We can't help but notice that all the dinosaur coins are moving right now.

Those coins that got heavily pumped into 2017 and never recovered (think names like ZEC, DASH, XRP, XLM, ETC, etc.) have always gone through cycles of bleeding lower for months on end before getting aggressively pumped.

Just look at them over the last week or two.

When these bad boys move, they move.

There's one contrarian play we like from this rotation as a tactical long.

In yesterday's note we outlined our new tactical approach to the crypto market.

For those who missed it, after playing defense and remaining patient on the sidelines for many months, we're now seeing signs conducive to Bitcoin resolving higher from its multi-month consolidation.

Alongside this, we're noticing a ton of great setups in the alts.

It's been a while since there's been such a breadth of good setups, which can only be seen as a positive development.

For some time, we've reiterated our neutral approach. By staying out of the market in this sloppy tape, we've avoided emotional and financial whipsaws.

During this period, we've been downright obnoxious about how little edge there is in pushing longs.

But this could finally be changing.

As we'll discuss in today's note, we're seeing signs selling pressures are beginning to subside. Price action is heavily coiled, and the clock's ticking for a resolution out of this range.

Looking ahead into April, we forecast a high probability of an upward resolution from this consolidation.

This is the video recording of our March 18, 2022, All Star Charts Crypto Weekly Strategy Session.

One of the key themes we've been monitoring in the crypto ecosystem is the movement to a new era dominated by an increasing number of derivative vehicles at investors' disposal.

In previous Bitcoin cycles, investors primarily moved to cash through selling spot.

Now, with a liquid futures market, savvy traders have been hedging their positions (today's equivalent of going to cash) by shorting calendar futures.

This constant selling pressure in calendar futures has driven the term structure lower over the last few months and is a reliable metric for both long and short time frame analysis.

What's the best crypto trade on the books right now?

For us, it's been pretty simple.

While everything else has been a complete mess, there's been one name that's really stood out on all of our scans.

You know what I'm about to say...

This is the video recording of our March 11, 2022, All Star Charts Crypto Weekly Strategy Session.

You hear that?

I certainly do.

"Chop, chop, chop..."

It's the sound of tilted traders getting chopped up.

It's a tale as old as time: people playing the market like it's trending, when it's nothing more than ping-ponging.

Price is in a really well-defined range, and there's no point getting hyped by any moves - up or down - before we actually get confirmation of a real break.

This approach of remaining completely neutral has done a great job of protecting us from the tilt of getting chopped up.

Just look at the recent price action.

It's refreshing when we finally have a potential breakout to talk about when the market's been a total mess over the last few months.

The crypto "new highs" list has been so quiet and empty that you can almost literally hear the tumbleweeds dancing.

But here comes Terra $LUNA trying to bring back some life into that list. Gotta respect that.

So, is this the real deal?

Are we finally going to get that setup we've been waiting so long for?

We really hate to sound like a broken record, but we want to be downright obnoxious in hammering this down.

There's no edge in pushing longs right now, seriously.

You can try all you want. But all you're doing is asking to get whipsawed and chopped up.

Scroll down to download this week's chart deck.

It's a tale as old as time, traders pushing their opinions onto the market and not adapting their approach for different environments.

Trend-following strategies worked great in 2020 and after the summer bottom last year.

But now? Not so much.

Forget about headlines, opinions, or gossip. It's all noise.

Money is the only thing that moves markets. Follow money flow.

And what's the tape saying?

Downtrends and ranges everywhere. That's the tale for not just crypto, but macro too.

Over the last few months, we've continued to hammer the point that the market is a mess and trading should be kept to a minimum.

We've taken shots at small long trades in a few altcoins during this time, only for us to ultimately get chopped up days after putting the positions on.

This is information.

Crypto as an asset class is range-bound at best, and unless you're incorporating a staking/yield/options strategy, the vast majority of crypto traders have been better off positioned in stables on the sidelines.

The macro environment continues to be heavily driven by geopolitical volatility and the situation in Eastern Europe.

Parabolic commodity prices are beginning to take their toll on the broad market indexes, which Bitcoin and crypto have been correlated with in recent months and quarters.

Moreover, whales and savvy traders are still in the process of selling.

This is the video recording of our March 4, 2022, All Star Charts Crypto Weekly Strategy Session.