The Wolf Den #26 - Bitcoin, Legacy Markets, RSI Divs And More!
thewolfden.substack.com
Thank you for choosing to read The Wolf Den Newsletter! I am flattered and honored that you all have decided to join and I take the responsibility of providing worthwhile information very seriously. My intention for this newsletter was never for it to be a signal service or a place that you went to blindly find trades. In the context of a newsletter, I do not have the opportunity to update trade ideas on a regular enough basis - I can only post setups and update them days or weeks later.My goal is to show you how I view markets, how I approach trades and risk and offer you opportunities to develop your own system and utilize this information within your own parameters. I simply want to provide good info and help you on your journey as an investor or trader!I show you the trades I take - some are winners and some are losers, which is the nature of markets. As I always say, the way you manage your risk and your trades is all that truly matters. In the past month, many equities trades have been losers - it was hard to predict a black swan event like the coronavirus. That said, most of the trades that I have presented did offer opportunity for profit, and if you have been with me longer than a month, the opportunities were many. Disney raged on earnings before falling and ROKU did the same. Amazon rose from the entry of $2,050 to $2,185. All of these offered chances for traders to exit with a nice gain if played correctly. That is also true of a number of alt trades. That said, I lost money on some of these! Nobody is a perfect trader - getting comfortable with losing is the most important part of the game. We are each accountable for our own trades.I think there are a ton of opportunities in the crypto market at the moment. We will explore a few!Today we will take a deep dive into my thoughts on the current state of Legacy markets and the world economy, as well as my thoughts on current Bitcoin and altcoin price action. I have included a lengthy lesson on my favorite trading strategy - divergences with RSI. There's a ton of information here, hopefully you will find value in it.Announcement - The Wolf Of All Streets Podcast is coming next week, in conjunction with the fine folks at BlockWorks. They produce the biggest podcasts in the space, so I could not be more excited. I have already interviewed CEOs, athletes and politicians and am digging deep into the stories of your favorite people in the space. I am especially proud to have Voyager and RoundlyX, my two favorite companies in the space, on board as sponsors. I put out a newsletter like this EVERY TUESDAY for paid members. The setups and ideas alone have paid for people’s memberships many times over. It is only $15 a month - less than a weekly cup of coffee at Starbucks. Every Thursday, I look at requests from members and share their charts. It’s a HANDFUL, but I want to bring as much value as possible.Join HERE: https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot use a credit card, please respond to this email directly for BTC and crypto payment options. I will go out of my way to make sure that you have access to this information, as I believe the hard lessons that I have learned are valuable to beginners and advanced traders a like.What’s in this issue?Bitcoin Charts And AnalysisHXROAltcoin ChartsRSI And Divergences 101 - The BasicsInterview With Nathaniel WhittemoreLegacy MarketsHope Is Not A Trading StrategyRobinhood App Down For 17 Hours
The Wolf Den #26 - Bitcoin, Legacy Markets, RSI Divs And More!
The Wolf Den #26 - Bitcoin, Legacy Markets…
The Wolf Den #26 - Bitcoin, Legacy Markets, RSI Divs And More!
Thank you for choosing to read The Wolf Den Newsletter! I am flattered and honored that you all have decided to join and I take the responsibility of providing worthwhile information very seriously. My intention for this newsletter was never for it to be a signal service or a place that you went to blindly find trades. In the context of a newsletter, I do not have the opportunity to update trade ideas on a regular enough basis - I can only post setups and update them days or weeks later.My goal is to show you how I view markets, how I approach trades and risk and offer you opportunities to develop your own system and utilize this information within your own parameters. I simply want to provide good info and help you on your journey as an investor or trader!I show you the trades I take - some are winners and some are losers, which is the nature of markets. As I always say, the way you manage your risk and your trades is all that truly matters. In the past month, many equities trades have been losers - it was hard to predict a black swan event like the coronavirus. That said, most of the trades that I have presented did offer opportunity for profit, and if you have been with me longer than a month, the opportunities were many. Disney raged on earnings before falling and ROKU did the same. Amazon rose from the entry of $2,050 to $2,185. All of these offered chances for traders to exit with a nice gain if played correctly. That is also true of a number of alt trades. That said, I lost money on some of these! Nobody is a perfect trader - getting comfortable with losing is the most important part of the game. We are each accountable for our own trades.I think there are a ton of opportunities in the crypto market at the moment. We will explore a few!Today we will take a deep dive into my thoughts on the current state of Legacy markets and the world economy, as well as my thoughts on current Bitcoin and altcoin price action. I have included a lengthy lesson on my favorite trading strategy - divergences with RSI. There's a ton of information here, hopefully you will find value in it.Announcement - The Wolf Of All Streets Podcast is coming next week, in conjunction with the fine folks at BlockWorks. They produce the biggest podcasts in the space, so I could not be more excited. I have already interviewed CEOs, athletes and politicians and am digging deep into the stories of your favorite people in the space. I am especially proud to have Voyager and RoundlyX, my two favorite companies in the space, on board as sponsors. I put out a newsletter like this EVERY TUESDAY for paid members. The setups and ideas alone have paid for people’s memberships many times over. It is only $15 a month - less than a weekly cup of coffee at Starbucks. Every Thursday, I look at requests from members and share their charts. It’s a HANDFUL, but I want to bring as much value as possible.Join HERE: https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot use a credit card, please respond to this email directly for BTC and crypto payment options. I will go out of my way to make sure that you have access to this information, as I believe the hard lessons that I have learned are valuable to beginners and advanced traders a like.What’s in this issue?Bitcoin Charts And AnalysisHXROAltcoin ChartsRSI And Divergences 101 - The BasicsInterview With Nathaniel WhittemoreLegacy MarketsHope Is Not A Trading StrategyRobinhood App Down For 17 Hours