This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COToday is one of the most brutal days that we have experienced in any market. There's no sugarcoating it. After suffering over a week of pain, the market seemingly capitulated, with one of the largest and fastest drops we have seen. While Bitcoin dropped, Bitcoin dominance bounced hard, causing altcoins to finally capitulate on their Bitcoin pairs as well. Double whammy.The market looks ugly.Even bears were surprised by the strength of this move - I definitely did not see it coming.Welcome to crypto.We have been here before, we will be here again and most importantly, we will be fine.Almost all of my "price will never get this low" stink bids filled this morning. As nauseating as the drop was, I was prepared for it with orders and I never alter my plan once it is in place. I can say frankly that I was uncomfortable with these bids filling, which is usually a good sign that the bottom is near.I jumped on a quick impromptu livestream, because a lot of you asked me for my immediate thoughts and I thought that was a better medium to share. You can watch that here.I hope you know that we are all in this boat together. My portfolio is down over 60% from the top, like everyone else. I have been buying and see those investments under water. But NOTHING has changed for me, this is the nature of markets and investing.If you bought Bitcoin because you believe it is a hedge against inflation and that Central Banks are bad actors, that is still true, regardless of price action. In the worst case scenario of a dollar collapse, Bitcoin will show it's real value, regardless of the price today. That's why you buy something as a hedge.If you think Bitcoin is going to 250K one day, that is still true. One day of price action means nothing for the value of an asset. Zoom out. We all thought the world was ending last March, and Bitcoin went from $3,800 to $65,000. Keep Calm And Carry On.Today's issue will be a bit shorter. IntoTheBlock did not share their weekly analysis, which will be coming tomorrow. There also is not much to chart, as we need to see where the dust settles. This is probably a good day to go turn on Netflix and chill!I am STILL going to do the chart request stream, but can tell you in advance that every chart looks the same and there's nothing we can glean from the charts until the dust settles. If there's something you really want to see, feel free to request. Chart Request live stream today at 2 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 1 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.I can not guarantee I will do your chart, I will do my best.Chart Request FormStream link: https://www.youtube.com/watch?v=-J_M0TNKsHkIf you are a new member, please refer to Issue 236 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-236-think-like-a-whale-592727) for instructions on how to make my charts your own.In This Issue:Keep Calm And Carry OnBitcoin Thoughts And AnalysisCrypto Can Be Frustrating, The Internet Was Too BlockFi Proves: Not Your Keys, Not Your CoinsMajor Exchanges Hate VolatilityTesla Has Diamond HandsMy Recommended Platforms And Tools
The Wolf Den #245 - Keep Calm And Carry On
The Wolf Den #245 - Keep Calm And Carry On
The Wolf Den #245 - Keep Calm And Carry On
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COToday is one of the most brutal days that we have experienced in any market. There's no sugarcoating it. After suffering over a week of pain, the market seemingly capitulated, with one of the largest and fastest drops we have seen. While Bitcoin dropped, Bitcoin dominance bounced hard, causing altcoins to finally capitulate on their Bitcoin pairs as well. Double whammy.The market looks ugly.Even bears were surprised by the strength of this move - I definitely did not see it coming.Welcome to crypto.We have been here before, we will be here again and most importantly, we will be fine.Almost all of my "price will never get this low" stink bids filled this morning. As nauseating as the drop was, I was prepared for it with orders and I never alter my plan once it is in place. I can say frankly that I was uncomfortable with these bids filling, which is usually a good sign that the bottom is near.I jumped on a quick impromptu livestream, because a lot of you asked me for my immediate thoughts and I thought that was a better medium to share. You can watch that here.I hope you know that we are all in this boat together. My portfolio is down over 60% from the top, like everyone else. I have been buying and see those investments under water. But NOTHING has changed for me, this is the nature of markets and investing.If you bought Bitcoin because you believe it is a hedge against inflation and that Central Banks are bad actors, that is still true, regardless of price action. In the worst case scenario of a dollar collapse, Bitcoin will show it's real value, regardless of the price today. That's why you buy something as a hedge.If you think Bitcoin is going to 250K one day, that is still true. One day of price action means nothing for the value of an asset. Zoom out. We all thought the world was ending last March, and Bitcoin went from $3,800 to $65,000. Keep Calm And Carry On.Today's issue will be a bit shorter. IntoTheBlock did not share their weekly analysis, which will be coming tomorrow. There also is not much to chart, as we need to see where the dust settles. This is probably a good day to go turn on Netflix and chill!I am STILL going to do the chart request stream, but can tell you in advance that every chart looks the same and there's nothing we can glean from the charts until the dust settles. If there's something you really want to see, feel free to request. Chart Request live stream today at 2 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 1 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.I can not guarantee I will do your chart, I will do my best.Chart Request FormStream link: https://www.youtube.com/watch?v=-J_M0TNKsHkIf you are a new member, please refer to Issue 236 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-236-think-like-a-whale-592727) for instructions on how to make my charts your own.In This Issue:Keep Calm And Carry OnBitcoin Thoughts And AnalysisCrypto Can Be Frustrating, The Internet Was Too BlockFi Proves: Not Your Keys, Not Your CoinsMajor Exchanges Hate VolatilityTesla Has Diamond HandsMy Recommended Platforms And Tools