Avenger Call – 24 Jun 24

00:09: Hash Ribbons indicator on TradingView to analyse bitcoin mining capitulations.
00:25: How the hash ribbons indicator works by tracking the 30-day and 60-day moving averages to identify mining capitulation periods.
00:54: How to interpret the hash ribbons indicator.
02:24: The hash ribbons indicator during the 2016 bitcoin halving.
08:08: Current bitcoin price of 60k and key support levels of 57k, 56.5k and 52k based on Fibonacci retracement levels and price action.
13:08: Potential BTC double top patterns with necklines at 61k, 60k and 57k and downside targets of 50k, 47k and 40k respectively if necklines are broken.
18:08: BTC long liquidation levels on Deribit building up around 55k if price falls from current 59.7k level with potential for $340m in liquidations.
23:08: Review of $1.1b of net outflows from bitcoin ETFs in last two weeks led by Grayscale selling while Blackrock has not sold and remains the largest ETF holder.
28:08: Potential relief rally in altcoins after recent declines and analysis of TAO coin and Zappy coin including lack of volume, interest and narrative building.
38:22: Recent price movements of TAO and outlook on potential support levels. Discussion of concerns over selling pressure.
51:22: Technical analysis of LINK price chart and regret over missed opportunity to buy more at lower prices.
01:04:22: Plans to buy more Kaspa at potential support level of $0.12-0.13 if reached and analysis showing its relative strength.