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.COThe cryptocurrency news cycle has been bearish for the past few weeks. Brian Brooks, the BinanceUS CEO stepped down amid regulatory concerns, Gary Gensler implied that most cryptocurrencies are securities, the US Senate passed a bill that is nearly impossible for the industry to comply with, and the largest DeFi hack to date resulted in $600m worth of lost funds. People tend to believe that the current narratives surrounding the space drive price, but the past couple of weeks have proven that not to be the case. Despite all of the negative stories, crypto investors holding through this period are likely up significantly on their portfolios. In general, the news is just an accelerator or slight inhibitor of the existing trend. News becomes more significant when it aligns with the price action of the market. Otherwise, most of it is background noise or a momentary speed bump.Price and the news cycle are likely to compel traders to make bad, emotional decisions. That's why being a HODLER is so powerful. If an ETF approval were to come in now or a major company announced Bitcoin on their balance sheet, the price would probably skyrocket. If you believe in crypto, just hold steady and remain zoomed out. Even if the price corrects, being completely sidelined throughout the remainder of the bull run is a far bigger risk.Chart Request Live Stream 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=zLheCZDg4v8If 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:Ignore The NewsBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsMillions Stolen In Largest DeFi Date To HackCoinbase Blows Away Q2 ExpectationsInfrastructure Bill Passes In The SenateMore ETFs Await SEC ApprovalMy Recommended Platforms And Tools
The Wolf Den #305 - Ignore The News
The Wolf Den #305 - Ignore The News
The Wolf Den #305 - Ignore The News
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.COThe cryptocurrency news cycle has been bearish for the past few weeks. Brian Brooks, the BinanceUS CEO stepped down amid regulatory concerns, Gary Gensler implied that most cryptocurrencies are securities, the US Senate passed a bill that is nearly impossible for the industry to comply with, and the largest DeFi hack to date resulted in $600m worth of lost funds. People tend to believe that the current narratives surrounding the space drive price, but the past couple of weeks have proven that not to be the case. Despite all of the negative stories, crypto investors holding through this period are likely up significantly on their portfolios. In general, the news is just an accelerator or slight inhibitor of the existing trend. News becomes more significant when it aligns with the price action of the market. Otherwise, most of it is background noise or a momentary speed bump.Price and the news cycle are likely to compel traders to make bad, emotional decisions. That's why being a HODLER is so powerful. If an ETF approval were to come in now or a major company announced Bitcoin on their balance sheet, the price would probably skyrocket. If you believe in crypto, just hold steady and remain zoomed out. Even if the price corrects, being completely sidelined throughout the remainder of the bull run is a far bigger risk.Chart Request Live Stream 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=zLheCZDg4v8If 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:Ignore The NewsBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsMillions Stolen In Largest DeFi Date To HackCoinbase Blows Away Q2 ExpectationsInfrastructure Bill Passes In The SenateMore ETFs Await SEC ApprovalMy Recommended Platforms And Tools