Avenger Call – 19 Mar 24


00:07: Introduction to discussing AI in crypto, Bitcoin price action, and looking at news.
04:31: Technical analysis of Bitcoin showing it testing key support levels during the pullback.
05:06: Don’t panic about price drops and that pullbacks are normal and expected.
05:21: Technical analysis on current pullback compared to previous cycles.
06:08: A whale briefly crashing Bitcoin price to under $9,000 on BitMEX.
07:54: MicroStrategy bought another $600 million of Bitcoin during the recent dip.
16:33: SwissBorg will no longer accept GBP deposits, narrowing UK fiat on-ramps.
17:37: Set up accounts on multiple FCA-registered exchanges as a precaution.
29:52: Buying pressure from ETFs is keeping prices climbing but there has also been some selling and net outflows recently which may have caused a temporary price drop.
30:42: There have been some net outflows over the last couple days from selling not just from Grayscale but overall.
31:06: The fear and greed index is currently in the high 70s range of extreme greed.
31:52: Highlights the 2020-2021 run up and some of the large pullbacks seen during that period.
33:03: Some of the larger pullbacks during the 2020-2021 run including a 50% drop that took 6 months to recover from.
50:20: Will the Nvidia conference pump crypto more than other conferences given Nvidia’s focus is on graphics cards and AI, not cryptocurrencies.
59:52: Analysis of Glimmer price chart, recent support at the 50EMA and potential for further upside if that support holds.
01:00:57: Analysis of Polkadot price chart, key support at $9 and potential upside to $16 if that level holds with plans to take profits and restake DOT more flexibly.
01:06:09: Harry’s personal cryptocurrency portfolio percentages in old coins and recent sales of ALPHA token.
01:09:41: Breakdown of current portfolio including allocations to BTC, NEAR, Polkadot, Render, etc. and their performance. Mentions taking profits from some holdings.
01:15:41: Discussion of Space Mesh project that was asked about, but not much is known about it yet. Mentions need to do more research on it.
01:23:41: Profit taking levels set for NEAR, Polkadot, Chainlink months ago and how they aligned with price action. Discussion of re-entering positions.
01:27:12: Question about tax treatment of staking rewards and need to track them.

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