Avenger Call – 28 May 24

00:14: Plan for tonight’s session.
03:01: Current bullish medium-term outlook on Bitcoin but acknowledges potential for further downside.
05:32: Concern about TAO price action and potential to take profits if it closes below $407 support.
06:34: Recent Mt. Gox news and movement of funds. Also discusses Craig Wright court ruling finding he is not Satoshi Nakamoto.
12:47: Potential shift in US policy towards crypto.
16:30: Audio of Trump speech discussing cryptocurrency and goal to make US a leader.
20:00: Positive steps in the House of Representatives to pass bills related to cryptocurrency and implications for price action.
22:23: Potential for more open and inclusive regulation if both parties have to address crypto in campaigns.
23:42: Trump reportedly holding crypto portfolio including meme coins that spiked on his comments.
26:19: This election cycle is Bitcoin’s first election and positive mentions during it could help price.
28:00: Analysis of Bitcoin price action on daily, monthly and lower timeframes, current ranging and potential upside targets.
31:45: Discussion of downside targets around $50-52k if triple top is formed based on fib retracement levels.
41:49: Previous research on AIOZ Network in October but did not act on it, and how it has since increased significantly in price.
44:00: TA of the AIOZ Network price chart, noting consolidation and resting on the 50EMA support line.
47:44: Potential $8 billion market cap by end of bull cycle based on fundamentals and market opportunity.
48:12: AIOZ Network has legs to go much higher than current price based on strength of narrative.
49:14: Overview of what funding rates are in the context of futures trading on exchanges.
01:01:18: Comparing bitcoin halvings to altcoin market peaks, suggesting a peak in late 2025.
01:04:08: Comparison of 2016 and 2020 bull runs showing steep parabolic rises coming after initial consolidation post-halving.
01:05:01: Altcoins have not fully rallied yet and much larger gains are still to come in next bull market.
01:07:07: Meme coin trades should focus on getting in very early at launch and exiting quickly within 10 minutes to an hour for best returns.
01:11:06: Past meme coin trades, both successes and failures. Strategy is to risk small amounts per trade and accept losses will outweigh wins.
01:12:33: Analysis of DOT showing potential for retest of $6.40 level but remains above 50MA.
01:14:11: Analysis of TAO showing lower highs and squeeze between moving averages.
01:15:32: Analysis of NEAR showing continued strength bouncing between moving averages with potential buying opportunity on drops below $7.
01:16:31: Analysis of RENDER showing potential double top but not clean.
01:17:13: Analysis of TAONU showing potential turnaround after interaction with 50MA.
01:18:41: Analysis of Entangle showing positive reaction to news.
01:20:15: Current price drop seen as an opportunity to buy altcoins before next rise.
01:20:55: Exit planning spreadsheet and video will be released next week.
01:22:04: Feedback and corrections to the spreadsheet are welcome.