The Wolf Den #151 - Capitol Building Stormed , Market Doesn't Care
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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 - this is WHERE I TRADE!What a start to 2021. While witnessing crypto hit a 1 trillion-dollar crypto market cap, we concurrently watched the U.S. Capitol Building being stormed by an angry mob of Trump supporters.2020 is finally over, but it seems that 2021 has said "hold my beer," with some more surprises in store for us. We could talk about politics endlessly, but there's no point - markets were largely unaffected and Bitcoin certainly did not react in a meaningful way to this embarrassing speed bump, unless you count continuing up to new all time highs as reacting.Getting back to crypto, achieving the trillion-dollar market cap was slightly reminiscent of Y2K in a sense, leaving me wondering what the updated CoinMarketCap might look like with our newest price quote. Nothing crashed, the website didn't shut down, and the market proceeded as normal with memes and celebrations. At this point, you could probably throw a dart while blindfolded and land on a coin that is in the green from a week ago, but the heavy lifting was done by Bitcoin and Ethereum - together they make up about 83% of the total market cap. Theses 2 coins have proven to be the safest two bets in crypto for long-term investors and are really setting the stage for what's to come.I am personally excited to see smaller projects get their due this year when Bitcoin and Ethereum calm down. I believe that there will be endless opportunities, particularly in the DeFi and NFT spaces.Bitcoin is still rising with no resistance in site. As a result, it's hard to find good altcoin trades today. I charted a TON of them in the requests, so that is worth watching. For now, I am holding off on sharing trades because they look rough across the board in their BTC pairs. And if they look good on a USDT pair, it's because BTC is rising and doing better. I am still in the positions discussed, with EGLD and SUSHI leading the way.In This Issue:Bitcoin Thoughts And AnalysisChart RequestsLivestream With Tradeboi CartiGains Come In WavesWhat Bitcoin Category Are You In?The UK Protecting Traders From... ThemselvesA Sliver Of Good News For TreasuriesThe Wolf Of All Streets Podcast Ft. Pierce CrosbyMy Recommended Platforms And Tools
The Wolf Den #151 - Capitol Building Stormed , Market Doesn't Care
The Wolf Den #151 - Capitol Building Stormed…
The Wolf Den #151 - Capitol Building Stormed , Market Doesn't Care
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 - this is WHERE I TRADE!What a start to 2021. While witnessing crypto hit a 1 trillion-dollar crypto market cap, we concurrently watched the U.S. Capitol Building being stormed by an angry mob of Trump supporters.2020 is finally over, but it seems that 2021 has said "hold my beer," with some more surprises in store for us. We could talk about politics endlessly, but there's no point - markets were largely unaffected and Bitcoin certainly did not react in a meaningful way to this embarrassing speed bump, unless you count continuing up to new all time highs as reacting.Getting back to crypto, achieving the trillion-dollar market cap was slightly reminiscent of Y2K in a sense, leaving me wondering what the updated CoinMarketCap might look like with our newest price quote. Nothing crashed, the website didn't shut down, and the market proceeded as normal with memes and celebrations. At this point, you could probably throw a dart while blindfolded and land on a coin that is in the green from a week ago, but the heavy lifting was done by Bitcoin and Ethereum - together they make up about 83% of the total market cap. Theses 2 coins have proven to be the safest two bets in crypto for long-term investors and are really setting the stage for what's to come.I am personally excited to see smaller projects get their due this year when Bitcoin and Ethereum calm down. I believe that there will be endless opportunities, particularly in the DeFi and NFT spaces.Bitcoin is still rising with no resistance in site. As a result, it's hard to find good altcoin trades today. I charted a TON of them in the requests, so that is worth watching. For now, I am holding off on sharing trades because they look rough across the board in their BTC pairs. And if they look good on a USDT pair, it's because BTC is rising and doing better. I am still in the positions discussed, with EGLD and SUSHI leading the way.In This Issue:Bitcoin Thoughts And AnalysisChart RequestsLivestream With Tradeboi CartiGains Come In WavesWhat Bitcoin Category Are You In?The UK Protecting Traders From... ThemselvesA Sliver Of Good News For TreasuriesThe Wolf Of All Streets Podcast Ft. Pierce CrosbyMy Recommended Platforms And Tools