BlackRock phenomenon----GFI
Most people believe that BlackRock’s application for a BTC ETF brought about the bull market. Although it took up to 6 months from submission to approval, and during this period it was rejected several times by the SEC. But BlackRock relied on its rich experience in ETF applications to finally complete this historic act.
In addition to being a shareholder of mainstream miners, BlackRock has recently focused its attention on ETH ETF and RWA. And a week ago, BlackRock announced the launch of its first tokenized fund issued on the blockchain, BUIDL. The fund will invest in U.S. currency and bond markets. In the past 2023, RWA has always received high attention, but due to strict compliance requirements, it is difficult to expand and develop business, and many protocols have been forced to adjust their business. But whether the addition of BlackRock this time can bring about the BlackRock phenomenon like the BTC ETF, opening up the connection between crypto and real-world assets.
Among the many RWA protocols, Goldfinch already has specific financial products. Through Goldfinch, USDC is converted to fiat by the Borrowers and used off-chain to financial economic activity. During the lending process, lenders are required to provide real-world assets as collateral. And differentiate financial products on this basis.
Back to the indicator level. Although BlackRock proposed BUIDL a week ago, the TSB indicator found the clues even before that. From the daily level, the TSB indicator prompted a BUY signal on February 20. At that time, GFI was in the process of fluctuation, and there was no significant increase in trading volume and price. This is the advantage of AI algorithms, helping you find trading entry points earlier. Judging from the situation of the TSB indicator, GFI maintains a healthy long status at the daily level.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
In addition to being a shareholder of mainstream miners, BlackRock has recently focused its attention on ETH ETF and RWA. And a week ago, BlackRock announced the launch of its first tokenized fund issued on the blockchain, BUIDL. The fund will invest in U.S. currency and bond markets. In the past 2023, RWA has always received high attention, but due to strict compliance requirements, it is difficult to expand and develop business, and many protocols have been forced to adjust their business. But whether the addition of BlackRock this time can bring about the BlackRock phenomenon like the BTC ETF, opening up the connection between crypto and real-world assets.
Among the many RWA protocols, Goldfinch already has specific financial products. Through Goldfinch, USDC is converted to fiat by the Borrowers and used off-chain to financial economic activity. During the lending process, lenders are required to provide real-world assets as collateral. And differentiate financial products on this basis.
Back to the indicator level. Although BlackRock proposed BUIDL a week ago, the TSB indicator found the clues even before that. From the daily level, the TSB indicator prompted a BUY signal on February 20. At that time, GFI was in the process of fluctuation, and there was no significant increase in trading volume and price. This is the advantage of AI algorithms, helping you find trading entry points earlier. Judging from the situation of the TSB indicator, GFI maintains a healthy long status at the daily level.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Disclaimer
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