Avenger Call – 09 Apr 24

00.12: Starting with some price action
05.30: Looking through this week’s Crypto news
12:00: The halving happens every 210,000 blocks which is roughly every 4 years and that it cuts the block reward in half each time.
16:33: A halving reduces the Bitcoin supply by half but demand is still there so price is expected to increase due to supply and demand dynamics.
20:02: How the Bitcoin block reward is cut in half every 210,000 blocks.
22:05: Visualisation of the halving process showing the block rewards and new Bitcoin created at each halving point in 2012, 2016, and 2020.
26:02: Price percentage increases in the 12 months before and after the 2012, 2016, and 2020 halving events.
29:30: Growing institutional investment from approved ETFs and upcoming ETNs in the UK and other countries.
31:11: Over 10% of Bitcoin on exchanges has been withdrawn in the last 8 weeks, indicating reduced supply availability.
40:02: Previous bitcoin halving events and market pullbacks that followed.
43:55: Future research on Octaspace and Neurie NXA.
47:55: Explaining what the Base network is, it is a layer 2 built on Ethereum but does not have its own native token, requiring the use of ETH instead.
51:04: The process to bridge ETH from Ethereum mainnet to the Base network using the bridge at base.org, then how to interact with dApps like Uniswap on Base using the bridged ETH.
59:43: Purchasing tokens like TAO from an exchange never used before for personal funds instead of the business exchange to better separate for tax purposes.
01:02:41: Current portfolio holdings and plans to reduce some smaller positions.
01:04:52: Potentially selling BNC position to free up capital for other holdings.
01:06:03: Analysis of Kaspa chart posted by member and identifies potential support levels based on fractal patterns.
01:11:04: Drawing trend lines and Fibonacci retracements on Kaspa 4h chart to identify potential support levels.
01:13:43: Analysis of TAO daily and 12h charts, identifying support at EMA cluster and potential for further downside movement.
01:15:20: Sitting on the sidelines given coin flip situation and not wanting to miss potential upside due to overactive trading.
01:18:44: Creating a new video explaining Fibonacci retracement settings and how they are used in technical analysis.
01:20:08: Bitcoin price compression and potential downside targets on the 1-hour timeframe.
01:25:01: Analysis of support levels and potential downside targets for Bitcoin if support is lost.
01:25:39: Polkadot is rangebound between support and resistance levels on the daily chart.
01:26:37: Upcoming Polkadot 2.0 upgrade could boost price if fundamentals are delivered.
01:27:43: Ethereum price rise may be a dead cat bounce with downside to previous lows.
01:29:02: Best case scenario for Bitcoin over the next 4 weeks would be rangebound consolidation.
01:30:51: Town continues downtrend and has significant downside risk given prior parabolic rise.
01:31:14: Concerns about lack of volume and activity on Zapi make it a risky investment.
01:33:07: Typically Ethereum underperforms BTC at the start of bull markets before outperforming later.
01:36:56: Strategy to hold Bitcoin, switch to Ethereum after the halving, then back to Bitcoin could maximize gains.