Chart that got @BlackRock excited about partnership with @coinbase!
No bigger a macro opportunity for BLK than acting to facilitate #Bitcoin adoption.
5% shift in BLK assets is $500b...greater than #BTC value today.
Catalyst for path to 250k+ post btc halving becoming clear.
$BTC Beautiful breakout coinciding with the Fed rate hike. Support at the 5/31 VWAP and resistance on the bottom of the pitchfork. Tight area to sit in.
PART (1/2)
Figured I would continue digging into fundamental utility projects.
I went through the $TRAC whitepaper and community research so you do not have to.π
Here is a brief thread on $TRAC @origin_trail β¬οΈ
$BTC #Bitcoin Monthly has us sitting below 2017 ATH in a wave c. MA's shown as are 2 VWAP's - 1 is ATH the other is Jul 2010. Might dip to 8K w/ some type of black swan event but 12k looks interesting as there's been a lot of resistance there over the years + lines up w 100 SMA
Shorts blown out. Too easy to see this coming. Crypto twitter on same side of a #Bitcoin trade as WendyO looking for 10k.
Delusions of grandeur.
Have a lovely weekend :)