BLOK: Blockchain ETF Set up for Ultimate Bearish DeclineThe BLOK ETF in a Type 2 HOP Return of the Local Bearish Crab has rammed into the PCZ of a Bearish 5-0 with RSI Bearish Divergence and now seems to be prepared to go for a lower low which would align with Bearish reversals in MSTR, COIN and other similar stocks such as CLSK and MARA.
Key stats
About Amplify Transformational Data Sharing ETF
Home page
Inception date
Jan 16, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Amplify Investments LLC
Distributor
Foreside Fund Services LLC
BLOK seeks total return by investing in companies developing or using what it calls transformational data sharing technologies, mostly focusing on blockchain technology. Blockchain, which is the technology that drives Bitcoin, is a distributed, peer-to-peer ledger that facilitates recording transactions and tracking assets in a business environment. The fund further classifies eligible companies into two groups: core, with 70% weight, are firms that derive direct revenue from developing or profitably deploying data sharing technologies, and secondary, having the remaining 30% of the portfolio, are those that have partnered with or invested in such firms. The funds active manager may select companies from any country or industry.
Classification
What's in the fund
Exposure type
Finance
Technology Services
Stock breakdown by region
Bearish Crab Visible on the Crypto/Blockchain ETFBLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has s
BLOK @accumulation support also suggest a shortterm low for BTCBLOK is an ETF that includes MSTR, & miners like MARA & RIOT which have also risen recently specially MSTR.
This meaningful bounce at an important support zone suggest a shortterm low & probably a reversal. However, considering the damage, it will take quite a while to repair this chart before any h
BLOK basing after M-pattern: a bullish play on cryptos & minersBLOK after completing a big M-pattern is consolidating inside a DARVAS box. The bottom of this box
brings us back to Dec2020 right before the launch of the big rally to ATH, which offers an attractive buy point with very low risk to reward ratio provided a cutloss is in place.
Bouncing from the bott
BLOK - OSTK -BITW -NVDA Crypto Related Stocks just cleared CloudThese are the next Crypto Related Stocks that just cleared the Green cloud with the cloud moving up. OSTK the cloud is diminishing but I think it has room to go up still. Other than that on all of these I would look for a pull back to atleast half of the last Green candle move over the last 24
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.