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In This Issue:
Wall Street's Secret Tools Made Available To Us
Bitcoin Thoughts And Analysis
Legacy Markets
What Happened To The Yen?
WTF Is The DTCC?
The Banana Zone
Forbes Isn’t Holding Back
A Massive Bitcoin Crash Is Coming | Peter Schiff
Wall Street's Secret Tools Made Available To Us
Every day, I'm inundated with pitches from innovative minds—founders, builders, CEOs, and marketers—each convinced they have the next big idea, tailor-made for my audience. Imagine being strapped into a Shark Tank episode, 24/7, unable to escape a constant flood of proposals and promotions.
Many of the promising opportunities I pass on simply aren't a fit because I anticipate their product won't resonate with all of you. My platform was founded on trading and has since evolved into a blend of education and investing—finding legitimate opportunities in this niche is like searching for a single needle in 1,000 haystacks.
On top of this challenge, for a while now, I've been pondering whether to launch a publicly traded account showcasing all my trades or a crowd-sourced one with all of you. However, finding a safe and compliant way to do this, without risking regulatory scrutiny or legal gray areas felt impossible—this leads me to some exciting news I have for all of you.
For the first time in a long while, these two worlds are aligning perfectly, which means I have something truly special to share. While many of you who follow me closely on YouTube might be aware of what I am about to share, I have yet to give a full write-up here, as I was waiting for the final pieces to fall into place. Now it has neatly come together.
Here are the details: Andrew Parish and Tillman Holloway have been close friends of mine for a while. Andrew has been a regular on CryptoTownHall (you probably recognize his profile below) and is well-known in the space for delivering reliable, high-quality insight at the intersection of crypto and TradFi. Andrew has countless years of experience at this unique juncture and much of the narratives and sentiments we discuss are originally sourced from his connections. As for Tillman, he is a wizard when it comes to building high-level trading products with extremely successful track records.
Together, these two founded Arch Public which has turned into a phenomenon unlike anything I have ever seen before. I liked this product for a ton of reasons, which I’ll dig into below, but what stood out the most to me was that it was the perfect fit for my platform and has become a tool to connect with all of you in a way I have never done before.
What I'm talking about is a weekly show I film called “Making Money” with the Arch Public team, where we track and discuss the real-time performance of a $10,000 portfolio—yes, our real money—that is 100% compliant and available to all of you. It’s the first time I have ever had this opportunity.
In case you aren't familiar with Arch Public, I like to think of it as a hedge fund in your pocket, providing retail traders with the same technology and advantages Wall Street has gatekept for decades. It's a service that removes emotions from trading, only executes the complex strategies you choose, and never compromises your access to your capital. The algorithm is AI-based, lightning-fast, perfectly disciplined, always working on your behalf, and capable of performing calculations that we simply can't. I could go on and on, but the product's performance speaks for itself.
To be clear, this product trades equities, not crypto. But you do have the amazing option of using the profits to DCA into Bitcoin at the close of each day - all on one platform.
I just started the $10,000 portfolio, and in April alone, it's up by +10.6%. Below, you can see a screenshot of a trade the algorithm took, along with a few additional details about the product.
I understand what I'm about to say next may seem like a typo or hyperbole, but I assure you it's not: over the last 10 years, The Gateway Trader has achieved an average yearly return of 138.8%. If you don't believe me, that's okay; you can find the proof in this link HERE. I'm not going to try to sell this product because I genuinely believe it sells itself. However, I encourage all of you to watch my most recent video with Andrew and Tillman, where we discuss this product in greater detail.
The Arch Public team has chosen to exclusively partner with me, sharing their product only through my platform. Andrew and Tillman recognize that this product aligns perfectly with my platform, and I have gratefully accepted their partnership because an opportunity like this has never been presented to me before. The growth of their product has been unprecedented, achieved without spending a single dollar on marketing. A completely organic journey has led to over 25 developers and 32 algorithms working tirelessly on your behalf, all for just $99 a month.
The success of the product speaks for itself.
Even if you're not particularly interested, Andrew and Tillman are generously sharing much of their knowledge for free on my YouTube channel, providing a wealth of alpha. With the bull market well underway, I encourage you to take full advantage of everything you can. I just want to see all of you succeed as a thank you for all the support you have given me. I can't wait to hear some of the success stories from all of you who give this product a try.
One final point: if you want to learn more about the product, you can book a demo to take a closer look and have all your questions answered, 1-on-1 style. No other product offers this type of service.
I hope you have a great week, at the very bottom of this newsletter is a link to my interview with Peter Schiff. Our history of back-and-forth banter makes for an epic conversation, you don’t want to miss it.
Bitcoin Thoughts And Analysis
The weekly candle failed to confirm the reversal from last week. Remember, we had a reversal candle 8 days ago, but for that to be relevant we wanted to see a green candle this week. Not a big deal, but not the clear sign we were looking for. On the weekly, we are clearly still ranging and Trading Alpha still has the bullish grey dots intact.
More chop.
It appears we have some bullish divergence with RSI on the 4-hour chart (and 6-hour possibly). Not oversold this time, so not as strong of a signal - but RSI also never made it to overbought. Seems good to me for a trade, but likely just a bounce.
Legacy Markets
Stock markets rallied recently, buoyed by strong US tech earnings from companies like Microsoft and Alphabet, which helped counter concerns about persistent inflation and higher interest rates. The Japanese yen, after hitting a 34-year low, recovered slightly in holiday-thinned trading. This comes as investors await the Federal Reserve's upcoming policy meeting, with expectations for less aggressive rate cuts than previously anticipated.
In Europe, the Stoxx 600 index increased, highlighted by a significant surge in Royal Philips NV shares due to a favorable legal settlement. In the U.S., the S&P 500 futures also saw gains, driven by optimism over Tesla's expansion in China.
Bond markets reflected a cautious outlook, with U.S. Treasury yields dipping and swaps traders scaling back their expectations for Federal Reserve rate cuts in 2024. Additionally, the Hang Seng Index in Hong Kong showed strong performance, moving towards a bull market, boosted by gains in Chinese property shares.
In the corporate world, developments include Elon Musk's unexpected visit to China, which is poised to benefit Tesla, and potential privatization moves by L’Occitane International. Meanwhile, geopolitical tensions and diplomatic efforts in the Middle East, particularly concerning Gaza, are influencing oil markets.
Key events this week:
Eurozone economic confidence, consumer confidence, Monday
Australia retail sales, Tuesday
China Caixin manufacturing PMI, non-manufacturing PMI, manufacturing PMI, Tuesday
Japan unemployment, industrial production, retail sales, Tuesday
Eurozone CPI, GDP, Tuesday
Colombia rate decision, Tuesday
Amazon earnings, Tuesday
New Zealand unemployment, Wednesday
UK S&P Global / CIPS Manufacturing PMI, Wednesday
US rate decision, Wednesday
Indonesia CPI, Thursday
South Korea CPI, S&P Global Manufacturing PMI, Thursday
Eurozone S&P Global Manufacturing PMI, Thursday
Apple earnings, Thursday
Eurozone unemployment, Friday
Norway rate decision, Friday
US unemployment, nonfarm payrolls, ISM Services, Friday
Some of the main moves in markets:
Stocks
The Stoxx Europe 600 rose 0.3% as of 9:36 a.m. London time
S&P 500 futures rose 0.2%
Nasdaq 100 futures rose 0.3%
Futures on the Dow Jones Industrial Average rose 0.2%
The MSCI Asia Pacific Index rose 0.9%
The MSCI Emerging Markets Index rose 0.8%
Currencies
The Bloomberg Dollar Spot Index fell 0.3%
The euro rose 0.2% to $1.0715
The Japanese yen rose 1.7% to 155.71 per dollar
The offshore yuan rose 0.2% to 7.2567 per dollar
The British pound rose 0.3% to $1.2532
Cryptocurrencies
Bitcoin fell 2.1% to $62,354.01
Ether fell 4.2% to $3,172.12
Bonds
The yield on 10-year Treasuries declined four basis points to 4.63%
Germany’s 10-year yield declined three basis points to 2.54%
Britain’s 10-year yield declined two basis points to 4.31%
Commodities
Brent crude fell 0.7% to $88.85 a barrel
Spot gold was little changed
What Happened To The Yen?
I'm not a forex expert, but even I can see that something is seriously amiss with the Yen. Against the USD, the Yen is in literal free fall, tumbling to a fresh 34-year low last Friday after the BoJ left interest rates unchanged and expressed no concern for the currency's slide. Both the Yen vs. USD and USD vs. Yen charts paint a vivid picture of how drastic this change is. At the start of 2021, one United States dollar was roughly equivalent to 100 Japanese Yen. Fast forward to today and one single United States dollar is now approaching 160 Japanese Yen. Just another reason why the world needs Bitcoin.
WTF Is The DTCC?
The Depository Trust and Clearing Corporation, the acronym everyone is referring to on X, was the center of attention at the close of last week because of the following decision: “No collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment, hence will be subject to a 100% haircut.”
For institutions or entities holding these ETFs or investment products, it's less than ideal that the DTCC has completely restricted these products from acting as collateral effective tomorrow. However, there is a crucial point of clarification: this restriction only applies if an individual or entity tries to use these assets as a guarantee for borrowing. They will not be accepted or recognized by the DTC for this purpose. These products can still be borrowed and lent, with this information in mind.
Also, you may have heard that the ETH spot ETF was listed on the DTCC, and that is correct. Do note that this listing is just a formality due to an approaching deadline and doesn't actually indicate whether the ETF is approved or not.
The Banana Zone
There are only a few people in crypto who are as solid at macro thinking as Raoul Pal is.
The Banana Zone is a term coined by Raoul Pal used to describe the time period in which the crypto market goes absolutely parabolic. According to Raoul Pal, this should happen the latter part of this year and well into 2025.
“The Banana Zone is when the market begins to anoint the new big L1 or L2, which explodes even vs SOL (not sure what that is yet - it will reveal itself later). Usually 3 or 4 make a big run but one ends up the BIG new entrant (it was SOL last cycle vs Avax and Matic).”
Below is my personal favorite chart from the thread. How can you look at this and not feel bullish?
The following chart is unrelated to this segment, but I added it anyways because it needed a home. This is another MAJOR week for earnings.
Amazon—Tuesday after close
Apple—Thursday after close
Coinbase—Thursday after close
Other big names include Mastercard, McDonalds, Pfizer, PayPal, and eBay.
Forbes Isn’t Holding Back
Forbes recently released an article titled “Crypto’s billion dollar Zombie” in which it called out, by name, 20 different crypto projects it argues are now zombie companies. I’m not going to go line by line and comment my thoughts on each of these projects individually, but I will say a lot of these coins belong on the list. These coins were once held with the same level of respect we hold new projects, today, which is why investing in altcoins is so tough. What are your thoughts on Forbes list? Do you agree or disagree? Here are the coins in question: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS.
A Massive Bitcoin Crash Is Coming | Peter Schiff
In this episode of The Wolf Of All Streets podcast, Peter Schiff, a prominent stockbroker and gold investor, discusses why Bitcoin and gold are so different, explains his belief that the price of gold will continue to rise, and predicts that Bitcoin will experience the biggest crash in its history.
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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this e-mail constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.