BR Forever #1: Fresh Chapter

Brand new newsletter, open this up to find out more

Hello & Welcome to the Bull Run Forever Newsletter. This is issue #1. The reason you are getting this is because you are currently on the Empire Newsletter and this is my newest publication all geared towards cryptocurrency! The focus here is crypto trading and news with a hint of the macro economic big picture.

After 3 + years now of writing the Empire Newsletter which is a sole focus on macro economy, its time to take on another project and build up a new cryptocurrency community based around this newsletter.

The goal for this newsletter is to grow it to over 100,000 cryptocurrency enthusiasts who want a daily dose of what’s going on in the crypto world each day. We need your help, if you love this idea, help us share it, and if not well there is an unsub button at the bottom of this email.

You can expect these emails a few times per week to start before I transition to a daily email, as well as the length to fill out more.

It should be just about Sunday morning in the US right now, many people are gonna spend today to relax a bit and get their mind right for the week ahead, so lets make that a little bit better by diving into some recent news and some charts!

The Elephant In The Room!

I think the thing in the back of every Americans mind right now is how all this money printing we have going on for the stimulus is going to affect things moving forward, there is lots of talk of hyper inflation and deflation. It’s not just the US, even though obviously if you live there that is pretty much all you are hearing about right now. The BIS, IMF and central banks around the world have printed/handed out trillions worldwide and handed it out like skittles to most major countries around the world.

This is the most perfect environment for something like bitcoin but crypto as a whole, almost too perfect though. I have listened to quite a few people’s opinion on hyper inflation and I noticed they either give some general answer like “inflation is bad” all the way to Chamath Palihapitiya who argues that hyper inflation is a good thing (not his opinion but posses the idea)

Chamath Palihapitiya @chamath

Here is something I learned today: 1. 1979 was peak inflation. It was also when the gap between rich and poor was the smallest. 2. It was preceded by a big wealth inequality b/w rich and poor like today. 3. Solution started in late 1960s with LBJs war on poverty.

Its a thread so feel free to read if you like, the topic of hyper inflation is proving to be more difficult to wrap up into an easy answer.

The thing I will say is that it seems like we are on the brink of what Mark Cuban calls “new money” which just means a big shake up in the monetary system.

In This Issue:

1. The Elephant In The Room

2. Bitcoin Chart & Analysis

3. Altcoin Thoughts

4. Soros Breaks Into Bitcoin

5. Control Finance Found Guilty

6. Mark Cuban Building Digital Art Gallery

7. Recommended Tools & Resources

Bitcoin Thoughts & TA

Let’s start at the top here and take a look at bitcoin, with a focus on the larger time frames. People get so sucked into lower time frames (ltf’s) that they miss the bigger picture, lets take a look at the daily chart.

It looks like the bear divs finally worked themselves out after ATHs, and we got a perfect touch on the 50 EMA and a touch on the 0.618 fib line which is key for reversals. The next day was a bullish engulfing candle that lead to more upside for us. I personally do think this is the run up to $65k + that we just started.

Here is a look at the 4 hour, tl;dr is bullish still. Funding is also extremely good still across the board. Not sure if we get a Sunday dump today but plan on it.

Altcoin Thoughts

In case you didn’t know alt coins tend to still move/react to what bitcoin is doing. So it usually works like this…

Bitcoin up= alts range/up
Bitcoin down= alts down
Bitcoin range= alts up

Bitcoin sometimes follows S&P action, but its not like a shot-for-shot mimic, if the stock market has been done for a whole day or two, then yes it usually negatively effects bitcoin.

That being said, many alts are looking primed (many have already been moving), when we see a bottom like this in Bitcoin, the easiest plays are exchange coins (like FTT, BNB etc) and major defi coins ( AAVE, Sushi, SNX, Uni, 1inch etc). You can do quick scalps on those for anywhere from 15-90 mins or you can use these as your entries for swing trades. This has been true during this whole run up since about $40k.

The big thing to watch out for if you are trading leverage is the funding rates as a lot of these have been super fast to jump up after dumps, which proves that too many people are using too much leverage on exchanges.

Soros Breaks Into Bitcoin

It seems like not a week goes by that we are now hearing about fresh hedge funds getting into bitcoin or new crazy price targets that they see happening in this cycle. This is no different, everyone’s least favorite billionaire has apparently jumped into bitcoin. I think that only leaves Warren Buffett and Charlie Munger left at this point in terms of stunch critics.

Control-Finance Found Guilty

Not sure how long you have been in crypto but those involved in things like Bitconnect in 2017 probably remember another outfit at the same time called Control Finance which turned out to be a scam that fleeced 22,190 bitcoin off investors. Apparently Benjamin Reynolds failed to show up to court hearings and by default is guilty and now on the the hook for $572 million.

Mark Cuban Building Digital Art Gallery

Now that Mark Cuban has officially bit the defi and NFT bug, he is going full send into it by creating a digital art gallery where users can display any of their digital art. This is actually pretty badly needed already, we have Rariable, Open Sea; pretty much each NFT also has some sort of market place integrated into their front end which if you think about it, isn’t really necessary so Mark is inserting himself well here.

Below are sponsors and recommended tools of the trade! Expect this section to grow as the newsletter grows!

Binance Exchange
By far still the largest exchange, if you want to trade majors and a huge selection of alts and defi, not to mention the Binance Smart Chain projects!

FTX Exchange
For non-US residents who want to trade leverage on bitcoin and alts and trade futures contracts.

None of what I put in these emails is intended to be taken as investment advice, there is no BUY/SELL calls in these emails, nor is this any kind of signals group. There is obvious and inherent risk involved with trading cryptocurrencies or any asset, that must be taken into consideration by the investor. Any and all outcomes are your fault good/bad!