The Wolf Den #57 - Bitcoin, Chart Requests, Ross Ulbricht and More
thewolfden.substack.com
This newsletter is sponsored by 2 amazing companies: VOYAGER and PHEMEX.I use Voyager for my spot trading and investing (and to compound interest) and I use Phemex for trading with leverage. Sign up to both with the links above and get some free Bitcoin. I really encourage you to check them both out - you know that I never endorse a product that I do not use!As I said on Tuesday, the temporary alt season was fun but it appeared that the momentum was slowing. Bitcoin is moving as I am writing this, so I have a feeling that the chart requests will change before I even get to release this newsletter. It takes me MANY hours to fulfill the requests and, as you know, this market moves fast. I was awake at 3:45 AM to get this done. My Thursday newsletters used to only be chart requests for this reason, but I have continued to expand the content. That said, sometimes there's just not enough time for me to do the charts and keep them timely and also write something profound in the intro!At this moment, altcoins look weak once again, many breaking support with little fanfare. I am back to very low exposure, having continued to take profit over the past few days. Since we spoke last, HBAR and BAND both made huge moves that I largely caught and exited, so it's been a very profitable week. I have small positions still in both - I like to keep a "moon bag" from my profits, just in case. ENG and DREP I am in, so check those in chart requests. I am still looking at the ALGO and ERD setups that I have shared before, as both are entering my buy zone now. I included them in the chart requests. I am still in WRX and MATIC as well, although with reduced positions.Strangely, each of the last few Thursdays I have prepared alt setups, only to see them become weak in the morning hours. Fridays have looked consistently much better. Likely a coincidence, but something that I will continue to track. It is beginning to feel like a broken record, but I will post some alt setups tomorrow if they start to turn around. For now, hard to see anything I am really interested in that I have not mentioned above.A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-crypto-newsletter-issue-10-219754 and have it sent to you) for instructions on how to make my charts your own.IMPORTANT NOTE - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email!What’s In This Issue:BitcoinThe Wolf Of All Streets Podcast Ft. Lyn UlbrichtMonopoly Money > FiatMillennials Are The Unluckiest Generation In HistoryHertz Pays Bonuses, Declares BankruptcyChart Requests
The Wolf Den #57 - Bitcoin, Chart Requests, Ross Ulbricht and More
The Wolf Den #57 - Bitcoin, Chart Requests…
The Wolf Den #57 - Bitcoin, Chart Requests, Ross Ulbricht and More
This newsletter is sponsored by 2 amazing companies: VOYAGER and PHEMEX.I use Voyager for my spot trading and investing (and to compound interest) and I use Phemex for trading with leverage. Sign up to both with the links above and get some free Bitcoin. I really encourage you to check them both out - you know that I never endorse a product that I do not use!As I said on Tuesday, the temporary alt season was fun but it appeared that the momentum was slowing. Bitcoin is moving as I am writing this, so I have a feeling that the chart requests will change before I even get to release this newsletter. It takes me MANY hours to fulfill the requests and, as you know, this market moves fast. I was awake at 3:45 AM to get this done. My Thursday newsletters used to only be chart requests for this reason, but I have continued to expand the content. That said, sometimes there's just not enough time for me to do the charts and keep them timely and also write something profound in the intro!At this moment, altcoins look weak once again, many breaking support with little fanfare. I am back to very low exposure, having continued to take profit over the past few days. Since we spoke last, HBAR and BAND both made huge moves that I largely caught and exited, so it's been a very profitable week. I have small positions still in both - I like to keep a "moon bag" from my profits, just in case. ENG and DREP I am in, so check those in chart requests. I am still looking at the ALGO and ERD setups that I have shared before, as both are entering my buy zone now. I included them in the chart requests. I am still in WRX and MATIC as well, although with reduced positions.Strangely, each of the last few Thursdays I have prepared alt setups, only to see them become weak in the morning hours. Fridays have looked consistently much better. Likely a coincidence, but something that I will continue to track. It is beginning to feel like a broken record, but I will post some alt setups tomorrow if they start to turn around. For now, hard to see anything I am really interested in that I have not mentioned above.A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-crypto-newsletter-issue-10-219754 and have it sent to you) for instructions on how to make my charts your own.IMPORTANT NOTE - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email!What’s In This Issue:BitcoinThe Wolf Of All Streets Podcast Ft. Lyn UlbrichtMonopoly Money > FiatMillennials Are The Unluckiest Generation In HistoryHertz Pays Bonuses, Declares BankruptcyChart Requests