Avenger Call – 16 Jul 24

04:08: Previous negative stance of US politicians and regulators like SEC towards cryptocurrencies.
09:04: Trump scheduled as keynote speaker and his newfound support for Bitcoin.
11:06: Potential positive impact on price from conference and Trump’s speech.
13:36: Shift in views from politicians like Trump and regulators like SEC becoming more positive towards cryptocurrencies.
17:33: Price increase in Trump-related memecoins like MAGA and DJT when news broke.
18:34: Positive impact on Bitcoin from Trump’s support and change in stance.
20:14: Recent positive Bitcoin ETF flows and BlackRock’s continued buying of Bitcoin.
22:12: Bitcoin price action over past week, key support and resistance levels, and forecasted price targets.
27:20: Open CME futures gap at $58,000 that may be filled in the future.
33:23: Plans to monitor EMA crossovers and market structure on lower timeframes in coming days.
35:45: Need for EMAs to continue fanning out on daily timeframe to improve market structure.
36:57: Analysis of Ethereum price chart, comparison to Bitcoin, and concerns over upcoming protocol news causing sell the news event.
40:05: DOT forming a double bottom pattern and price targets to break above 680.
42:32: TAO struggling to break above the 50 EMA resistance and further levels it needs to pass like the 618 fib level to indicate trend reversal.
47:11: NEAR has seen strong price moves but is expected to pull back to find support around 550 before continuing higher.
48:01: LINK has moved back into noise around 1530 and needs to break through that to be in a better position.
52:21: Business portfolio is 100% BTC and additional buys were made in the mid-55k to low-50k range in June-July.
53:04: Personal portfolio update of TAO, NEAR, DOT representing 75-80%. KAS is growing. Small amounts in RENDER, GLIMMER.
55:01: Never sharing seed phrases with anyone for any reason. Reach out if confused about security.