We began last week arguing the case for short-term patience while emphasizing that the primary trends have shifted higher.

As we move into the middle of February, seasonality trends suggest a choppy couple of weeks ahead.

At the same time, momentum in the US dollar has accumulated in recent days, as we observe some mild selling pressure in crypto markets. With the CPI release on Tuesday, it's reasonable to expect this volatility to continue.

This comes as Bitcoin retraces following its first retest of the August 2022 highs.

This is the video recording of our February 10, 2023, All Star Charts Crypto Weekly Strategy Session.

Have you figured it out yet?

Is Bitcoin about to roll over here?

Or are we flagging before the next run-up?

The beauty of this game is that we don't need to predict the future. Instead, we can rely on price action to dictate our execution.

In this case, we're waiting to see how Bitcoin reacts to all this overhead supply before committing to any new longs.

And, on the contrary, if we see a resolution out of this range, or if we see weakness in the coming weeks, we'll be loading up on some positions.

So, in the case that we see some selling pressure come in, where do we want to be positioned?

They teach you this stuff at technical analysis kindergarten.

Buy support.

Sell resistance.

Of course, in the real world, with our primitive monkey brains, implementing this into a trading system is easier said than done. Just take a look at the squeeze you're seeing in real-time in all these beaten-up growth stocks.

The permabears started shorting these names in droves when they'd already slumped into 90% drawdowns.

Talk about a reckless strategy...

When we look at the most heavily shorted stocks, Coinbase stands out with a short interest of almost 30%. With clear levels and a favorable risk/reward, we leaned on COIN as a vehicle to profit from the short squeezes taking place in recent weeks. We're seeing them all over.

Seriously, go through some of these charts.

Carvana, Tesla, and AI are all great examples -- these moves are no joke. Bed, Bath & Beyond was up over 90% yesterday!

This isn't 2022.

You can pretend like nothing's changed, or you can get to making money on the long side. Those who don't mold their strategies...

Over the last week, we've seen some mild profit-taking, with Bitcoin and Ethereum chopping around following retests of critical resistance levels.

Our thesis remains that a structural shift has occurred, with the short- and intermediate-term trends now higher.

This is the video recording of our February 3, 2023, All Star Charts Crypto Weekly Strategy Session.

This is it.

When people ask us what's been happening in the world of crypto, this is the chart we show them.

Bitcoin -- and crypto more generally -- has been a big nothingburger for over a year. Especially with Bitcoin trading below its prior cycle highs, there was absolutely nothing to be done in this asset class.

But that all changed a few weeks ago.

Another positive week -- add it to the growing tally!

This is the first time Bitcoin's been up for four consecutive weeks since August 2021. Similarly, Bitcoin's 14-day RSI eclipsed its highest level going back more than two years.

We have a name for this price action...

Momentum thrusts.

We see them all the time in the beginning stages of new trends.

There's no denying that this move has been impressive. In fact, we'd even argue that it represents a structural shift in this market.

But where do we go from here?

Let's dive into this week's letter.

This is the video recording of our January 27, 2023, All Star Charts Crypto Weekly Strategy Session.

I hear ya.

You don't want boring words.

You want trade ideas!

We know we haven't published many over the last year. But this has been a purposeful decision.

Think about what's happened. People who forced old strategies in this bear market were culled.

This environment has been the polar opposite to the Solana summer. You can't buy random shitcoin breakouts and multi-bag trades within a few days.

It just hasn't been that kind of market.

But this is potentially changing.

There's a high degree of momentum driving the market.

Last week, we saw a continuation of this bullish action, with Bitcoin and altcoins taking out local resistance levels.

This comes as little surprise, considering the trends are now unequivocally higher.

This is the video recording of our January 20, 2023, All Star Charts Crypto Weekly Strategy Session.