We've made our thoughts clear that if Bitcoin is above 65,000, and the signs of on-chain buying pressure remain intact, upward volatility expansion through price discovery toward 85,000 remains the most probable outcome.

The beneficiaries of such a move would be widespread - down the cap scale of altcoins, and even in the individual stocks that are making crypto an increasing part of their operations.

So let's revisit how we're approaching the stocks in the crypto space, and identify the levels we're watching to manage risk and to take profits along the way.

Last week, we outlined that a big move was on the horizon, and the bias for prices over the coming weeks was higher. We were documenting the tightening volatility and the accumulation taking place on-chain, suggesting that upward price discovery was the most probable outcome.

Over the weekend, we've seen this play out in some respects, with Bitcoin breaking out of its tight range, which seems like the beginning of the next leg higher.

Now that Bitcoin is back above 65,000, we want to position aggressively long in anticipation of further strength into the remainder of the year.

This is the video recording of our November 5, 2021, All Star Charts Crypto Weekly Strategy Session.

It's hard to ignore when the second-largest component of an asset class makes all-time highs for the first time in 6 months.

That's exactly what Ethereum has done, and Bitcoin isn't too far off.

The buzzword over the last few days has been the "Metaverse", but what is it, and why should we care?

Breaking all the headlines last week was the big tech news that Facebook was changing its name to Meta, realigning it with its future goals and ambitions. The metaverse is seen as the next iteration of the internet through virtual reality, primarily as a new way of experiencing the world of social media.

Following all this talk, virtual reality and gaming cryptocurrency protocols have caught a nice bid, with Decentraland and Sandbox up over +320% and +250%, respectively, since the Facebook Connect event.

And just take a look at the explosion in google searches about the metaverse:

This is the video recording of our October 29, 2021, All Star Charts Crypto Weekly Strategy Session.

In yesterday's note, we outlined our tactical short if Bitcoin was below 59k.

We gave the bears the benefit of the doubt, but they couldn't keep prices under 60k for long at all.

We have no shame in being wrong and flipping our approach as new data comes in. In fact, we pride ourselves on always adapting to new evidence and never being dogmatic. The quicker we know we're wrong the better, because we can move on to bigger and better opportunities. In this case, we knew in just a few short hours!

This seems like a textbook failed head-and-shoulders pattern right now:

Over the last week, we've raised attention on the increasing leverage being introduced in the derivative markets elevating the downside risks of the overall crypto market.

We were seeing this with record-high open interest across the board and excessive funding in the face of declining prices.

This morning, we've seen this downside risk play out in some respects, with $200M worth in Bitcoin positions getting liquidated over the last 24 hours, quickly sending prices below 60,000.

For the most part, traditional markets have been a fat mess for the better part of this year.

That's why crypto has caught our attention so much in recent months: It's stood out as a beacon of alpha.

Whether or not you've been invested in crypto, chances are you've probably heard all the chatter about Solana - and for good reason. It gained a whopping 700% from its July lows in just under two months, making it one of our best trades of the year.

But, when you dive down the cap scale, there are so many opportunities shaping out just like how Solana was a few months ago.

Harmony is one of them:

We've been long Harmony on this breakout above 20 cents, and so far it's treated us very well, with prices are running up against our first upside target of 33 cents.

All-time highs can be messy, and many times, the breakout comes after the shakeout.

So will it be like this?

Considering the accumulation taking place by long-term spot investors on-chain, it's certainly looking that way.

Yesterday we saw a notable outflow out of exchanges as investors continue to scoop coins off exchanges and into cold storage to HODL.

Not bearish.

So if and when Bitcoin resolves higher back above 65k, we'll be positioned aggressively long both Bitcoin and in quality alts.

This is the video recording of our October 22, 2021, All Star Charts Crypto Weekly Strategy Session.

Bitcoin officially made an all-time yesterday, eclipsing its first-half highs around 65,000.

The importance of this cannot be overstated.

The question is whether or not Bitcoin can stick the landing. It's likely to be a process.

Our Top 5 Crypto Index is also on the verge of completing this major base.

Over longer timeframes, this price action is far from bearish.

Over the last month, we've argued that there's evidence Bitcoin could lead the altcoins.

We've seen this play out, but it looks like Bitcoin could be due for a rest relative to its counterparts.