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 - up to $3600 worth. PHEMEX is also celebrating their two year anniversary by sharing 2 BTC with 10 lucky winners to help them realize their dreams: https://anniversary.phemex.com/#dream-sectionIf you are patiently waiting for the perfect bull signal to sound, you’ll never hear it. Why? Because there is no such thing. If there was, we would all be rich from longing the bottom of every asset move. The same goes for the perfect bear signal. Bottom and top signals are never clear, and never embraced by the majority.There’s a reason we are constantly hearing about the billions of dollars that are wiped out due to leverage, options, and margin trading. The masses are almost always wrong. Even when they are "right," they usually fail to take the actual trade out of fear, or exit far too early at the smallest hint of downside.Yes, there will be someone out there that will inevitably call this bottom, but their prediction is guaranteed to be drowned out by the opposite sentiment. That’s the nature of markets. Further, that person will likely have called multiple bottoms along the way, celebrating when they are finally correct.In reality, market bottoms and tops are found when enough people are on the wrong side of the trade, and when the sentiment turns irrationally in one direction. Everyone and their grandma was certain that Bitcoin was going straight to $100K, so Bitcoin casually topped at 65K and 69K before heading down. There was no "text book" blow off top or catalyst. Once enough people are certain that Bitcoin is "dead" or going to $10,000 is when we will likely explode to the upside.Everyone can't be right. That's the nature of trading. The catch? Patient investors almost always win by continuing to buy the dip and dollar cost average. When enough pain has been inflicted and enough people are convinced the game is over is when the game actually begins. It's when Bitcoin is believed to be dead that it comes alive. We may see a number of alts draw down massively, negative news and leverage wipe outs, but eventually the market will reset and return to new highs. The dawn is darkest just before the dawn. In This Issue:Market Tops And BottomsBitcoin Thoughts And AnalysisAltcoinsBillionaire Bill Miller Believes In BitcoinGary Gensler Won’t Help UsJerome Powell Re-Confirmed Today, CPI TomorrowLand In The Metaverse Or... A Real House?The Wolf Of All Streets Podcast Ft. Alex TapscottMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #411 - Market Tops And Bottoms
The Wolf Den #411 - Market Tops And Bottoms
The Wolf Den #411 - Market Tops And Bottoms
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 - up to $3600 worth. PHEMEX is also celebrating their two year anniversary by sharing 2 BTC with 10 lucky winners to help them realize their dreams: https://anniversary.phemex.com/#dream-sectionIf you are patiently waiting for the perfect bull signal to sound, you’ll never hear it. Why? Because there is no such thing. If there was, we would all be rich from longing the bottom of every asset move. The same goes for the perfect bear signal. Bottom and top signals are never clear, and never embraced by the majority.There’s a reason we are constantly hearing about the billions of dollars that are wiped out due to leverage, options, and margin trading. The masses are almost always wrong. Even when they are "right," they usually fail to take the actual trade out of fear, or exit far too early at the smallest hint of downside.Yes, there will be someone out there that will inevitably call this bottom, but their prediction is guaranteed to be drowned out by the opposite sentiment. That’s the nature of markets. Further, that person will likely have called multiple bottoms along the way, celebrating when they are finally correct.In reality, market bottoms and tops are found when enough people are on the wrong side of the trade, and when the sentiment turns irrationally in one direction. Everyone and their grandma was certain that Bitcoin was going straight to $100K, so Bitcoin casually topped at 65K and 69K before heading down. There was no "text book" blow off top or catalyst. Once enough people are certain that Bitcoin is "dead" or going to $10,000 is when we will likely explode to the upside.Everyone can't be right. That's the nature of trading. The catch? Patient investors almost always win by continuing to buy the dip and dollar cost average. When enough pain has been inflicted and enough people are convinced the game is over is when the game actually begins. It's when Bitcoin is believed to be dead that it comes alive. We may see a number of alts draw down massively, negative news and leverage wipe outs, but eventually the market will reset and return to new highs. The dawn is darkest just before the dawn. In This Issue:Market Tops And BottomsBitcoin Thoughts And AnalysisAltcoinsBillionaire Bill Miller Believes In BitcoinGary Gensler Won’t Help UsJerome Powell Re-Confirmed Today, CPI TomorrowLand In The Metaverse Or... A Real House?The Wolf Of All Streets Podcast Ft. Alex TapscottMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO