I’ve leveled up as an investor – or am I riding luck and timing?
Am I chasing the next hot altcoin or doubling down on my winners?
How am I responding to the hype on social media – filtering or getting swept away?
Am I celebrating every green candle or already bracing for the next pullback?
Have I shifted the goalposts on when and how I’ll take profits?
How much of my identity is currently tied to “being in crypto”?
It’s entirely natural to feel good right now – to take pride in being part of something this transformative and to reflect on the hard work that’s brought you here. But here’s the thing: that positive energy can quickly tip into overconfidence or emotional decision-making. That’s where mistakes happen.
When it comes to your finances, emotions are not your ally.
They distort logic and undermine sound judgment.
I say this from experience. I’ve made every mistake imaginable – and worse, I’ve berated myself for failing to follow my plan or take profits when I clearly should have. The key is recognizing these emotional inflection points early and responding with discipline. And when you do slip up – which you will – don’t punish yourself. Refocus and recalibrate. Investing is like treating a chronic condition: identify your weak spots and intervene, or risk letting things spiral out of control.
Now let’s zoom out and look at the macro.
Imagine this: quantitative easing is reignited, the tariff tantrum fades into the background, Jerome Powell steps down or finishes his term, a tech giant reveals it’s adding Bitcoin to its balance sheet, the dollar weakens, equity markets cooperate, the U.S. starts accumulating Bitcoin – and suddenly other nations follow suit.
Think today’s market looks bullish? Wait until Bitcoin hits $150K and Ethereum crosses $5K. We’ve barely cracked open the door to what this cycle could become. When things accelerate, they’ll do so at breakneck speed.
That’s why writing down your current mindset matters. When the market becomes even more volatile, your emotional responses will intensify. Capturing today’s clarity gives you a baseline to return to – a way to stay grounded, avoid reactive decisions, and remain aligned with your strategy.
If you can’t contain your emotions now, there’s little chance they’ll stay in check when Bitcoin jumps 10% or 15% in a single day – again and again.
Whatever you wrote – hopefully on paper – keep it visible. Tape it to your monitor, pin it to your wall, or make it your phone background. If you’re relying on memory, fair enough – but just know it’s much harder to access that clarity when greed and adrenaline are running high.
I want to see every one of you win. For some, that means hodling and avoiding the noise. For others, it’s executing a disciplined profit-taking plan that changes your life. And for many, it’s about sticking to a trading system and resisting the itch to go off-script. Whatever your approach, the key is consistency – staying true to what works for you.
Master your greed, or it will master you.
With any luck, we’ll get continuation this week. “Crypto Week” officially begins today – but don’t assume that key legislation like the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act will sail through. The House is narrowly Republican, but Democrats remain vehemently opposed to anything touching Trump’s crypto agenda.
Expect a deluge of news – companies love to drop announcements when prices are moving in their favor. If you know someone who would benefit from this newsletter, forward it along. Let them know they can subscribe using the button up top – or the one right below.
Bitcoin Thoughts And Analysis
Bitcoin just closed another weekly candle near its highs – and this one confirmed what the last few were hinting at: the bulls are fully in charge. Price exploded through the $112,000 resistance level, turned it into support, and barely looked back. The move wasn’t subtle either – it was loud, confident, and backed by a strong candle with virtually no upper wick. That tells you all you need to know: there’s no hesitation here, just buyers pushing price higher. If this were a poker game, Bitcoin just went all-in on momentum, and no one at the table seems brave enough to call its bluff.
Even more impressive is how clean the breakout structure looks. After consolidating under $112K for weeks, BTC finally made its move, leaving behind a textbook support/resistance flip. As long as that zone holds, the path of least resistance is clearly up. There’s no major historical resistance overhead, which means we’re officially in price discovery – that magical place where technicals matter less and raw sentiment takes the wheel. The music is playing, and Bitcoin’s dancing like no one’s watching.
Volume has been quietly rising, even if it’s not screaming just yet. That’s a sign of real interest – not a frenzy, but sustained institutional nibbling and long-term conviction. The 50-week moving average is lagging far behind (hovering somewhere in the $80K range), which tells you how strong this trend really is. That line’s not catching up anytime soon – it’s gasping for air while price is sprinting ahead.
Could we get a pullback? Sure. That’s always on the table. But unless BTC fumbles back below $112K, the bulls aren’t just in control – they’re rewriting the rules. Next major psychological zones are $125K, $130K, and $135K, and with each passing week, they’re looking less like distant targets and more like stepping stones. Buckle up.
Altcoin Charts
For those who are new here, I share SETUPS and not SIGNALS. These are ideas that I am watching - if a certain thing happens, then the trade triggers. I am not telling you what to buy or when. I am showing you how I am watching certain charts and what has to happen for me to take a trade.
Quick update on ETH/BTC. As discussed, ETH is finding strong resistance at the daily 200 MA, riding it down for 5 days. On the ETH/USD chart, the 50 and 200 MAs are in the rearview. A break above the 200 MA on the daily chart vs. BTC could signal a major move in altcoins.
I will be sharing more altcoins charts in The Wolf Pack today.
Legacy Markets
U.S. stock futures slipped after President Trump escalated his tariff rhetoric, announcing proposed 30% duties on imports from the EU and Mexico and 35% on Canadian goods, all set to take effect on August 1. S&P 500 and Nasdaq futures each declined roughly 0.5%, with the Dow dropping by about 200 points.
While many traders have grown desensitized to these headlines - often referencing the “TACO trade” (Trump Always Chickens Out) - markets remain cautious. Copper prices rebounded slightly after the new tariff announcements, even as some investors anticipate potential softening or delays in the measures.
With futures pulling back, investor focus is now shifting toward upcoming inflation data and earnings from major banks and tech companies. Treasury yields are creeping higher, suggesting persistent inflation concerns remain top of mind. Meanwhile, Bitcoin surged past $120,000, reinforcing crypto’s emerging role as a macro hedge amid economic and geopolitical uncertainty.
Key events this week:
Monday, July 14
– FOMC Minutes (June Meeting): Markets digested fresh insight into the Fed’s internal discussions. No surprises on rate cuts, but concern over inflation persistence was noted.
– Bank Earnings Kickoff: JPMorgan and Citigroup reported strong Q2 numbers, with upbeat commentary on consumer resilience and AI-driven efficiency gains in investment banking.
Tuesday, July 15
– June CPI Report (8:30 AM ET): Arguably the most important release of the week. Expected: +0.3% MoM headline, +3.1% YoY. A hotter-than-expected number could push back expected Fed rate cuts.
– Bank Earnings Continue: Bank of America, Wells Fargo, and Morgan Stanley report earnings pre-market. Focus will be on loan loss provisions and net interest margins.
– BlackRock & Pepsi Earnings: Institutional and consumer trends intersect. BlackRock commentary may include digital asset growth.
Wednesday, July 16
– June Retail Sales Report: A key read on consumer spending. Expected to rise +0.1%. Stronger-than-expected data would reinforce Fed hawkishness.
– Goldman Sachs, PNC, US Bancorp Earnings: Attention will be on investment banking rebound and credit quality trends.
– Tech Watch Begins: ASML (a key semiconductor equipment provider) reports earnings—providing a forward-looking signal for AI demand.
Thursday, July 17
– Jobless Claims: Weekly unemployment claims could add nuance to Fed policy outlook.
– Netflix Earnings (After Market Close): Projected to show 45% YoY earnings growth driven by ad-supported subscriptions. One of the most closely watched reports of the season.
– TSMC Earnings (Before Market Open): Semiconductor bellwether. Results will reflect AI hardware demand and broader chip market dynamics.
Friday, July 18
– No Major Economic Reports: Expect follow-through from earnings and CPI implications to dominate market sentiment.
– Key Earnings: Johnson & Johnson, Novartis, State Street – final reads on healthcare and financials to wrap the week.
– Crypto Week Legislative Movement: Possible Congressional developments on the CLARITY Act, Anti-CBDC Act, and GENIUS Act.
Market moves:
Stocks
S&P 500 futures fell 0.3% as of 6:01 a.m. New York time
Nasdaq 100 futures fell 0.3%
Futures on the Dow Jones Industrial Average fell 0.3%
The Stoxx Europe 600 fell 0.3%
The MSCI World Index was little changed
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro was little changed at $1.1693
The British pound was little changed at $1.3484
The Japanese yen rose 0.1% to 147.26 per dollar
Cryptocurrencies
Bitcoin rose 2.4% to $121,970.25
Ether rose 1.8% to $3,045.05
Bonds
The yield on 10-year Treasuries advanced one basis point to 4.42%
Germany’s 10-year yield was little changed at 2.72%
Britain’s 10-year yield declined two basis points to 4.61%
Commodities
West Texas Intermediate crude rose 1.1% to $69.22 a barrel
Spot gold rose 0.5% to $3,371.59 an ounce
Crypto ETF Flows Are Ramping Up
I have the stats below. Up first is BTC:
Now we have ETH:
I’ve been thinking about a few things. First, it’s pretty remarkable that Bitcoin ETFs now represent 6.43% of the total market cap – and that’s not even accounting for lost coins. Second, Ethereum ETFs have only been live for about a year, roughly seven months less than Bitcoin’s, and they’ve already absorbed 3.77% of ETH’s market cap. Ethereum still has some catching up to do, but the pace is impressive, especially considering that ETH ETFs remain incomplete without staking provisions.
Frankly, I would’ve expected BlackRock to file for staking provisions with the SEC by now. Still, even without a formal filing, I’m confident it’s coming. Robert Mitchnick, BlackRock’s Head of Digital Assets, has spoken extensively about the firm’s interest in staking, and it’s clear they see long-term value there. It’s an ace Ethereum investors are quietly holding – one that hasn’t even been played yet.
“Anti-Crypto Corruption Week” Is A Joke
The battle over crypto regulation in Congress is quickly turning into a full-blown partisan brawl. Democrats in the House, led by Maxine Waters and Stephen Lynch, are aggressively pushing back against a Republican-led “Crypto Week” initiative aimed at advancing three major crypto bills next week. The proposals – covering stablecoins, market structure, and central bank digital currencies – are being fast-tracked by the GOP but face fierce resistance from Democrats who argue the legislation is reckless and lacks basic consumer protections.
Waters accused Republicans of enabling what she called a “crypto scam” tied to former President Trump, pointing to his financial ties to the industry – including a $620 million boost to his portfolio and a family-affiliated firm that recently launched its own stablecoin. Lynch echoed the criticism, accusing Republicans of catering to crypto interests while turning a blind eye to the risks and potential for abuse. With only a slim House majority, Republicans may find it difficult to pass the full package, especially as Democratic opposition mounts.
Nonsense below, you’ve been warned:
“They’re doubling down by fast-tracking a dangerous package of crypto legislation through Congress,” said Congresswoman Waters. “Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors. Worse still, these bills serve as a brazen stamp of approval for the blatant abuse of power we’re witnessing in real time. And the irony couldn’t be more glaring: the same Republicans who rail against a government-backed digital dollar in the name of ‘freedom’ are now rushing to hand over the keys to Americans’ financial future to Trump’s illegal and corrupt crypto empire.”
I understand the concern around a sitting U.S. president holding deep financial stakes in the very industries he helps regulate – but let’s not pretend Democrats haven’t played the same game with their own brand of corruption. The image below speaks for itself.
Democrats haven’t targeted crypto out of some noble sense of duty – they’ve done it because traditional financial institutions, especially big banks, have lobbied aggressively against it. This isn’t about protecting consumers – it’s about protecting the old guard. Fingers crossed we see key legislation move forward this week – it would be a win for both the industry and the country.
Is Jerome Powell Stepping Down?
Pulte is a credible source - he currently serves as the director of the Federal Housing Finance Agency. That said, his comments about Powell potentially resigning could be premature or slightly off the mark. I wouldn’t expect any confirmation unless it comes directly from Powell himself. While growing political pressure could accelerate the timeline, it's worth remembering that back in November, Powell stated he would not step down if Trump were elected. When asked what he’d say if pressed to resign, his response was a firm “no.” Several news outlets have also cited senior sources saying there’s no indication Powell plans to step down. Realistically, Powell understands the market-moving power of speculation and is unlikely to feed into it - if he does resign, he’ll likely make the announcement plainly and decisively.
EU Regulators Are Investigating Robinhood’s Stock Tokens
Robinhood is under investigation by EU regulators over its new blockchain-based “Stock Tokens,” which have raised concerns for potentially misleading investors. The Bank of Lithuania is examining whether the tokens - which track the price of companies like OpenAI and SpaceX - violate financial regulations by implying real ownership, even though they don’t confer any rights or actual equity. OpenAI publicly denied any involvement with the product, and Elon Musk criticized the tokens as “fake.”
I’ve covered this story extensively, but here’s a brief recap: these tokens, available only in the EU and running on Ethereum’s Arbitrum network, contributed to a temporary 13% spike in Robinhood’s stock. While some argue the tokens expand access to private markets, critics warn of their risks, including centralization, lack of liquidity, and regulatory gray areas. Meanwhile, Robinhood’s crypto business continues to grow, with Q1 revenue up 50% thanks in part to recent acquisitions.
Innovation and boundary-pushing are often met with resistance, so we should all be rooting for Robinhood.
Can Bitcoin Reach $1,000,000 In 2 Years? Gary Cardone Says Yes. Here’s Why.
Bitcoin just broke new all-time highs – but Gary Cardone says we haven’t seen anything yet. In this episode of The Wolf Of All Streets, we talk about why $200K is possible by year-end, how billionaires are entering with $100M buys, and why waiting to buy could cost you a shot at $1 million Bitcoin. If you’re serious about building wealth in this cycle, you need to hear this conversation.
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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this e-mail constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.