Avenger Call – 02 Apr 24

00:13: Overview of recent price drops and discussion of potential double top pattern forming in BTC chart.
01:02: Recent FUD surrounding TAO and plan to analyse impact on price.
01:44: Overview of TAO price chart showing downtrend and reaction to recent support level.
04:42: Technical analysis of ETH chart showing potential double top pattern and support level to watch.
13:00: US government moving 30,000 BTC from Silk Road funds and potential impact on price.
19:55: Recent Grayscale report analysing current bitcoin bull market and comparing to previous cycles.
27:00: Current on-chain metrics like stablecoin supply increases, total value locked in DeFi, and reduced bitcoin held on exchanges, all of which suggest a heating bitcoin market.
33:00: Potential for an earlier bull market peak given catalysts like bitcoin ETF inflows and metrics suggesting an advanced stage of the current run, versus typical halving event timing in previous cycles.
44:03: Market value realized value and net unrealised profit and loss indicators and where they currently stand.
47:27: The Collin Talks Crypto Bitcoin Bull Run Index (CBBI) and notes it is currently at 79 out of 100.
51:59: CBBI is usually around 50 at pre-halving but currently at 79, suggesting peak may be earlier.
53:11: Retail sentiment indicators like YouTube and Google Trends not near past peaks, suggesting more room to grow.
55:01: Visualising typical 4-year cycle and notes over 1.5 years still left based on 5 innings framework.
56:03: ETFs and coverage causing earlier wake up, suggesting potential for left-leaning peak between Dec 2024-Apr 2025.
57:04: Focus on ensuring exit plan is correct to avoid missing opportunities or declines.
58:30: Retail not as involved yet, so upside still exists even with earlier peak.
01:07:02: Recent price drops in TAO, views on FUD posts, and importance of challenging own views rather than dismissing criticism.
01:15:02: Research FUD claims for 10 minutes daily to understand counterarguments and remain informed on projects.
01:22:02: TA analysis of TAO price action, levels of support and resistance, and plans to place buy orders if price reaches certain levels.
01:30:02: Brief TA analysis of other projects like DOT, BASED, and BNC with levels to watch and potential next steps like unstaking and buying more.
01:30:30: Analysis of the FET token including support levels and recent price action.
01:32:06: Technical analysis of Ethereum including a potential double top formation and lack of price movement after an upgrade.
01:33:47: Technical analysis of various meme coins including ICE and ZAP including double top formations and lack of interest/volume.