Avenger Call – 20 Aug 24

02:04: The MVRV Z-score chart and how it compares market value to realised value to gauge market sentiment.
12:29: The topic of market makers and their role in the crypto market.
16:31: Market makers and their primary functions, such as providing liquidity and taking the opposite side of trades.
17:44: Additional roles of market makers, including mitigating arbitrage and supporting token adoption.
20:02: Market makers exist to provide liquidity and stabilise prices, but they also aim to profit from this role.
24:33: Market makers use leverage to hold their positions open, allowing them to manipulate the market in their favor.
25:35: A price action example on a BTC 15-minute chart, showing how market makers can drive the price up and down.
31:22: How market makers can profit from the volatility they create by selling into the rallies and buying back on the dips.
34:20: The importance of vector candles in identifying market maker manipulation and potential price reversals.
38:50: Relationships between market makers and exchanges, similar to the Alameda Research and FTX case, which can lead to unfair advantages.
41:09: Technical analysis of various coins, including Kaspa and Tao.
43:54: Analysing the daily chart of Tao, including the potential head and shoulders pattern and future price targets.
45:22: Waiting for a higher high and lower low to confirm a potential reversal in the market.
46:41: Examining the 4-hour chart of Tao and discussing potential reversal signals and support levels.
47:43: The current price action of Bitcoin, including the Fibonacci retracement levels and potential support areas.
49:54: The “sell in May, go away” principle and the potential for a market turnaround in October.
50:43: Technical analysis of Polkadot, including potential re-entry points.
52:27: The overall crypto market cap and the potential impact on altcoins if Bitcoin dominance continues to rise.
54:28: Current market correction may continue until the end of Q3, with the potential for a relief rally leading into the October effect.