It’s time to wake up and smell the money. One of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since your bank is only throwing pennies at your feet. Nexo, is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto, sit back, and earn some yield, you can make up to 12% annual interest by doing nothing. If you’re in the market for a loan, Nexo has them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check Nexo out and put your crypto to work for you.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhat a difference a day makes.Bitcoin has retraced the entire back end of yesterday's dump to 30K in a matter of hours. Anything can happen, but everything about the price action and fundamentals looks like a bottom, and a strong one at that.As uncomfortable as the past week has been, it's nice to look back at the history of price action for comfort. Back in 2017, Bitcoin hit a high of $2,999.91 in early June, but by mid-July the price crashed all the way back to $1,843.03 - roughly a 39% drawdown. Considering exchanges record different prices, this was a +42% correction on some platforms. This magnitude correction occurred again a few months later in October during the bull run. This is the nature of the game. Yesterday's bottom amounted to over a 50% correction, which is significant, and largely a result of leverage.In this bull market, everyone was saying the next Bitcoin move would be explosive. What many did not consider was that it could be to the downside. With more leveraged traders than ever before, sharp moves hold more potential to drop deeper or shoot higher than ever before. Eventually, the volatility will subside as the market matures, but we should no longer be shocked by this kind of movement. Just remember - this too shall pass. Right now, the Crypto Fear and Greed Index is at a near-record low in the “extreme fear” territory. I have said all along that one of the main top signals is a shift in narratives. In just the past few weeks, everyone was calling for the flippening of Ethereum over Bitcoin and simultaneously supporting a Bitcoin supercycle this bull run. Celebrities were adding laser eyes. Dog coins were pumping. We saw countless claims that Bitcoin would NEVER see another major correction. It was after the shift in narrative that Bitcoin was going to 100k back in 2017 that left most of the market holding the bag. As Bitcoin begins to approach $100k and Ethereum closes the gap, these narratives may play out, but beware of new narratives emerging out of euphoria rather than evidence.I have no doubt that Bitcoin will continue to much, much higher targets. But I will also be more aware of the top signals, which were readily on display for anyone to see.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!This newsletter is always 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.In This Issue:What A Difference A Day MakesBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsAnalyzing The Crash From An On-Chain Perspective - IntoTheBlockChart RequestsCathie Wood Predicts $500k BitcoinAnonymous 4Chan User Allegedly Predicts Entire CrashAlameda Research Explains CrashJenny DAO - Democratizing NFTsSaito - Open Network For Web3The Wolf Of All Streets Podcast Ft. Plan BMy Recommended Platforms And Tools
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The Wolf Den #246 - What A Difference A Day…
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It’s time to wake up and smell the money. One of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since your bank is only throwing pennies at your feet. Nexo, is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto, sit back, and earn some yield, you can make up to 12% annual interest by doing nothing. If you’re in the market for a loan, Nexo has them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check Nexo out and put your crypto to work for you.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhat a difference a day makes.Bitcoin has retraced the entire back end of yesterday's dump to 30K in a matter of hours. Anything can happen, but everything about the price action and fundamentals looks like a bottom, and a strong one at that.As uncomfortable as the past week has been, it's nice to look back at the history of price action for comfort. Back in 2017, Bitcoin hit a high of $2,999.91 in early June, but by mid-July the price crashed all the way back to $1,843.03 - roughly a 39% drawdown. Considering exchanges record different prices, this was a +42% correction on some platforms. This magnitude correction occurred again a few months later in October during the bull run. This is the nature of the game. Yesterday's bottom amounted to over a 50% correction, which is significant, and largely a result of leverage.In this bull market, everyone was saying the next Bitcoin move would be explosive. What many did not consider was that it could be to the downside. With more leveraged traders than ever before, sharp moves hold more potential to drop deeper or shoot higher than ever before. Eventually, the volatility will subside as the market matures, but we should no longer be shocked by this kind of movement. Just remember - this too shall pass. Right now, the Crypto Fear and Greed Index is at a near-record low in the “extreme fear” territory. I have said all along that one of the main top signals is a shift in narratives. In just the past few weeks, everyone was calling for the flippening of Ethereum over Bitcoin and simultaneously supporting a Bitcoin supercycle this bull run. Celebrities were adding laser eyes. Dog coins were pumping. We saw countless claims that Bitcoin would NEVER see another major correction. It was after the shift in narrative that Bitcoin was going to 100k back in 2017 that left most of the market holding the bag. As Bitcoin begins to approach $100k and Ethereum closes the gap, these narratives may play out, but beware of new narratives emerging out of euphoria rather than evidence.I have no doubt that Bitcoin will continue to much, much higher targets. But I will also be more aware of the top signals, which were readily on display for anyone to see.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!This newsletter is always 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.In This Issue:What A Difference A Day MakesBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsAnalyzing The Crash From An On-Chain Perspective - IntoTheBlockChart RequestsCathie Wood Predicts $500k BitcoinAnonymous 4Chan User Allegedly Predicts Entire CrashAlameda Research Explains CrashJenny DAO - Democratizing NFTsSaito - Open Network For Web3The Wolf Of All Streets Podcast Ft. Plan BMy Recommended Platforms And Tools