Avenger Call – 30 April 24

00:18: Overview of current levels for BTC around $59k, total market cap at critical $600B level, and breakdown of individual altcoins.
05:03: Upcoming court hearing for CZ and potential impact of sentencing on crypto markets. Overview of FOMC meeting and importance of Powell’s comments.
11:00: Deeper analysis of BTC daily chart, key support level at $59,643, and loss of EMA cloud as potentially bearish. Discussion of vector candles as potential recovery targets.
13:33: Drawing of potential M formation topping pattern on BTC daily chart and projected moves down to $50k range.
17:52: Deeper look at vector candles on hourly chart and likelihood of red zones being recovered based on past patterns.
20:00: Analysis of past market drops and comparison to current 20% drop. Discussion of weekly candle patterns and oversold indicators.
27:10: Outlook remains bullish long-term.
31:00: Fear and Greed Index and stock market sentiment discussed. Fed meeting tomorrow and earnings season noted as influencing factors.
33:00: Maintain conviction in projects and ride out the volatility unless levels are broken. Advice to see dips as buying opportunities.
36:10: Key support and resistance levels on Bitcoin weekly chart that would cause concern if lost. Portfolio impact of further drops discussed.
37:20: Potential portfolio impact if Bitcoin drops to key support levels and potential next steps. Details current portfolio positioning.
38:40: Not be discouraged by altcoin drops as the whole market is down. Advised to look for opportunities to buy good projects lower.
44:02: Gold and silver also down recently similar to crypto. BTC weekly chart showing potential support around 20WMA at $56K if it gets retested.
44:49: Wait for direction rather than taking immediate action. Watch for close below $59k support or above for signal. Monitor vector candle recoveries as potential targets.
45:12: BTC monthly candle not looking great, wants to see a close above $61.2K. Weekly chart analysis showing precedent for dipping below and retesting 20WMA during bull markets.
49:11: TAo analysis showing it is in a downtrend and plans to sell 50% if it forms another lower high without breaking an uptrend. Will look to buy more if it hits $280 level.
52:55: NEAR has held up better than most but still down 10% today. No plans to sell, will look to buy more if it hits around $540.