Markets are seriously complicated.
There’s an endless number of participants, countless investment vehicles, and a million ways to analyze money flow.
Here at All Star Charts, we analyze thousands of individual markets and securities, all belonging to various asset classes. It goes without saying that we collectively look at thousands of charts every week.
There’s no substitute for setting aside time to go through our chartbooks and putting in the work.
But, every now and again, certain environments and conditions dictate simplicity. Sometimes, we can step back and identify the major themes in just a handful of charts.
Indeed, for crypto markets, it has been rather simple.
The argument has been to be long if Bitcoin’s above its prior-cycle highs and to be patient if the opposite is true.
But I’ll pose that there’s an equally significant data point that we’d be irresponsible to ignore.