This is the video recording of our June 10, 2022, All Star Charts Crypto Weekly Strategy Session.

It's no secret that long-duration assets have been hit the hardest in this bear market, with interest rates on the rise.

Think about growth stocks and the tech junk that peaked in February 2021 -- it's been a painful bleed lower ever since.

But, in recent weeks, even the worst stocks have stopped going down.

And, what's more, they're finding footing at notable levels of interest, whether it's their pre-pandemic highs, their pandemic lows, or their 2018 lows.

Yesterday, we explained our neutral bias over short time frames. With elevated futures leverage, we continue to anticipate whipsaw-like price action.

Last night we saw this manifest, with Bitcoin $BTC sharply selling off, giving traders yet another failed breakout signal.

This was the first strong selling we've seen in Asian hours for a while. As it stands, this is not a friendly tape for short-term directional trading.

As we said yesterday, this appears to be a “fade the breakouts” type of environment.

We also discussed the following altcoin index chart, noting that alts haven't provided a strong buy signal over short time frames.

The index is still below key support, on an absolute basis and, more importantly, relative to Bitcoin.

Crypto markets appear to be stabilizing in the aftermath of the Terra $LUNA crash, with Bitcoin $BTC slowly progressing to the low 30,000s. Many altcoins are pressing down on critical support levels.

As we'll cover in tomorrow's note, many are well-defined for long-taking opportunities if the conditions arise.

But looks can often be deceiving.

We're still placing a high weighting that near-term price action will involve a high concentration of whipsaws. This appears to be a "fade the breakouts" type of environment.

This is all taking place within the context of Bitcoin resting on macro support of around 30,000.

All in all, we have a neutral bias for the weeks ahead. But, zooming out, this would be a logical area to see Bitcoin and the others bounce over longer time frames.

This is the video recording of our June 3, 2022, All Star Charts Crypto Weekly Strategy Session.

From the desk of Louis Sykes @haumicharts

The beauty of trading and analyzing crypto is the level of transparency of the data.

This is put on full display when it comes to the sprouting industry of on-chain analytics, but the same principles apply when evaluating money flow as a collective.

Not only does crypto host its own exclusive metrics that aren't available in traditional markets, but traditional indicators like the topic of today's post often have additional nuances involved.

This enables us to gain even more insight than what is possible in other asset classes.

Today, we wanted to explore how we use open interest in our crypto process to supplement our traditional technical analysis research.

It's that time again -- monthly candlesticks!

Longtime readers know how much we love new monthly candlesticks. They force us to zoom out from the day-to-day noise and focus on what's really taking place.

In the case of Bitcoin $BTC, it can't get any more defined than 30,000.

Remember this time last summer when we were obnoxious about this level every week?

There's no denying that the market action over the last month has been hectic.

From the collapse of Terra $LUNA to the crash in governance tokens, not to mention the macro headwinds that have played their role in crypto markets.

With all this noise, let's zoom out and focus on how we're viewing the current situation.

This is the video recording of our May 27, 2022, All Star Charts Crypto Weekly Strategy Session.

From the desk of Louis Sykes @haumicharts

In yesterday's note, we made a brief argument for caution.

Today, I want to add some further context and discuss one of the difficulties involved with trading in a tape as messy as this.

Some tools and some strategies work great in certain market environments but terribly in others.

The range can include the following: looking for bearish breadth divergences at the start of bull markets; using a long-term moving average as an entry in a sideways market environment; or even something as fundamental as deciding how to approach tactical trading opportunities.

In the case of today's crypto market, a big mistake would be to directionally trade Bitcoin when no real direction has been ascertained.

Last week, we posed the question, "Was That It?"

As it stands, Bitcoin $BTC continues to hold above 30,000 following its brief false move. There are a number of levels we're monitoring over short time frames.

Correlations with legacy markets remain intact. But we're likely at an inflection point with respect to the co-movement between crypto and legacy.

This will be the emphasis of today's note.