Avenger Call – 08 Jul 24

02:30: Positive view on strength of Kaspa through downturn and potential to lead altcoin season recovery.
07:43: Impact of Tao network suspension on price.
08:06: Roundup of recent news including Mt Gox repayments and analysis dismissing major impact.
11:30: ETH price action, key support at $2900, potential downside to $2300 if broken. Fundamental positive catalysts from ETF approval.
13:52: Discussion of fear and greed index reaching levels as low as post-FTX crash indicating potential reversal.
15:13: Positive view of current fear levels as ideal buying opportunity if willing to hold for 6+ months.
19:04: Analysis of key liquidation zones and cumulative short positions for Bitcoin between current price and $72-74k resistance band.
23:26: Potential double top pattern playing out and potential further downside.
25:07: RSI showing bullish divergence but still in oversold territory, suggesting reversal potential.
28:07: Fibonacci analysis showing current support at 50% retracement level and resistance around 57-58k.
30:47: Importance of Thursday’s CPI data release and potential impact on risk assets and Fed policy outlook.
33:07: Fed funds futures showing high probability of rate cut in September pending CPI data.
35:27: Analysis of daily and 4hr vector candles and liquidity levels providing resistance.
38:33: Analysis of total market cap and key resistance at $620B needed to provide relief for altcoins.
40:05: Technical analysis of TAO and where prices could potentially go.
41:12: Most altcoins will struggle in the near term but some will outperform BTC, need to find and hold those projects.
46:11: Further technical analysis for TAO.
50:23: Technical analysis of KAS showing strength in holding 50MA and potential upside if sentiment shifts to altcoin season.
52:05: KAS has shown strength in turbulent times potentially signalling it will perform well if sentiment shifts to altcoin season.
57:11: Importance of not sharing seed phrases.
01:00:06: Positive outlook article and challenges listeners to think about their Bitcoin selling plans even if price hits $100k.