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.
BLOK trade ideas
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 since gone down over 66%, however in recent months, we've seen the price of the stock begin to recover as it has made a 38.2% Fibonacci retracement from the all-time high to the most recent lows. The original level it bounced from was the 0.886 of a Bullish Shark, however we may now see this shark turn into a Bearish 5-0 as the 0.382 aligns with the PCZ of a more local Bearish Butterfly and this could result in BLOK making a lower low and would overall be a more profitable and slightly indirect way to get bearish options positioning on Coinbase and Microstrategy without buying into the overpriced puts of the underlying assets.
I will leave an link to the previous 2021 bearish setup on BLOK which resulted in the top for reference as well as a link to the bullish setup that has just played its course on COIN in the related ideas section below.
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 hope of getting back to major resistances.
My case for a reversal now: the big M-pattern has likely completed with stops at important FIB levels.
20 is a strong support & breaking below this will see a fast fall to 13.
Prices have been trying to break the GANN FAN resistance 28Mar2022 is bound to
Break soon
Not trading advice
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 bottom will see BO of box to reach the various TPs indicated on the chart.
Not trading advice
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 hours. Then find a place to get in once it closes Green going back up with no pull back. I gave you 4 to watch because some might not do it as cleanly as the others. I would watch on something like an hour or more chart. I am using a 4hr chart here because it stands for a stronger move. I am not a financial advisor so dont blindly follow me into trades do your own DD.
In my last post you will find 5 other crypto related stocks and You will find all of them went up today. Mara up $4.20 big move there on an option call would have paid really nice. HUT 8 up 1.78 another big move. The other two are up .40 IBM i didnt list because its too much but it did go up .70.
Wait for the pull back to halfway and then wait for a green candle to close no wick on top, to pull the trigger.
by iCantw84it
10.15.2021
Buy $BLOK - NRPicks 11 JunIt is an actively managed ETF that seeks to provide a total return by investing at least 80% of its net assets (including investment loans) in the equity securities of companies actively engaged in the development and utilization of transformational data sharing technologies.
Actively investing in the development and utilization of blockchain technologies is a good alternative, this fund includes companies such as PayPal Holdings Inc.(PYPL),a provider of online payment solutions; Voyager Digital Ltd. (VYGR:CNQ), a provider of cryptocurrency brokerage services; and Class A shares of Square Inc.(SQ),a financial services and digital payments company.
Also, $BLOK has generated annual yield of 145%, annual dividend yield of 1.41% and features an average trading volume of 330K shares.
Amplify Transformational Data Sharing ETF (BLOK)An extract from today's Active Trading Plan.
BLOK is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in equity securities of companies actively involved in the development and utilization of blockchain technologies.
- The ETF is looking to reclaim support as it’s above it’s current pivot.
- Off the highs of 62.94 and has been in a multi-month consolidation.
- Look for a print and close above 48.30 to get long for a potentially trade to 55.00 to 56.00
$BLOK #Blockchain ETF. Why u should Buy$BLOK #Blockchain ETF 🚀
3-Day Chart Setup (for Positional trading/longer timeframe investing).
In Accumulation phase b4 the next leg UP.
For long term investors who like exposure to growth in this sector without picking #Winning #Stocks, #BLOK ETF provides the easy option!
BLOK approaching resistance, will need to push throughI use the BLOK ETF to invest in crypto assets such as Microstrategy and blockchain tech. After breaking down as it has in the past (along with Bitcoin) we are again approaching this upward trend line and will need to push through strong or re-test. In the past we pushed through strongly - which is more likely the scenario in the short term.
Not investment advice. This is an asset that I am invested in (but not the majority of my portfolio). Your risk is your own. Trade safely!
$BLOKWow, I can finally invest in Crypto and have someone else watch all the charts daily.
The Amplify Transformational Data Sharing ETF is one of a handful of funds that invests in businesses involved in blockchain, the technology behind cryptocurrencies like Bitcoin.
You trade it like stocks and requires no digital wallet.
I think the boomers might jump on this ~
BLOK confirming, added additional positionBLOK is an Amplify ETF that includes Microstrategy, Galaxy Digital, Silvergate and other crypto-related assets. BLOK does tend to follow Bitcoin price action but in a wider view, potentially has more upside due to the businesses that are poised to take advantage of the broader crypto boom. Obviously with the ETF comes some risk, so I recommend reviewing the ETF details before entering. amplifyetfs.com/blok.html
This is not a solicitation or recommendation to hold this ETF. I am only letting you know about my current investment.
My view on Bitcoin(many tactics used & alternative ETF)In this video, I reviewed what happened to bitcoin since Monday with some highlights below:
1. On daily and weekly, no doubt BTC is still in the uptrend. Key zone and levels remain well
2. What Yellen said and how to use fib and measure move to guess the price move (Fib, ab=cd and daily bullish flag structure)
3. Alternative option for less risky investors or traders.
BLOCKCHAIN ETF... BLOKBLOK is the block chain ETF that holds the big names in the crypto related/ mining companies such as Mara,Riot, Sq and Pypl and if you are struggling to choose one of those companies to add to your long term portfolio why not invest in one that holds them all. It seems with the way our Economic system is going more money will be printed and the dollar will be weaker than ever so invest in crypto and commodities now! If people are strong believers in BTC going to 100K then Blok will go to 100. In this chart the orange is BTC being compared side by side with $BLOK.
Blockchain Tech Long-Term PlayFirst post so bear with me.
Long Strategy on Blockchain technology itself for the passive investor, not crypto, even though crypto aspects are involved within blockchain technology itself. Based on the BLOK & BLCN ETF's that encompass major companies that utilize blockchain technology. Never seen a negative growth (at EOY) since either ETF's origination. Patterns indicate upward potential at a rapid pace and potential long-term gains. Price targets for each ETF within the range of $50-65 by EOM.