Avenger Call – 23 Jul 24

03:37: Weekly BTC chart analysis, discussing bull flag pattern and potential downward momentum.
06:00: ETH chart analysis and concern over price not fully recovering like BTC.
07:38: TAO chart analysis and support around $265-$275.
09:02: ETH ETFs went live at 2:30pm UK time. Over $1B in trading volume on first day.
10:01: Breakdown of initial ETH ETF inflows across different providers like Grayscale, Bitwise, and BlackRock.
11:44: Potential selling pressure from Grayscale’s ETH holdings and impact on price.
11:46: Will monitor Grayscale wallet activity for signs of selling pressure from ETH holdings.
14:51: $3.2B in BTC moved from Mt Gox, likely causing initial price drop.
15:57: BlackRock’s $523M BTC inflow, largest since March, as a sign of continued institutional confidence.
18:20: Trump comments on potentially using BTC to prop up US reserves given rising national debt.
21:01: Crypto being used as a political football over the next few months in the US elections.
28:57: Bitcoin price action and identifying potential support levels on further downside.
33:59: Ethereum price action in relation to Fibonacci retracement levels and comparing to previous ETF launch.
40:04: Past Bitcoin bull runs and comparing to current price action, noting similarities in ranging periods before large price increases.
45:01: Bitcoin price could reach $250,000 this cycle based on comparing current price action and ranging to prior bull runs.
47:02: Past total crypto market cap bull runs and comparing to current ranging.
55:32: TAO price action, noting rejection from resistance level and considering exiting positions or adding at lower levels.
01:01:04: TA of KAS showing strength on 4 hour timeframe with higher highs and higher lows.
01:05:01: Considering cancelling planned TAO purchase and using funds to buy more KAS.