It's a black week for BlackRock. BLKMore bearish signals for BlackRock. We believe we are to initiate another fall on this one in the very near future. Like most equities right now, this one is dropping also.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Blackrock
#BTC BLACKROCK lies about demand... 🚀Watch what they do. Not what they say...
These guys have been misleading public with misdirection forever... BIG Money players don't want the average Joe buying into the new financial system...
Bad money always drives out good money...
Long term UP ONLY...
Short term - high volatility with shakeouts & fakeouts all the way to the moon, mars infinity & beyond...
BlackRock’s crypto deal helps COIN shares ahead of Q2 results Coinbase's shares breached a nine-week high and peaked at $101.18 in the first week of August following the announcement of its partnership with the world's largest asset manager, BlackRock.
Shares of the cryptocurrency exchange platform operator had been on the rise and reached the nine-week high of $80.81 when the market closed Aug. 3. The following day, it rose further after the partnership was made public and closed the week at $93.05.
Starting a new trading week yesterday, COIN climbed another 5.4% and has now settled at $98.02.
Private equity-crypto fusion
On Aug. 4, Coinbase and BlackRock said they are teaming up to deliver direct cryptocurrency access to institutional clients of Aladdin, the private equity giant's end-to-end investment platform. The collaboration makes use of Coinbase Prime to provide Aladdin clients with crypto trading, custody, prime brokerage and reporting capabilities.
Industry participants believe it could set a precedent for other investors and alter how they look at crypto economy, Blockworks.co reported. They added that it is an indication that institutions are looking beyond the current widespread volatility.
Bullish on Q2 figures
The spike in Coinbase's shares was also attributed to analysts' forecast of better-than-expected results for Coinbase's second quarter performance, Cryptoslate reported. Considering, however, that Wall Street's expectations is a year-over-year decline in earnings.
Since the beginning of 2022, bitcoin has lost more than 50% of its value because of tighter global financial conditions. This dragged Coinbase's shares more than 60% since January, Quartz reported.
The BlackRock collaboration couldn't have come at a better time for Coinbase. However, for short sellers betting against Coinbase, the latest development might have been an unwelcome surprise as it prompted them to close their positions by buying shares, which pushed the prices even higher in what was known as a short-squeeze, The Wall Street Journal reported.
World’s largest asset manager
BlackRock had $8.487 trillion in assets under management as of June 30 and being the world's largest asset manager, any investment move it makes hardly goes unnoticed. Coinbase, with a more traditional client base, could definitely benefit from BlackRock's vote of confidence and the additional exposure to Aladdin's more than 200 institutional users, including insurers, pensions, corporations, banks, and asset managers.
For BlackRock, the partnership is the latest step into its digital-assets ecosystem journey, which seemed unlikely five years ago when its chairman, Larry Fink, called bitcoin an "index of money laundering," Forbes reported. Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, said "this connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole-portfolio view of risk across asset classes."
Furthermore, according to Quartz, the deal is a way for BlackRock to dip into crypto markets with little effort and risk. It noted that working with Coinbase will allow the asset manager to abandon the project if clients lose interest, or regulators crack down on crypto trading, which is something it cannot do if it opted to build its own crypto capability.
Coinbase is slated to announce its second-quarter results after market close on Aug. 9. During its first-quarter results announcement in May, the company wasn't very bullish of its prospects for the April-June quarter with expectations of quarter-over-quarter drops in monthly transacting users, total trading volume and subscription and services revenue. Back then, it also kept its full-year 2022 guidance and reaffirmed commitment to a significant, yet prudent, investment in the future of crypto.
⚡️ #BTCLIVE - 04.08 ⚡️⚡️ #BTCLIVE - 04.08 ⚡️
60:40
Bullish:Bearish
Current Status:
At the bottom of a symmetrical triangle - bouncing twice recently with relatively level volume showing distinct signs of ranging. Longer term Bullish Divergence is now in play. Unfilled CME Gap sitting at 23.7k to 23.9k along with the POC, both bullish. On a more macro level currently sat in the middle of a longer term range that is effectively a bear flag with a high of $25.5k and a low of $21.5k. Expecting to see a break out of this consolidation triangle over the next 24hours - direction unconfirmed.
News:
- Coinbase X BlackRock Partner for institutional investment > Bullish on BTC & ETH
- Coinbase starts Ethereum Staking > Bullish on BTC & ETH
- META introduces Coinbse Wallets to platform > Bullish on BTC
- Options Expiry Friday > Heavy Volatility
- China x Taiwan FUD/Conflict > Bearish on all markets
On-Chain
Growing supply in older age bands - This signifies that both HODLers be HODLing, AND that they are not spending their cold storage coins.
Declining supply in younger age bands - literally the equal and opposite reaction.
Generally speaking - this is what we want and are starting to see for a bear market floor
Bullish Scenario
Breaking and retesting $23.4k will see a short term target of approx. $24k and a bigger term target of $25.5k
Bearish Scenario
A Break down and retest of $22.7k will likely start the descent to $21.5k at the lower range of the longer term - breaking down on that will spell major bloodshed.
BlackRock Inc (BLK) on a key support level zone. BlackRock Inc. is the world’s top asset management firm, with around $9.5 trillion in total assets under management. The company is incredibly broad, serving institutional and retail clients and serving as a leading provider of both active and passive investing vehicles. The company reported Q4 2021 results on January 14th, slightly beating expectations for EPS but missing on revenue. This was the 10th consecutive quarter for which BLK exceeded expected EPS. During the Covid-19 crisis, even the Fed trusted BlackRock Inc. to manage its funds. Currently, the shares are trading at 32.3 below the fair value, with forecast to grow 7.82% per year and pay a reliable dividend of 2.78%. The experts' consensus 12-month price forecasts for BlackRock Inc have a median target of 874.00, with a high estimate of 972.00 and a low estimate of 720.00. The median estimate represents a +24.58% increase from the last price of 701.56.
Looking at the technical picture on a weekly chart, the price stop at the key support level of 50% Fibo correction level taken from the lowest price level reached in March 2020 and almost touched the 200-EMA. Looking at our oscillator indicators, we see that the price is in an oversold zone according to RSI and MACD. It is important to notice that if the price closes around that levels this week, it will form convergence.
If the price starts to grow, it is possible for and test to reach 61.8Fibo level around $740.00 per share, and the bulls may decide to take a break after testing that zone, thereby allowing the rate to correct lower. However, if they are willing to recharge, the investors would expect the forthcoming positive wave to overcome the new high at the $973.00 zone.
To start examining the bearish case, the traders would like to see a breakthrough at the key support level around the $663.00.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFDs) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
$BLK BlackRock Key Levels, Analysis, & Targets$BLK Key Levels, Analysis, & Targets
This one is going to be fun for me… for so many reasons…
Swing setup
1 at 710
1 at 668
2 at 580
4 at 537
8 at 470
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
Looking for 22% if 1,2 and 3 hit. If it gets to 4 - 24%, if it gets to 5 - 28%
Not all targets may hit but these are the ONLY levels I’m looking at…
As each target hits, set your buy order for the next one.
——
---
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
XELA BlackRock increased ownership in this penny stock +472.5%Exela Technologies, XELA, provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide.
On 2/23/2022 BlackRock Inc. reported an increase in XELA shares by +472.5% owning 1.192% of the company now.
B. Riley has a $3.00 price target for it.
I think this stock can easily double short term.
Looking forward to read your opinion about it.
BlackRock losing a few rocks. blKYeah, so we are shorting this bitch.
Goals 706, 681. Invalidation at 1032.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
BlackRock coming to Light. BLKWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BlackRock rocking it. BKCCBullish outlook for gains at 4.10, then 4.16 and 4.25. Invalidation at 3.82.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BlackRock - Momentum Below Trend - DailyYear-End rebalance has been an arduous process.
Many Funds have been paring back to increase Cash Positions.
The slow bleed has been as Bonds catch the usual closing Bids
on rebalancing.
Diversification matters, given the concentration of 711s - it will
be interesting to see where Cash held at Close ends.
Demand for Corporates is muted, while $95 to $100 Billion
lurches from Equities into the Bond ETF Swamp.
Typically a 1 to 1.5% decline from the Highs can be anticipated
and we have seen this.
________________________________________________________
Into yesterday's NYSE Close and Globex relatively small waves of
Selling produced a small move lower into the lower range, making
a lower low for the TF.
The VIX has 20.60 as the Over / Under, well above.
We had an Hourly Trend Change, we will see IF it was another well
arranged trap or there is further Selling on increased Volumes.
10 MA EST has been the Sell for the majority of the Week, with an
8 day run of muted Distribution, Price has ranged for a New ATH for
the ES to the lower Hourly Range Break.
_________________________________________________________
Should be volatile and interesting.
Nikkei broke out yesterdayI cannot get as clean of lines in TV as I did in yahoo for this index.
i.imgur.com
I said yesterday it broke out, as it was just over recent downwards trend. (as you can see in the yahoo chart's screenshot, attached is my statement below)
i.imgur.com
This morning it touched the top of the longer term downwards trend.
29200 was my target, but looking at this TV I see 30130 should be possible.
Further included in Black Rock x Trade Central's bulls of the week was "iShares MSCI Japan ETF (EWJ:NYSE)"
i.imgur.com
So it is likely Japan will go to the new 30k target if not break out to ATH.
$BLK: The Undisputed Heavy WeightAs we look forward into the future we may continue to see Blackrock's influence grow from an asset management company into something far greater. With deep pockets and potentially blue skies for the market along with a rising rate environment, we'll see if $BLK can get it done in the weeks / months / years to come.