Avenger Call – 13 Aug 24

02:02: Bitcoin’s weekly chart analysis, noting a bounce off $49,000 but still in a downtrend.
03:05: Kaspa as the strongest altcoin, with higher highs and higher lows on the weekly chart.
03:48: Ethereum’s struggle to make a significant bounce back, with resistance at $2,900-$3,000.
05:23: TAO’s price action analysis, noting a potential head and shoulders pattern and a continued downtrend.
07:09: Donald Trump’s return to X and his interview with Elon Musk, noting the lack of discussion about cryptocurrency in Trump’s campaign promises.
09:43: The US election impacts on the crypto market, with Republicans potentially being more favorable towards it.
13:26: The sharp recovery of the Japanese stock market after last week’s crash, in contrast with Bitcoin’s slower recovery.
15:14: The positive PPI data released today and its potential impact on a future interest rate cut by the Fed.
16:15: The upcoming CPI data release and its importance in determining the Fed’s monetary policy decisions.
20:03: The timing of the release of economic data and its impact on the market.
20:50: Analysing the fear and greed index and its impact on the market’s reaction to news, including the strong PPI data and potential for a pullback.
25:19: Potential strategy to delay a recession until after the election.
28:22: The current Bitcoin price chart and the importance of breaking above the $63,000 level.
32:01: The lack of significant long positions and the potential for market volatility due to low trading volume.
34:13: The potential for a 50% retracement and consolidation before a potential bullish move.
36:02: Examining the Fibonacci retracement levels and their relevance to the recent Bitcoin price movements.
37:05: The potential significance of a live vector candle on the Bitcoin chart and its implications for future price action.
43:14: Current portfolio allocation, with 33% in USDT, 26% in NEAR, and reduced Polkadot position.
48:02: Why Kaspa may not have been listed on major exchanges, such as liquidity and regulatory concerns.
52:18: Meme coins need to “catch fire” and be highly memeable to succeed.
55:23: Why Harry has stopped trading on MEXC due to difficulties in obtaining accurate trade history for tax purposes.
58:41: Tao price analysis chart, observing the continued downtrend and lack of a clear reversal signal.
01:00:04: Analysing the 50 EMA and its impact on Tao’s price movement. Discussing potential support and resistance levels.
01:05:19: Analysing the price action of DOT, including potential support levels and the possibility of a “dead cat bounce” scenario.
01:06:49: Technical analysis of other altcoins like Glmr, Link, and Render, and their current market conditions.
01:09:09: Examining the Bitcoin dominance chart and its potential implications for the overall cryptocurrency market.
01:10:00: The importance of balancing risk and Harry’s plan to hold onto certain positions like Near, Render, and Kaspa.
01:11:19: An overview of the four-year crypto market cycle and its historical patterns.