This is the video recording of our December 17, 2021, All Star Charts Crypto Weekly Strategy Session.

We've seen a lot of chatter from the Twitterati about the Crypto Fear & Greed Index in recent weeks.

We've already made our thoughts pretty clear on the traditional CNN Fear & Greed Index and how it likely does more harm than good to investors. So, we thought we'd compare the construction of the two indexes, focusing on why the updated Crypto Fear & Greed Index does a better job quantifying investor sentiment than the CNN equivalent in the stock market.

We've already broken down the CNN Fear & Greed Index in a previous post. Here's a quick summary of how it's constructed:

The simple fact of the matter is these last few weeks have been an environment of low liquidity where we've had little to no conviction in maintaining aggressive long crypto positions.

There's zero edge in trading right now, on either the long or the short side. Sitting out this messy price action is the prudent strategy, in our view.

Bitcoin is still below 53,000 and likely needs to contract and build out a base for at least another few weeks. We're more than happy to pay a higher price for an entry with greater conviction. This has been the case for the last two weeks, and there's nothing to provide updates on.

In last Monday's note, we outlined our multiple time frame approach in the aftermath of Bitcoin's liquidity crunch at the beginning of December.

The bottom line is we're in elevated cash positions looking for a higher-conviction entry.

The most probable outcome is that we see a contraction of volatility in Bitcoin while it ranges for the remainder of 2021. If this is the case, whipsaws are likely to be highly concentrated, and there'll be no edge in trading lower time frames or maintaining highly aggressive long positions.

But, as far as the structural picture is concerned, there's little to suggest that much damage has been inflicted on the HODLers, and spot flows continue to paint a bullish picture for 2022.

In today's report, we'll outline why this recent selloff doesn't have the characteristics leading to a deeper correction similar to what took place in May.

This is the video recording of our December 10, 2021, All Star Charts Crypto Weekly Strategy Session.

This week we've been clarifying our multi-time-frame view of the market.

The point is there isn't much edge in being involved in this messy action, which will likely involve a high concentration of whipsaws in the coming weeks while Bitcoin builds out a base following its liquidity crunch.

Indeed, sometimes the best trade is no trade at all.

We're currently on the sidelines in elevated cash positions, waiting for a higher-conviction entry to move back into more aggressive positions.

We can either wait for Bitcoin to contract and buy the break with some level of conviction or just blindly BTFD like the El Salvador guy. I know what I'd rather be doing right now.

But, in keeping with our multi-time-frame approach, the long-term bull case still stands moving into 2022. And, for long-term spot holders, there doesn't seem much to be concerned about in this low time frame price action.

For now, we're avoiding what's likely to be a messy end to the year.

We've been pretty vocal that the market is likely to be choppy to end the year. After big moves like we've just experienced, we tend to see a period of contraction that can whipsaw many traders.

The most likely scenario in our minds is that we see a sideways consolidation in a regime of negative funding while spot flows remain intact. Patience and sitting on the sidelines when whipsaws are dominant on price action can go a long way in saving financial as well as emotional capital.

This message of "sitting on the sidelines" has primarily been geared toward a time frame looking ahead for the coming weeks and the next month.

But, looking longer term, there are plenty of data points right now suggesting this recent selling pressure isn't the beginning of a deeper correction, which remains encouraging for those with a longer-term time horizon looking out into the next quarter and into 2022.

In yesterday's note, we outlined our neutral approach, pointing out that sideways, messy action looks to be the most likely scenario for Bitcoin.

We're currently in elevated cash positions, sitting on the sidelines waiting for a higher-conviction entry before moving back into aggressive long positions. It appears as if these next few weeks could involve a high concentration of whipsaws in the context of choppy price behavior.

But today is when we publish our full crypto chartbook, so we thought we'd share how we're approaching new longs, despite the evidence pointing to this being a messy market for Bitcoin.

There's really a common pattern appearing in the alts right now.

In a note published on Saturday, we briefly outlined what took place over the weekend, a $700B total market-cap decline that saw most crypto assets fall over 25% on an intraday basis.

As we'll cover in this week's report, we're on the sidelines with elevated cash positions. Risks still linger for long positions right now--we're waiting for a higher-conviction entry.

Here's a quick summary of what took place over the weekend:

This is the video recording of our December 3, 2021, All Star Charts Crypto Weekly Strategy Session.

We really hate to sound like a broken record, but the broader macro environment and crypto's correlation to legacy markets is really one of the most important developments to watch right now.

As we've demonstrated, investors' on-chain buying regime remains intact, so, when these headwinds from traditional markets ease, the bias looks to be higher for Bitcoin and the overall asset class looking out on an intermediate to long-term horizon.

But, until that happens, we anticipate some more choppy action in the near term.

We publish our thoughts on traditional markets every day, but let's quickly summarize a handful of key indexes we're watching right now.

This is the video recording of our November 30, 2021, All Star Charts Crypto Livestream.