Avenger Call – 29 Oct 24

01:41: Bitcoin broke out of a trend line, retested it, and has seen strong positive moves over the past 3 days. Next target is the all-time high.
03:49: Kaspa has been underperforming compared to Bitcoin and other altcoins, but has a strong community and is expected to recover once the market turns around.
06:52: TAO is still in a downtrend but has seen a positive bounce in the last 3 days.
10:18: Upcoming unemployment data could be a positive news event for Bitcoin. Aim is to drive price up towards the all-time high.
12:39: Bitcoin ETFs have seen significant inflows, with over $1 billion invested in the last 3 days.
18:12: Bitcoin has hit a key resistance level at $71,400 that it has not closed above since the all-time high.
20:36: Analysing Fibonacci levels to identify potential support and resistance zones in the short-term price action.
23:20: Potential performance of meme coins on Binance, noting that listing on major exchanges may not be an absolute requirement for growth.
27:14: The long-term sustainability of the BTC network as mining rewards decrease, and provide a counterargument.
30:33: Guidance on portfolio management, emphasising the importance of avoiding FOMO and YOLO, and instead focusing on research, exit planning, and maintaining a balanced approach.
33:04: The current price action of Bittensor, noting the potential for a retest of the $500 level before a potential move higher.
38:00: The decision to exit the Polkadot position, acknowledging the potential missed opportunity, and consider the possibility of re-entering the position.
41:27: The EMAs for Ethereum are squeezing together, indicating a potential push higher if the altcoin market dominance continues to rise.
43:32: The next Avenger call will be on election day.