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All Star Charts Crypto

📊 Crypto Stock Deepdive

November 10, 2024

Bitcoin is gearing up for its next major bull run — and while the spotlight is often on BTC, there are plenty of other opportunities to capitalize on this market shift. Beyond Bitcoin itself, many investors are turning their attention to the broader crypto ecosystem, and especially to Bitcoin miners, which tend to outperform during bullish cycles.

In recent weeks, we've been diving into a number of altcoins that offer outsized returns, but today, I want to focus on a different angle: the growing opportunities in Bitcoin mining stocks. These stocks have historically done well when Bitcoin rallies, and as we start to see signs of the next bull market, I believe miners could play a crucial role in boosting returns.

A key metric to watch is the ratio between Valkyrie’s Bitcoin Miners ETF ($WGMI) and Bitcoin ($BTC). When this ratio rises, it signals that Bitcoin mining stocks are outpacing Bitcoin itself — a trend that often precedes a broader surge in mining stock performance.

Over the past two years, miners have lagged behind Bitcoin, but recent movements in this ratio suggest we may be on the cusp of a reversal. If history holds, Bitcoin miners could once...

All Star Charts Crypto

📊 The Bull Market Returns

November 10, 2024

In recent months I flipped to a more bullish tone.

I was anticipating a return of the bull market, but the only uncertainty lied in when it would come back.

But with Bitcoin breaking to all time highs following the U.S. election, we have unequivocally began the next leg higher in crypto markets.

All Star Charts Crypto

📊 Ocean Wisdom

October 30, 2024

I have the pleasure of staying at a place right next to ocean. It really is lovely.
 
I've talked a lot with the guys on the team and they all say the same thing.
 
As a trader, it's so valuable to spend time looking at the ocean. It gives you a tangible appreciation for something larger than yourself.
 
The waves of the ocean have massaged the shore long before we got here and will continue to do so long after we've gone. As such, we all understand that we can't stop the force of the ocean.
 
Markets are the exact same.
 
Some traders get fixated on the idea that there are secret players manipulating the order flow. But that's like trying to blame a group of swimmers for controlling the tides. The market, like the ocean, is a force of nature driven by millions of participants – from retail traders to institutions, each adding their drop to the vast expanse of liquidity. No single entity can truly control these waters.

But even if they could, they're certainly not out to get you.

This morning, I decided to take a plunge into the water. My mind had been stuck in charts – an analytical myopia that can sometimes...

All Star Charts Crypto

📊 Is It Finally Time To YOLO Crypto?

October 30, 2024

Bitcoin is up +17% this month.

The action down the cap scale is looking awfully reminiscent of an altcoin season.

These things are pumping.

So I'm sure you're asking the question.

Is it finally time to once again begin YOLOing these cryptos?

All Star Charts Crypto

📊 Bitcoin's Going to 100k

October 27, 2024

We're beginning to emerge from the crypto bear market, and I can see a glimmer of light ahead.

The possibility of Bitcoin reaching 100,000 feels real.

I think now is the moment to prepare yourself.