Skip to main content

Displaying 13 - 24 of 338

All Star Charts Crypto

Fibonacci Levels in Polygon

February 9, 2023

Have you figured it out yet?

Is Bitcoin about to roll over here?

Or are we flagging before the next run-up?

The beauty of this game is that we don't need to predict the future. Instead, we can rely on price action to dictate our execution.

In this case, we're waiting to see how Bitcoin reacts to all this overhead supply before committing to any new longs.

And, on the contrary, if we see a resolution out of this range, or if we see weakness in the coming weeks, we'll be loading up on some positions.

So, in the case that we see some selling pressure come in, where do we want to be positioned?

 

 

 

All Star Charts Crypto

Waiting for the Perfect Setup

February 6, 2023

Over the last week, we've seen some mild profit-taking, with Bitcoin and Ethereum chopping around following retests of critical resistance levels.

Our thesis remains that a structural shift has occurred, with the short- and intermediate-term trends now higher.

 

 

All Star Charts Crypto

Hitting Supply

January 31, 2023

This is it.

When people ask us what's been happening in the world of crypto, this is the chart we show them.

Bitcoin -- and crypto more generally -- has been a big nothingburger for over a year. Especially with Bitcoin trading below its prior cycle highs, there was absolutely nothing to be done in this asset class.

But that all changed a few weeks ago.

 

All Star Charts Crypto

Buy the Dips

January 30, 2023

Another positive week -- add it to the growing tally!

This is the first time Bitcoin's been up for four consecutive weeks since August 2021. Similarly, Bitcoin's 14-day RSI eclipsed its highest level going back more than two years.

We have a name for this price action...

Momentum thrusts.

We see them all the time in the beginning stages of new trends.

There's no denying that this move has been impressive. In fact, we'd even argue that it represents a structural shift in this market.

But where do we go from here?

Let's dive into this week's letter.

 

 

 

All Star Charts Crypto

Keep an Eye on This Crypto

January 25, 2023

I hear ya.

You don't want boring words.

You want trade ideas!

We know we haven't published many over the last year. But this has been a purposeful decision.

Think about what's happened. People who forced old strategies in this bear market were culled.

This environment has been the polar opposite to the Solana summer. You can't buy random shitcoin breakouts and multi-bag trades within a few days.

It just hasn't been that kind of market.

But this is potentially changing.

 

 

 

All Star Charts Crypto

Assessing Crypto's Momentum

January 23, 2023

There's a high degree of momentum driving the market.

Last week, we saw a continuation of this bullish action, with Bitcoin and altcoins taking out local resistance levels.

This comes as little surprise, considering the trends are now unequivocally higher.

 

 

 

All Star Charts Crypto

Taking a Tactical Look

January 18, 2023

We did it.

We've flipped the book long.

With Bitcoin $BTC and Ethereum $ETH reclaiming their prior-cycle highs, we even went as far as arguing that this recent move represents a structural regime shift for the asset class.

In our view, both the short and intermediate-term trends have now definitively shifted higher.

This comes within the context of a slew of risk-on developments in traditional markets.

 

 

 

All Star Charts Crypto

A Structural Shift

January 17, 2023

What a week, eh?

Bitcoin had its best week in two years, with the orange coin rallying 22%. Many coins followed suit, with names like Solana gaining a whopping 60% last week.

This move was merely a continuation of the momentum we pointed out at the beginning of last week, with many of our internal breadth metrics moving into bullish conditions.