Tommy MacLane

[Tommy MacLane @tmaclane1]

Virtual mining rigs with real mining rewards! Help me grow the network with a RT and a chance at .2 BTC! Grab a hacker and join the cycle @domodata @hashratehackers

[Tommy MacLane @tmaclane1]

@WOLF_Financial Still valuing gold at $42.22/Troy oz in 2025 is like pricing Apple stock at its 1980 IPO. Do you think the Treasury will ever mark it to market and acknowledge the real value?

[Tommy MacLane @tmaclane1]

Virtual mining rigs with real mining rewards! Help me grow the network with a RT and a chance at .2 BTC! Grab a hacker and join the cycle @Cointelegraph @hashratehackers

[Tommy MacLane @tmaclane1]

@fintel_io your server is down. We’re getting Bad Gateway message. Please fix. Thank you.

[Tommy MacLane @tmaclane1]

@investanswers James, can you run a SWOT analysis or some type of analysis that measures each miners, looking at outlier technical risk ie…each miner possible individual black swan event? Someone’s gonna F up.

https://t.co/zBtdkduwHM

[OSF @osf_rekt]

Are we getting an ETF announcement today?

https://t.co/6XfTVwc6j7

[Blake Davis @BlakeDavis50]

With institutional adoption comes institutional trading strategies, here's how I'm looking at current #Bitcoin price action.

If you've studied any technical analysis, you'd know that this chart screams institutional accumulation. If this is new to you, here's a very basic breakdown of how this is likely playing out:

Several institutions have clearly given the order to their trading desk (algos) to accumulate a defined amount of BTC at a given ceiling price. This has been underway to some extent throughout 2023, but with ETF-related news being a bat-signal for retail buying, current PA is seemingly a last ditch effort from many funds to round out a position between $35,000-35,500.

Step 1. Build a base position as quietly as you can (block trades and low volume open market buying)

Step 2. As bid strength from retail and other institutions pushes price into target sell zone, open market sell a % of your position to trigger external selling (aka a shakeout)

Step 3. Buy cheaper sats from profit takers, short sellers and nervous retail

Step 4. Rinse & Repeat

This process continues until the target position size has been accumulated. You then know, as one of the main sources of sell pressure on the asset, price will likely follow through your resistance level if the tape is strong enough and you have secured your targeted cost basis for the seed.

The goal is to accumulate a large position without pushing price too high.

So which institution(s) are creating this price channel?

One obvious answer would be funds looking for directional exposure to an asset primed for strong performance post-Halving and post-FFR cuts. Next, there are clearly a lot of retail buyers here, categorized by relentless spot bidding.

Finally, with ETF rulings pending, it's likely that all of these filers are looking to seed their fund and begin accumulating the asset prior to the ruling. They know that approval will likely attract too much buy pressure to maintain control over price without dumping a significant portion of a position they NEED to own.

In a Spot-ETF, you begin with an initial position and issue shares relative to the size of your position. So, if you were Blackrock, Ark, Fidelity, etc. and knew there's a very high chance you'll need to be holding 1000's of BTC within the next few quarters, would you wait for a ruling to start buying?

Obviously not. If confident in the approval, you would build your position prior, but you can't just go on Coinbase and open market buy 10,000 BTC. That would cause price to skyrocket, ending the window to secure BTC at your target price. So instead, you're going to have an algo manipulate price to secure a target cost basis, same as what occurs in the equity market.

To me, looking at BTC price action says a few things:

1. Institutions strongly believe that ETF approvals are coming
2. Retail investors are piling into BTC
3. Price will likely explode higher after institutions have accumulated their target position size, or ETFs are approved, whichever comes first

Price is coiling sideways, meaning that bid and ask strength is nearing equilibrium. At this rate, the next leg of #Bitcoin price action will likely begin in November. Which direction do you think it will go?

[Blake Davis @BlakeDavis50]

#Bitcoin is in midst of a metamorphosis, and it's clear as day when you compare it's chart to ones once viewed with the same risk profile.

Just take a look at Bitcoin vs. the Russell 2000 small-cap ETF $IWM.

Chart #1. Dec. 2021 - June 2022
- BTC was institutionally viewed strictly as a risk asset and behaved similarly to small-cap equity price action as institutions positioned around negative risk sentiment and the unwinding of 2020-2021.

Chart #2. August 2023 - Today
- BTC is being institutionally validated as a legitimate and independent asset class/commodity, not just another place to park cash in a 0% interest rate/QE/ fiscal stimulus type environment. Maybe >100% federal debt to GDP isn't sustainable after all?

2024 should be one hell of a year.

[Blockware @BlockwareTeam]

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In celebration of our latest marketplace update, we are giving away an XP!

Here's how you can enter for a chance to win:

- Sign up for the Blockware Marketplace
- Complete the 2 on-boarding steps
- Like & RT this post

Good luck!

[Muneeb @muneeb]

So @BankofAmerica just closed my personal bank account that I’ve used for 15 years. No reason given.

Real reason? I do Coinbase transactions through this account for Bitcoin.

This is a war on Bitcoin & crypto. Please RT to warn others. We won’t stay silent.

[Tommy MacLane @tmaclane1]

@gabrielleydon

[Tommy MacLane @tmaclane1]

@stoolpresidente How about UMICH endowment fund?

[Tommy MacLane @tmaclane1]

@stoolpresidente https://t.co/NOVdvoPekP

[Tommy MacLane @tmaclane1]

@Andrew87229442 @leadlagreport What range of conservative leverage do you suggest ?

[NextPlay Technologies, Inc (NASDAQ: NXTP) @NextPlayTech]

FEATURE | "We are seeing tremendous interest from companies, family offices and high-networth individuals seeking a fundamental shift from legacy banking ... to a more integrated, online, and digital approach"
Read more » https://t.co/19ZEA2Lu6F
#fintech #investing $NXTP

[NextPlay Technologies, Inc (NASDAQ: NXTP) @NextPlayTech]

HIGHLIGHT | "Our HotPlay division is working on partnership deals and preparing for commercial launch of our in-game advertising platform" — Nithinan Boonyawattanapisut, Principal Executive Officer
🔗 Read more » https://t.co/19ZEA334Yd
#fintech #NASDAQ 🇺🇸 $NXTP

[Caktus @Caktus_ai]

Today is a great day!

[Zach Austin @zachaustinpxp]

In his return to RI , not only has @hleonard858⁩ earned the starting kicker job for ⁦@RhodyFootball⁩, but his career off the field has also blossomed thanks to ⁦@Caktus_ai⁩. ⁦@Rhodycigar⁩ ⁦@Cigar_Sports⁩ https://t.co/yyQJhGKuEd

[joshobrien77 @joshobrien77]

Ok so it's not fool proof but I'm playin with the free trial of https://t.co/prN4uadBZj and it's pretty damn cool. It even wrote functional python to connect to my Cisco IOS switch at home.

[Tommy MacLane @tmaclane1]

@AlderLaneeggs @beseckerOnTwitter