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It goes without saying the market's been carnage all week.

There's no shortage of noise out there.

So we want to keep it simple and share three key charts and the stories they're all conveying.

 

 

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We couldn't help but notice the relentless bid in Bitcoin $BTC yesterday morning while equities had a flat start. Leading up to the FOMC announcement, Bitcoin front-ran the rally in US equities.

The two have been heavily correlated in recent...

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Not everyone has the luxury of slinging cryptocurrencies in the world of DeFi protocols, exchanges, and wallets.

Others have to lean on traditional investment vehicles to gain crypto exposure.

There's a ton of potential candidates in...

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In a tape as messy is this, it pays to be patient and only focus on A+ setups.

The names emerging from bases on solid volume are the ones you want to lean on. By slinging names in messy ranges, you'd only be asking to get whipsawed.

We...

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There are times when you need to trade like a pig. With these macro conditions, now is not that time.

In those roaring crypto bull markets we've all come to know, bravery is more important than brains. But, in periods like these, traders who...

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Author's note

In conjunction with the All Star Charts quarterly playbook, this week's report is a copy of the crypto note we'll be attaching to the playbook.

It covers the themes we're monitoring, a few trades we like...

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Objectively speaking, knowing when to sit out is something that often separates good investors from mediocre ones.

We've already laid out our approach, which you can read here.

In...

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Yesterday we documented how we're shifting back to our defensive strategy. Tight trading correlations to weak equities dictate this approach.

At the same time, we've been stopped out of...

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We keep saying it: There are just so many good setups out there.

You've noticed?

This is the first time in months that there's generally a good shape to the price action in these beaten-up altcoins.

...

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Welcome to our weekly crypto open letter.

The last few weeks have seen a sizeable shift in our approach. Here's a summary of this period:

 

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Wait for your perfect pitch.

We say it all the time.

There are no called strikes on Wall Street. In other words, we’re not penalized for not swinging, like you are in baseball.

We have the ability to be patient, to a certain...

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