The Wolf Den #24 - Buying Fear, Bitcoin Correcting, Risky Alts And More
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Markets have been selling off due to fears of the coronavirus and it's spread beyond mainland China. While this narrative is being pounded by the media, the real reason for the sell off is probably more straightforward.This is likely the market wondering when Chinese production will be back online.The supply chain is the real story for the global economy at the moment - and rumors are that China will likely be fully functional again by the end of March. Those are just rumors and hard to hang one's hat on, but it seems that they are working hard to get everyone back to the factories and resume business as usual. Assuming that happens, markets should eventually resume their upward trajectory.Couple this with the fact that a market dump would be bad for the current administration, and we may be looking at an opportunity to "buy the dip" through the coming weeks and months. I find it hard to imagine the government discontinuing their efforts to prop up the market through Quantitative Easing and other tactics in the near future during election season.Regardless, this is a pivotal time for markets so we should all be watching closely to see what the coming weeks have in store. I have discussed my current positions in this newsletter - I am hedging with short term shorts against my main positions, while concurrently looking for opportunities to buy dips on fundamentally strong companies.As for Bitcoin, I do not believe that it is a safe haven asset at this time. I discuss thus more thoroughly below. What’s in this issue?Bitcoin Thoughts And AnalysisGoing Long And Short Are Not The Same ThingAltcoin TradesBuying Fear And The Coronavirus - For INVESTORSLegacy MarketsThe $45M Sim SwapTip - Take A 3% Profit On Every Trade FOR A MONTH!
The Wolf Den #24 - Buying Fear, Bitcoin Correcting, Risky Alts And More
The Wolf Den #24 - Buying Fear, Bitcoin…
The Wolf Den #24 - Buying Fear, Bitcoin Correcting, Risky Alts And More
Markets have been selling off due to fears of the coronavirus and it's spread beyond mainland China. While this narrative is being pounded by the media, the real reason for the sell off is probably more straightforward.This is likely the market wondering when Chinese production will be back online.The supply chain is the real story for the global economy at the moment - and rumors are that China will likely be fully functional again by the end of March. Those are just rumors and hard to hang one's hat on, but it seems that they are working hard to get everyone back to the factories and resume business as usual. Assuming that happens, markets should eventually resume their upward trajectory.Couple this with the fact that a market dump would be bad for the current administration, and we may be looking at an opportunity to "buy the dip" through the coming weeks and months. I find it hard to imagine the government discontinuing their efforts to prop up the market through Quantitative Easing and other tactics in the near future during election season.Regardless, this is a pivotal time for markets so we should all be watching closely to see what the coming weeks have in store. I have discussed my current positions in this newsletter - I am hedging with short term shorts against my main positions, while concurrently looking for opportunities to buy dips on fundamentally strong companies.As for Bitcoin, I do not believe that it is a safe haven asset at this time. I discuss thus more thoroughly below. What’s in this issue?Bitcoin Thoughts And AnalysisGoing Long And Short Are Not The Same ThingAltcoin TradesBuying Fear And The Coronavirus - For INVESTORSLegacy MarketsThe $45M Sim SwapTip - Take A 3% Profit On Every Trade FOR A MONTH!