Trading Pub – 17 Oct 24

00:14: Concerns about AI text-to-audio tools replacing human audio work in the industry.
04:06: Former CEO of Uphold joined crypto hedge fund as Chief Commercial Officer.
06:39: Bearish CKB chart, identifying a potential double top pattern and resistance levels.
07:55: Bullish outlook for crypto, citing positive developments and the Tether market cap increase.
10:13: Bitcoin chart analysis, noting the need to hold the $66K support level to target new all-time highs.
12:34: The Kaspa chart, noting a potential bounce from strong support, but long-term concerns about its performance relative to Tao.
21:16: AI hype is expected to increase next year with the launch of ChatGPT 5 and Grok 3, driving up AI-related investments.
22:12: A bullish technical setup on the Tao chart, with a triple bottom and co-building from the bottom line with a halo.
23:41: Bitcoin ETFs are continuing to accumulate Bitcoin, with their total Bitcoin holdings reaching an all-time high despite the price not being at all-time highs.
30:00: Plans to take profits at around $1,500 Tao to buy a mortgage-free home and start a life insurance plan.
32:35: The crypto market is in a bullish position, with the total market cap nearing all-time highs and showing signs of a breakout from a compression pattern.
36:16: U.S. M2 money supply could reach $320 trillion, which would be highly bullish for Bitcoin.
43:11: Observed legacy coins have underperformed, suggesting they are not worth investing in due to opportunity cost.
47:30: Potential topping pattern in the Doge chart, indicating a possible downward trend.
52:46: Meme coins are currently performing well, but advised focusing on more promising projects like Uniswap, which is launching a new platform to reduce Ethereum fees.
54:49: Bullishness on Tao and Zapi, noting their charts show promising patterns and potential for future growth.
01:01:32: If Tao price increases 3000% it could reach $22K. Potential upside for Tao based on ETH’s past growth.
01:03:45: CoinGecko’s warning about contract changes may not always be accurate. Need to research the contract details to determine if it’s a real concern.
01:05:21: Crypto likely to rise regardless of US election outcome, but a potential cyber attack around the election could impact markets.
01:12:09: Using higher slippage tolerance on Uniswap trades during times of high price volatility to ensure trades execute successfully.
01:28:15: The Gamer Arena (GAL) token, noting concerns about centralised ownership, lack of liquidity, and potential issues like honeypots.
01:35:05: Bullish sentiment on the crypto market, expecting Bitcoin to break out once tether market cap increases.