Avenger Call – 21 May 24

00:00: Plan for tonight’s session.
00:49: Recent Bitcoin price action and potential support levels.
07:43: This weeks Crypto news
10:02: The SEC starting to engage with exchanges on amending Ethereum ETF applications and upcoming deadlines this week.
10:10: Ethereum’s 20% price surge on the ETF news.
11:38: Kaspa’s recent price rise and potential for a retracement.
12:16: The ETF approval process timeline and upcoming deadlines.
12:18: BitTensor hitting a key resistance level and awaiting confirmation of a trend change.
13:03: Comparing the process to previous Bitcoin ETF approvals and potential outcomes.
15:50: Increasing crypto portfolio exposure again by re-entering positions in anticipation of positive ETF news.
16:48: Only keeping a small amount in stablecoins available for new opportunities.
19:49: One step closer to ETF approval.
20:04: Review of recent bitcoin price action, bounce off trendline, rejection from 50MA. Potential for retest of 60K level.
22:18: What might happen next – turn around, collapse down, retest levels like 60K, 57K or new low.
25:03: Bull flag pattern potentially taking BTC price to 100K based on technical analysis. Potential resistance at 83K first.
26:26: Potential golden cross on 12H chart this weekend and 170% move up potentially to 130K if confirmed.
28:00: Uncanny timing of potential golden cross and recent rumors of Ethereum ETF following a similar pattern to Bitcoin ETF approval last time.
31:32: Six straight days of strong net inflows of $300M+, suggesting continued institutional buying which is generally positive for price.
33:03: Where Harry is staking TAO and if FirstTensor is delivering 20% as advertised.
37:47: Review of stakingrewards.com data showing individual validator reward rates much lower than 18%, down to 11.99%.
38:41: Tensor discord planning to remove 18% staking cap and allow validators to competitively set rates from 0-18%.
42:25: Deeper look at Ethereum chart on lower timeframes, discussion of compression pattern and potential breakout above it.
47:09: Recent positive price move for Polkadot and discussion of underlying fundamentals from new features.
50:40: Projects that could benefit from positive Nvidia earnings and potential Ethereum ETF approval.
59:31: Recent positive price move for ZAPI but skepticism about long term potential without broader adoption.
01:03:28: Clarification of current portfolio holdings including BTC, DOT, HOW, GLMR, NEAR, and SOL with plans to take profits into other tokens.
01:03:57: Technical analysis of KAS showing a potential head and shoulders pattern and price targets based on fib retracement levels.
01:07:00: Preview of an upcoming exit strategy spreadsheet to help users set monetary goals and track portfolio progress towards those goals.