Avenger Call – 20 Feb 24

00:57: Analysis of Bitcoin’s current price range and spinning top chart pattern. Discussion of past halving events and typical price action.
01:13: No news to report on from the last week. Suggestion to dive into price analysis and discussion of being ‘married to your bags’.
03:42: Ethereum’s strong growth and breach of $3,000 price. Prediction that it will stay above that level.
04:22: Ethereum is leading the way for altcoins. Mention that Bitcoin has clawed back some gains recently.
05:00: Tau price chart and recent pullback. Plan to buy more Tau and flip between Tau and KAS.
07:50: Bitcoin dominance chart and analysis of past halving events impacting dominance. Consideration of when to flip from Bitcoin to altcoins.
20:04: Looking at top 100 altcoins from 2017 peak and 2021 peak to see how many maintained positions or dropped out, potentially indicating future market shifts.
23:08: Bitcoin – Long-term holding rather than trading, as it will be needed as a currency and become very scarce.
25:04: Bitcoin dominance may rise to 58% before halving but then fall, allowing an altcoin season in 2025. Will monitor total market cap.
40:04: How the top 100 cryptocurrencies in 2017 have changed, with many dropping out of the top 100 now. Only 19 projects have remained in the top 100 consistently.
46:58: The average market dominance of each position in the top 100 over time to estimate what market share a project may have if it reaches a certain position.
47:00: Experience using a specific validator called FirstTensor based on a recommendation and the high APR being offered.
51:52: Using the market dominance data and calculations as a reality check and tool to evaluate if one’s exit plan for their project is realistic based on what would be required to reach a certain market position.
57:16: Recently listed game token Pixel on Binance, game mechanics, tokenomics, and potential user base given Axie Infinity community ties.
01:00:14: Pixel token and whether it could succeed on mobile. Mentions Ronan and Axie community backing the project.
01:01:02: Pixel’s marketing from Binance Launchpad and Ronan support, but has not looked at tokenomics. Thanks listener for bringing it to their attention.
01:03:07: Institutions will keep buying BTC assuming it is profitable for them and their investors. But interest could wane if losses are incurred.
01:16:10: Quick walkthrough of setting up a Cubic wallet.
01:24:01: Analysis of Bitcoin daily chart showing recovery of recent losses and consolidation around $52k level.
01:27:24: Bitcoin 4-hour chart showing bounce off 50EMA and resistance around $52.5k level.
01:31:09: Bitcoin may see a pullback to the $40ks in the coming weeks before further upside.
01:36:34: One more leg up may be needed to catch more buyers before a correction in March.
01:37:13: Positive view on Ethereum with strength above $3k level and retest of 50EMA on hourly chart.
01:38:14: Caution expressed on Tao daily chart with losses of 10EMA and 20EMA support. Potential W pattern forming.
01:40:16: Wanting the price to clear clouds and close above a certain level in the next 2 hours and 18 minutes.
01:41:38: Benefits of BitTensor being built on Polkadot network for DOT holders.
01:43:36: TaoNu price chart and prediction of retesting highs around 3 cents.
01:45:31: Top 100 cryptocurrencies are very fluid and unpredictable beyond the top 50.