Crypto Banter Signals
SeerBot
SeerBot is a Dither product aimed at being an all-in-one trading bot with many upcoming features. On the backend, SeerBot can be integrated with popular Telegram bots such as Bonkbot and Unibot.
The integrators will pay referral fees, 50% of which will be used to improve liquidity on the Solana blockchain. We have noticed that BONKbot has already shown interest in Ditcher's Twitter spaces, which is certainly a green flag.
SeerBot
SeerBot is a Dither product aimed at being an all-in-one trading bot with many upcoming features. On the backend, SeerBot can be integrated with popular Telegram bots such as Bonkbot and Unibot.
The integrators will pay referral fees, 50% of which will be used to improve liquidity on the Solana blockchain. We have noticed that BONKbot has already shown interest in Ditcher's Twitter spaces, which is certainly a green flag.
Crypto Banter Signals
So, how good is their AI bot?
We dug out their percentile chart of max returns from their Telegram channel.
So, how good is their AI bot?
We dug out their percentile chart of max returns from their Telegram channel.
Crypto Banter Signals
We can see the majority of them are between 0%-200% per signal.
SeerBot can also be used to trade memecoins and spot them early. The bot can check for red flags, "meme-ability".
The bot spotted $BODEN when it had a $220k market cap; today, it has a market cap of $255m (nearly 100x).
We can see the majority of them are between 0%-200% per signal.
SeerBot can also be used to trade memecoins and spot them early. The bot can check for red flags, "meme-ability".
The bot spotted $BODEN when it had a $220k market cap; today, it has a market cap of $255m (nearly 100x).
Crypto Banter Signals
Tokenomics
Dither has a "DITH" token.
The token is used to access the services on the platform. To sign up for SeerBot, a user must hold at least 2500 DITH.
Fully-diluted market cap: $19m
Token address: E1kvzJNxShvvWTrudokpzuc789vRiDXfXG3duCuY6ooE
Investment thesis
In a bull market, prices are driven by narratives and stories rather than fundamentals.
Despite having decent fundamentals, checking whether Dither fits any narratives is important.
Fortunately, Dither fits many hot narratives:
AI: Since Dither focuses on developing AI models for trading, it fits an AI narrative
Memecoins: The platform also focuses on developing AI models to trade memecoins. Hence, if memecoins start getting crazy again, DITH will most certainly catch some of the momentum.
Telegram bots: Dither's telegram bot enables users to access a wide range of features and functionalities for trading. Additionally, it is getting integrated as a backend by bots like BONKbot and UniBot.
Prediction markets: Dither focuses mainly on predicting certain outcomes based on historical data. This places Dither to benefit from the prediction markets narrative if, for example, Polymarket and other prediction markets get traction.
Together, all these narratives, combined with the novelty and fundamentals of the platform, can greatly benefit and propel this token to new heights.
However, because of the novelty and lack of sufficient data regarding the traction, we would consider it a "moonshot"—yet it is a moonshot worth a punt.
Note: this is a developing thesis.
If you decide to make a punt, here is what to do:
Tokenomics
Dither has a "DITH" token.
The token is used to access the services on the platform. To sign up for SeerBot, a user must hold at least 2500 DITH.
Fully-diluted market cap: $19m
Token address: E1kvzJNxShvvWTrudokpzuc789vRiDXfXG3duCuY6ooE
Investment thesis
In a bull market, prices are driven by narratives and stories rather than fundamentals.
Despite having decent fundamentals, checking whether Dither fits any narratives is important.
Fortunately, Dither fits many hot narratives:
AI: Since Dither focuses on developing AI models for trading, it fits an AI narrative
Memecoins: The platform also focuses on developing AI models to trade memecoins. Hence, if memecoins start getting crazy again, DITH will most certainly catch some of the momentum.
Telegram bots: Dither's telegram bot enables users to access a wide range of features and functionalities for trading. Additionally, it is getting integrated as a backend by bots like BONKbot and UniBot.
Prediction markets: Dither focuses mainly on predicting certain outcomes based on historical data. This places Dither to benefit from the prediction markets narrative if, for example, Polymarket and other prediction markets get traction.
Together, all these narratives, combined with the novelty and fundamentals of the platform, can greatly benefit and propel this token to new heights.
However, because of the novelty and lack of sufficient data regarding the traction, we would consider it a "moonshot"—yet it is a moonshot worth a punt.
Note: this is a developing thesis.
If you decide to make a punt, here is what to do:
Crypto Banter Signals
Action plan:
-Go to Jupiter
-Insert the contract address (E1kvzJNxShvvWTrudokpzuc789vRiDXfXG3duCuY6ooE) of DITH in the "To receive" field.
-Execute the swap
Our take
Telegram is one of the few Web 2 companies investing heavily in crypto markets. Its ecosystem is wide with Telegram bots that we find very useful, and yesterday, we argued that its TON network offers a low-risk 8x potential.
The track record of Telegram bots is encouraging; we have already seen two waves of Telegram trading bots getting increased adoption. However, the innovation isn't stopping. Dither is one of those novel platforms layering smarter AI on Telegram bots.
To be clear, the project is still a moonshot, and this report is not a deep dive by our standards. We will be back with a more in-depth report.
But given what we've seen in UniBot and LootBot's performance, here's another chance to get in on ground zero. This is a high-risk play, but the upside potential could be worth it.
Action plan:
-Go to Jupiter
-Insert the contract address (E1kvzJNxShvvWTrudokpzuc789vRiDXfXG3duCuY6ooE) of DITH in the "To receive" field.
-Execute the swap
Our take
Telegram is one of the few Web 2 companies investing heavily in crypto markets. Its ecosystem is wide with Telegram bots that we find very useful, and yesterday, we argued that its TON network offers a low-risk 8x potential.
The track record of Telegram bots is encouraging; we have already seen two waves of Telegram trading bots getting increased adoption. However, the innovation isn't stopping. Dither is one of those novel platforms layering smarter AI on Telegram bots.
To be clear, the project is still a moonshot, and this report is not a deep dive by our standards. We will be back with a more in-depth report.
But given what we've seen in UniBot and LootBot's performance, here's another chance to get in on ground zero. This is a high-risk play, but the upside potential could be worth it.
Crypto Banter Signals
The value of BlackRock’s #Bitcoin holdings jumps to $18.9 BILLION 😮
The value of BlackRock’s #Bitcoin holdings jumps to $18.9 BILLION 😮
Crypto Banter Signals
ETH: Since yesterday, the price has essentially moved sideways, indicating a lack of momentum in either direction. To decisively favor one scenario over another, we require more definitive price action, but so far, we've only seen corrective movements since yesterday's low. Following a five-wave decline from Monday's high and a subsequent three-wave rise to yesterday's high—which then saw a reversal—the yellow scenario that forecasts further declines seems to become more likely. However, the white scenario, which depends on a breakout upwards, still remains a possibility. And also given Bitcoin´s potential strength it is worth to take the direct upside scenario seriously. As long as the price does not exceed yesterday's high, the yellow wave scenario suggests a significant potential drop, possibly reaching $2,975 as per wave (c). Nevertheless, with the current wave structure remaining ambiguous, I remain cautious about fully committing to any scenario on the micro level.
ETH: Since yesterday, the price has essentially moved sideways, indicating a lack of momentum in either direction. To decisively favor one scenario over another, we require more definitive price action, but so far, we've only seen corrective movements since yesterday's low. Following a five-wave decline from Monday's high and a subsequent three-wave rise to yesterday's high—which then saw a reversal—the yellow scenario that forecasts further declines seems to become more likely. However, the white scenario, which depends on a breakout upwards, still remains a possibility. And also given Bitcoin´s potential strength it is worth to take the direct upside scenario seriously. As long as the price does not exceed yesterday's high, the yellow wave scenario suggests a significant potential drop, possibly reaching $2,975 as per wave (c). Nevertheless, with the current wave structure remaining ambiguous, I remain cautious about fully committing to any scenario on the micro level.
Crypto Banter Signals
BTC: Building on the last update, there have been only three upward waves from the last low at $69,570. This movement offers so far no further confirmation that a significant low might have been established. If the price can sustain above yesterday's high and beyond Monday's high of $72,720, the yellow bullish scenario, which could drive the price towards $81,000 or higher, seems increasingly likely. Conversely, a failure to break yesterday's high indicates the potential for a notable decline under the white scenario, which would need a drop below $64,520 to gain traction. Nonetheless, as long as prices stay above micro support, the yellow scenario is a reasonable scenario. I already mentioned yesterday that it looks more as if the yellow scenario is taking the lead, but without any breakout confirmation we have no additional data to work with.
BTC: Building on the last update, there have been only three upward waves from the last low at $69,570. This movement offers so far no further confirmation that a significant low might have been established. If the price can sustain above yesterday's high and beyond Monday's high of $72,720, the yellow bullish scenario, which could drive the price towards $81,000 or higher, seems increasingly likely. Conversely, a failure to break yesterday's high indicates the potential for a notable decline under the white scenario, which would need a drop below $64,520 to gain traction. Nonetheless, as long as prices stay above micro support, the yellow scenario is a reasonable scenario. I already mentioned yesterday that it looks more as if the yellow scenario is taking the lead, but without any breakout confirmation we have no additional data to work with.
Crypto Banter Signals
OP: The support area remains unchanged, and the price seems to be following a descending wedge pattern. The price might form one more high to complete an ABC structure as long as the $1.90 support holds. However, there is a possibility that a larger price top has already been established as suggested by the yellow scenario. Given these circumstances, it might be prudent to wait for a 1-2 setup to the upside to identify the next entry point. This is particularly advisable because a top may have already been established in an ABC structure, and the subsequent movements following a C-wave top are always uncertain. Observing a 1-2 setup will help provide clarity if it appears.
OP: The support area remains unchanged, and the price seems to be following a descending wedge pattern. The price might form one more high to complete an ABC structure as long as the $1.90 support holds. However, there is a possibility that a larger price top has already been established as suggested by the yellow scenario. Given these circumstances, it might be prudent to wait for a 1-2 setup to the upside to identify the next entry point. This is particularly advisable because a top may have already been established in an ABC structure, and the subsequent movements following a C-wave top are always uncertain. Observing a 1-2 setup will help provide clarity if it appears.
Crypto Banter Signals
OCEAN: Even though the bullish thesis is being challenged, the support range is holding and as long as the $0.47 support level holds, the price should reach $2.94-$3.12 next. However, it is too early to confirm that a low has formed. It minimally takes a break above $0.90 for a first indication that a low has been established.
OCEAN: Even though the bullish thesis is being challenged, the support range is holding and as long as the $0.47 support level holds, the price should reach $2.94-$3.12 next. However, it is too early to confirm that a low has formed. It minimally takes a break above $0.90 for a first indication that a low has been established.
Crypto Banter Signals
IS THE BULL RUN OVER?
Strong recent economic data likely pushes the Fed to begin cutting interest rates in July or September, with possibly only 1 (at most 2) interest rate cuts in 2024. The worst-case scenario would be the first rate cut coming in December, yes, post-presidential Election.
This has changed the risk environment to less risk-on in the past few weeks, and this may continue for another 3-8 weeks.
However, this is almost a welcome surprise as it may help crypto remain in a consolidation range (prices-wise). As a result, it will reset many of the overbought on-chain metrics and trading indicators, which should help prolong the bull cycle that was seeming to become too frothy too quickly. This would also extend the peaking of the on-chain metrics, meaning they would likely produce price tops towards the end of 2024.
From June onwards, a potential tapering of QT and increasing liquidity from Yellen and the TGA would provide an accommodative environment for risk assets. This will also be a month after the Bitcoin halving, which has always been a bullish catalyst for Bitcoin's price.
This would potentially set up a very good second half of 2024 for crypto, with a possible market top coming at the very end of the year or even early 2025.
However, one thing we haven't mentioned that we should also continue paying attention to is the demand for ETFs. It's hard to know what effect the ETFs will have, although we expect they'll continue to bring demand to Bitcoin, which should only aid Bitcoin's price going higher.
Ultimately, we may be in for a choppy next month or so, but we expect crypto to perform very well in the second half of 2024. We continue to hold Spot positions with a focus on the majors and the SOL ecosystem, with a look to sell towards the end of 2024, maybe early 2025.
IS THE BULL RUN OVER?
Strong recent economic data likely pushes the Fed to begin cutting interest rates in July or September, with possibly only 1 (at most 2) interest rate cuts in 2024. The worst-case scenario would be the first rate cut coming in December, yes, post-presidential Election.
This has changed the risk environment to less risk-on in the past few weeks, and this may continue for another 3-8 weeks.
However, this is almost a welcome surprise as it may help crypto remain in a consolidation range (prices-wise). As a result, it will reset many of the overbought on-chain metrics and trading indicators, which should help prolong the bull cycle that was seeming to become too frothy too quickly. This would also extend the peaking of the on-chain metrics, meaning they would likely produce price tops towards the end of 2024.
From June onwards, a potential tapering of QT and increasing liquidity from Yellen and the TGA would provide an accommodative environment for risk assets. This will also be a month after the Bitcoin halving, which has always been a bullish catalyst for Bitcoin's price.
This would potentially set up a very good second half of 2024 for crypto, with a possible market top coming at the very end of the year or even early 2025.
However, one thing we haven't mentioned that we should also continue paying attention to is the demand for ETFs. It's hard to know what effect the ETFs will have, although we expect they'll continue to bring demand to Bitcoin, which should only aid Bitcoin's price going higher.
Ultimately, we may be in for a choppy next month or so, but we expect crypto to perform very well in the second half of 2024. We continue to hold Spot positions with a focus on the majors and the SOL ecosystem, with a look to sell towards the end of 2024, maybe early 2025.
Crypto Banter Signals
SOL: The chart is still undecided. However, if the price surpasses $156.20, then the yellow scenario may take precedence, targeting initial price ranges from $165 to $182 for wave c of (A). Either way, it appears likely that there will be a rally in the coming weeks, either in the yellow scenario or the red B-wave.
SOL: The chart is still undecided. However, if the price surpasses $156.20, then the yellow scenario may take precedence, targeting initial price ranges from $165 to $182 for wave c of (A). Either way, it appears likely that there will be a rally in the coming weeks, either in the yellow scenario or the red B-wave.
Crypto Banter Signals
FET: Slight upside today. There have been only three waves from the recent low, so a break above resistance at $2.50 is needed at a minimum to indicate that a low has formed. A break below $1.93 would confirm the unfolding of wave (C) further. Maybe a low has formed, but if not, then one more low might be all that the chart needs to complete the correction. $1.58 is the next support level. From what I can see the correction should be over soon. I will change my view if the price breaks below $1.28, because this would indicate a break of price structure.
FET: Slight upside today. There have been only three waves from the recent low, so a break above resistance at $2.50 is needed at a minimum to indicate that a low has formed. A break below $1.93 would confirm the unfolding of wave (C) further. Maybe a low has formed, but if not, then one more low might be all that the chart needs to complete the correction. $1.58 is the next support level. From what I can see the correction should be over soon. I will change my view if the price breaks below $1.28, because this would indicate a break of price structure.
Crypto Banter Signals
WIF: The price reacted to the micro support zone and a break above the wave (4) high at $3.16 would indicate that a low has formed in wave (iv) already as per the white scenario. If the low has not formed already, then one more low could be enough to complete this wave (iv) correction.
WIF: The price reacted to the micro support zone and a break above the wave (4) high at $3.16 would indicate that a low has formed in wave (iv) already as per the white scenario. If the low has not formed already, then one more low could be enough to complete this wave (iv) correction.