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. WE ARE CHANGING THE TIME OF THE CHART REQUEST LIVE STREAM!Chart Request Live Stream will now be at 10:00 AM EST on Wednesdays. That means that you can request charts today! 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 9:00 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.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.Now on to the newsletter...I was working on ideas for the newsletter yesterday and I had a solid train of thought that was completely de-railed. The title was going to be "Everything That Can Go Wrong."The plan was to brainstorm a list of all of the events that could potentially unfold that would have a negative effect on the crypto market, even though this was not my expectation. I like to explore both the bullish and bearish cases whenever possible, to hold myself accountable and make sure that I am considering all relevant information. As I was writing, the market ripped to the upside.As you know, I have been leaning bullish. I am still long with leverage from 35K, and have repeatedly presented the case that, once war begins, markets tend to perform well. I have also shared the incredible increase in adoption of Bitcoin and crypto in Ukraine and Russia as a result of this conflict, and believe that yesterday's market move was largely driven by people in these countries buying coins to protect their wealth.Instead of deleting the intro and starting again, I decided to share it, because these potential events are still on the table.Here is what I wrote before the market moved:The human toll of the war is devastating. While we all hope that things will get better, there are events that are yet to unfold that could make things worse for the people of Ukraine. While markets are not the first thing on our mind, it is still important that we consider the possibilities.Here is a quick, non comprehensive list of things that could happen to cause further market turmoilThe use of a nuclear weapon. This is the worst-case scenario and has been avoided for nearly 80 years since WWII. Many believe that if Putin is cornered or poised to lose, that he would consider this option. Kyiv falls. This would open the door for Russia to defeat Ukraine and expand. This would be bad news. It opens up Pandora's box of uncertainty, although Ukraine has been controlled by Russian puppets before.China decides to invade Taiwan. Amidst the current chaos, that would really stir the pot. Russia decides to adopt a Bitcoin standard. If Russia is completely disconnected from global finance, they may be forced to adopt Bitcoin. This might be good for the people, but it would create a massive FUD storm. It would be interesting to see how this would play out with regards to price, but it would certainly be controversial and would likely lead the US to take an aggressive stance against crypto.Russian Ruble collapses. This would cause more uncertainty, and potential dollar strength.Run on the Russian banks. If Russians all move to withdraw (I doubt they would be allowed), the Russian banking system could entirely collapse. This could go either way for the crypto market.Interestingly, a lot of the "worst case scenarios" for Bitcoin could play in its favor long term. Bitcoin was made for this - censorship resistance, a flight to safety, wealth protection and a shield from the government. People are seeing the benefits of owning crypto in real time.The lesson here is that Bitcoin is unpredictable and will continue to shock the world on its journey.In This Issue:Bitcoin RipsBitcoin Thoughts And AnalysisAltcoin ChartsTrading GapsCrypto Companies Are Picking SidesVitalik Takes A StandWhale Wallets SpikeThe Wolf Of All Streets Podcast Ft. Brett HarrisonMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #446 - Bitcoin Rips
The Wolf Den #446 - Bitcoin Rips
The Wolf Den #446 - Bitcoin Rips
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. WE ARE CHANGING THE TIME OF THE CHART REQUEST LIVE STREAM!Chart Request Live Stream will now be at 10:00 AM EST on Wednesdays. That means that you can request charts today! 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 9:00 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.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.Now on to the newsletter...I was working on ideas for the newsletter yesterday and I had a solid train of thought that was completely de-railed. The title was going to be "Everything That Can Go Wrong."The plan was to brainstorm a list of all of the events that could potentially unfold that would have a negative effect on the crypto market, even though this was not my expectation. I like to explore both the bullish and bearish cases whenever possible, to hold myself accountable and make sure that I am considering all relevant information. As I was writing, the market ripped to the upside.As you know, I have been leaning bullish. I am still long with leverage from 35K, and have repeatedly presented the case that, once war begins, markets tend to perform well. I have also shared the incredible increase in adoption of Bitcoin and crypto in Ukraine and Russia as a result of this conflict, and believe that yesterday's market move was largely driven by people in these countries buying coins to protect their wealth.Instead of deleting the intro and starting again, I decided to share it, because these potential events are still on the table.Here is what I wrote before the market moved:The human toll of the war is devastating. While we all hope that things will get better, there are events that are yet to unfold that could make things worse for the people of Ukraine. While markets are not the first thing on our mind, it is still important that we consider the possibilities.Here is a quick, non comprehensive list of things that could happen to cause further market turmoilThe use of a nuclear weapon. This is the worst-case scenario and has been avoided for nearly 80 years since WWII. Many believe that if Putin is cornered or poised to lose, that he would consider this option. Kyiv falls. This would open the door for Russia to defeat Ukraine and expand. This would be bad news. It opens up Pandora's box of uncertainty, although Ukraine has been controlled by Russian puppets before.China decides to invade Taiwan. Amidst the current chaos, that would really stir the pot. Russia decides to adopt a Bitcoin standard. If Russia is completely disconnected from global finance, they may be forced to adopt Bitcoin. This might be good for the people, but it would create a massive FUD storm. It would be interesting to see how this would play out with regards to price, but it would certainly be controversial and would likely lead the US to take an aggressive stance against crypto.Russian Ruble collapses. This would cause more uncertainty, and potential dollar strength.Run on the Russian banks. If Russians all move to withdraw (I doubt they would be allowed), the Russian banking system could entirely collapse. This could go either way for the crypto market.Interestingly, a lot of the "worst case scenarios" for Bitcoin could play in its favor long term. Bitcoin was made for this - censorship resistance, a flight to safety, wealth protection and a shield from the government. People are seeing the benefits of owning crypto in real time.The lesson here is that Bitcoin is unpredictable and will continue to shock the world on its journey.In This Issue:Bitcoin RipsBitcoin Thoughts And AnalysisAltcoin ChartsTrading GapsCrypto Companies Are Picking SidesVitalik Takes A StandWhale Wallets SpikeThe Wolf Of All Streets Podcast Ft. Brett HarrisonMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO