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Make no mistake: Volatility is around the corner.

While price action is trending in nature, volatility mean-reverts. Periods of low volatility precede volatility expansions and vice versa.

So, where do we find ourselves today?

...

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This market's been so easy, right?

You literally had to do nothing, and you've outperformed some of the most sophisticated crypto trading firms on the planet.

By loss realization and institutional contagion, this is the single worst...

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There's no denying it.

The US dollar has been an incredible reflection of financial conditions this year. By extension, the correlations between the dollar and risk assets have held firm.

Equities and crypto were under pressure whenever...

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The strategy was simple: long Coinbase $COIN above the May lows while cutting our losses below there.

And, lo and behold, it took out those pivot lows. Like any responsible trader...

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What a sloppy tape.

Don't let these drawdowns fool you; there is nothing stopping this market from getting worse. Over the last week, we've seen even more downside participation manifest, with many coins taking out their most recent November...

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In our Dec. 5 note, Hitting Resistance, we argued the case for continued caution.

With the S&P 500 $SPX testing its channel resistance, the US Dollar Index $DXY sitting on long-...

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There's no denying we've been on the sidelines for the longest time.

Equity markets have stalled at logical resistance zones, while the greenback looks primed to experience a mean-...

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Have you heard the news?

Binance is the latest FTX!

Seriously, have you seen all the red flags?

It's insolvent, bro.

Just trust me, bro.

Alright, in all seriousness, there's been a fair amount of rumors surrounding...

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Over the last few months, I've started taking my fitness and my health more seriously.

In my first fourth months of strength training, I packed on 30 pounds and added close to 100 pounds on my squat and deadlift. I started out at a tiny frame...

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There's been no questioning how we've been positioned in crypto markets.

For the longest time, we've promoted high cash positions in this tape. Patience has been a significant virtue for traders to maintain.

Extending on this...

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It's been impossible to ignore.

Equities and cyclicals have seen some modest gains off the lows, while growth areas and crypto markets have waned. In fact, by our calculations, this year has seen one of the greatest disparities in performance...

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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,...

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We like to keep things simple and remove unnecessary complexity.

As far as we've been concerned, over the last few years -- and particularly since the November high -- Bitcoin has merely followed legacy markets.

For the longest time, it'...

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We remain patient in the face of this price action.

In fact, it's been many months since we've expressed any bullishness over long time frames.

At heart, we're trend followers. We're not here to stand in the way of the market. Rather, we...

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Following the collapse of Alameda and FTX, crypto's correlations to legacy markets have completely come off.

As an asset class, this is the most independent crypto has traded for over a year. For most asset allocators and traders, this is...

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Tomorrow, I'm off for a roadie to Wellington to catch up with some buddies and to go to a lecture. It all should be a great time.

Last week, I spent some time at my Mum's lifestyle block, house-sitting and looking after their animals.

It...

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Market breadth has to be the handiest tool in our technical analysis kit.

Sure, we love ripping through thousands of charts to gauge broad market trends. But breadth indicators are a cheat code. Putting in the work, we can easily quantify and...

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