Last week, we held our June Monthly Strategy Session. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

During our monthly calls, we focus on long-term charts in an effort to take a step back and put things into the context of their structural trends.

This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and examine the markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

It's stupidly easy to get swept away in narratives.

From the constant buzz about ETFs to the rise of random meme coins and the infamous halvening, it's hard to escape the storytelling.

It's amusing how people confidently share fundamental narratives during bullish markets, only to resort to drawing lines when sellers enter the scene.

Understanding why a market is trending is normal, but is it really helpful?

Not so much.

From the Desk of Louis Sykes @haumicharts

Remember Solana Summer?

We have fond memories of those times.

But it all changed about two years ago when the crypto market peaked and collapsed.

Going from 250 to the single digits in a little over a year, everybody thought it was the end of Solana... and everything else.

"It's never going to recover."

"It's all over for crypto."

Now look at us...

From the Desk of Louis Sykes @haumicharts

At this point last year, investors had convinced themselves there was no floor for cryptocurrency prices.

Everyone was losing money.

Crypto firms were blowing up right and left. 

People were letting fear dictate their decision-making process.

Do you remember it?

We certainly do.

Now's the time.

If you don't have exposure to cryptocurrency in one shape or another in your portfolio, you're missing out. But, it's not too late. In fact, we think this is the perfect time to get aggressive.

With Bitcoin above 30,000, this needs to be an area we're pressing our bets on. When this asset class gets going, nothing can stop it. And now, with all these coins successfully resolving higher out of long-term reversal patterns, we're of the stern view that now is the time to get involved.

Expect to see a lot of trade ideas out of this space in the coming months...

One such name we discussed at length in the previous cycle was Helium $HNT. In fact, as a fun experiment, the team all tried their hands at Helium mining. But as the tide turned in 2022, Helium was one of the worst-hit names in the entire asset class, falling into a whopping 98% drawdown.

Strazza will gladly tell you he has helium miners all over the Florida Keys that he no longer pays attention to. That's the right kind of sentiment we want to see at the back of a primary trend reversal.

From the Desk of Alfonso Depablos @Alfcharts

The "news" is designed to be a distraction for investors.

Earlier in the week, Bitcoin made some noise as the price soared 10% amid rumors of the approval of BlackRock's Spot Bitcoin ETF.

At the height of this speculation, Cointelegraph apologized, stating the rumors were false, resulting in the liquidation of $65 million BTC within minutes.

When we look at the chart, Bitcoin continues to press against the same overhead supply level it’s struggled with all year. It’s really that simple.

The big news dropped yesterday that Grayscale won their case vs the SEC apparently paving the way for a new Bitcoin ETF soon.

Whether any of this is true or not isn't really our concern.

I couldn't care less about Grayscale or any of their personal issues.

The "news" is not our problem. What we're really interested in what is actually happening.

But a 5-6% ripper in Bitcoin yesterday and a near 30% rally in Marathon Digital certainly gets my attention.

First, here is a longer-term look at the structural uptrends in Bitcoin and Ethereum as they both held support from former resistance levels at their prior cycle peaks.

Notice how the buyers stepped in right near those former highs:

From the desk of Steve Strazza @Sstrazza

Monday night we held our March Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each

Let’s get right into it!

From the desk of Steve Strazza @Sstrazza

We held our March Monthly Strategy Session on Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

What can we say?

Bitcoin's absorbing overhead supply.

Our first target was 25,000, and it got hit.

Now we wait.

It's vital to not let the day-to-day price action drive our execution. It's driven by nothing but emotion, and it does more harm to investors than good.

We all know this. But it can be difficult to step back when necessary.

Objectively speaking, one of the many elements that differentiate great investors from mediocre ones is the ability to sit out of the market when there are no high-conviction opportunities.

One of our simple workarounds to this constant desire to be positioned is to set our invalidations and targets prior to putting money on the line.

People, you know how much we talk about relative strength in these parts.

No matter the attention we give it, we always underestimate its efficacy in financial markets. We talked all about this last week.

When it comes to leadership in this market, it's impossible to ignore Lido DAO $LDO.

Last week, most crypto markets saw moderate selling pressure following retests of critical levels of resistance.

At the same time, momentum is diverging in a bearish fashion, with our indicators putting in lower highs on this most recent high in price action.

Further, equity markets have begun to feel the pressure after selling off on a retest of resistance levels.

We'd previously noted that Bitcoin and equity indices had briefly decoupled on short time frames, pointing to resiliency on the part of crypto markets.

Last week, we saw this correlation return, with Bitcoin being dragged lower by selling pressure in risk markets generally.