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.CO"Sell In May And Go Away."Summers are historically slow for markets, with crypto showing to be part of the rule and not an exception. From Investopedia:""Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).Some investors find this strategy more rewarding than staying in the equity markets throughout the year. They subscribe to the belief that, as warm weather sets in, low volumes and the lack of market participants (presumably on vacations) can make for a somewhat riskier, or at a minimum lackluster, market period."I am not a believer in seasonal investing, because with a long term focus, 6 month periods are irrelevant. For traders, there is some truth to the idea that the summer months trade on low volume with steadily decreasing prices. I just took a quick look at a few forex charts, and they looks nearly as choppy as crypto.Bitcoin has continued to trade on decreasing volume since May, with price range bound and "boring." I believe that this is a natural reaction to the major correction in price and a hesitancy to enter the market by larger institutions and new retail speculators rather than a function of the date. That said, the combination of this and the historically slower summer months makes for a nearly untradable (and unwatchable) asset class.Volatility and volume will return - but I would not be surprised to see Bitcoin rangebound for quite a bit longer.I am really excited for today's live stream! I will be hosting an AMA with Stephen Tse, CEO of Harmony. Come hang out, ask questions and learn what's going on in the DeFi space.https://www.youtube.com/watch?v=TWki2AprFOQIn This Issue:Sell In May And Go AwayBitcoin Thoughts And AnalysisAltcoin ChartsApple Rumors And BitcoinMajor Institution Buys Up MicroStrategy StockMiners Are Getting CreativeBitcoin Miners Are Accumulating CoinsParaguay Legislating On Digital AssetsMy Recommended Platforms And Tools
The Wolf Den #283 - Sell In May And Go Away
The Wolf Den #283 - Sell In May And Go Away
The Wolf Den #283 - Sell In May And Go Away
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.CO"Sell In May And Go Away."Summers are historically slow for markets, with crypto showing to be part of the rule and not an exception. From Investopedia:""Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).Some investors find this strategy more rewarding than staying in the equity markets throughout the year. They subscribe to the belief that, as warm weather sets in, low volumes and the lack of market participants (presumably on vacations) can make for a somewhat riskier, or at a minimum lackluster, market period."I am not a believer in seasonal investing, because with a long term focus, 6 month periods are irrelevant. For traders, there is some truth to the idea that the summer months trade on low volume with steadily decreasing prices. I just took a quick look at a few forex charts, and they looks nearly as choppy as crypto.Bitcoin has continued to trade on decreasing volume since May, with price range bound and "boring." I believe that this is a natural reaction to the major correction in price and a hesitancy to enter the market by larger institutions and new retail speculators rather than a function of the date. That said, the combination of this and the historically slower summer months makes for a nearly untradable (and unwatchable) asset class.Volatility and volume will return - but I would not be surprised to see Bitcoin rangebound for quite a bit longer.I am really excited for today's live stream! I will be hosting an AMA with Stephen Tse, CEO of Harmony. Come hang out, ask questions and learn what's going on in the DeFi space.https://www.youtube.com/watch?v=TWki2AprFOQIn This Issue:Sell In May And Go AwayBitcoin Thoughts And AnalysisAltcoin ChartsApple Rumors And BitcoinMajor Institution Buys Up MicroStrategy StockMiners Are Getting CreativeBitcoin Miners Are Accumulating CoinsParaguay Legislating On Digital AssetsMy Recommended Platforms And Tools