Avenger Call – 02 Jul 24
00:14: Bitcoin and a new world with the technology.
12:09: Bitcoin, Ethereum, Kaspa and BitTensor Analysis. Discussion of possible downward or upward movements and levels to watch.
18:41: Recap of recent Crypto news.
20:09: Past Bitcoin price action and importance of trend line as next level of challenge.
22:47: Potential support and resistance levels for BTC weekly chart.
25:17: Blockbuster Summers’ narrative and chart showing on average 7% increase in July based on past 10 years.
33:13: Price action around the support levels and generally bouncing after spending time at lower levels.
34:50: Daily chart fib retracement levels and current rejection from 382 level.
36:50: Broken downtrend on CME chart and expectation of KOBO to fill CME gap at around 60k level.
38:01: CME gap at 60k level and high probability of it getting filled based on past gaps filling.
40:12: Analysis of Bitcoin price and expectation of further rise above $64,000 based on retesting support.
43:02: Review of stock-to-flow model and prediction of $450,000 Bitcoin price based on model.
46:57: Diminished returns in halving cycles and prediction of $150,000-$220,000 Bitcoin price.
51:10: Michael Dell confirming large Bitcoin purchase, showing increased institutional adoption.
53:32: Recent positive Bitcoin ETF inflows and expectation of continued inflows.
54:58: Walkthrough of using BitTensor stats page to calculate staking yields, challenges due to changing APR.
01:00:27: Labour likely to form new UK government but no mention of crypto policies.
01:01:12: No UK party seems focused on crypto policies.
01:01:14: Republicans seem more crypto-friendly based on Trump’s actions like accepting Bitcoin donations.
01:02:52: Potential H&S pattern on NVIDIA stock. Fall could impact S&P, NASDAQ, crypto and AI coins.
01:11:46: TAO struggling with 10EMA and facing resistance above.
01:15:44: Still holding full Polkadot allocation.
01:16:46: Coinbase launching derivatives for DOT could increase institutional interest and transparency.
01:17:55: Potential support for Kaspa at 16 cents and 14.5 cents based on trendlines and EMA levels.
01:21:25: Recent price action and support levels for TAO.
01:23:31: Breakdown of current portfolio holdings across business portfolio.