Is $BLOK re-establishing its previous channel?- Hopium Charting.
Btc had a terribly rough day, reaching a nadir over -20% from yesterday's mark. It has rebounded a little but is still currently over -17%
The bubble that formed came to its peak (during the live market) on Friday. The chances of a return to that mark before this coming Friday are slim, but they exist. The hope for those holding $BLOK is that the sheer volume and post-market rebounding brings it back to green pastures for $BLOK investors.
The maroon ellipse highlights a bubble with a shown potential return to the same angle of rising that BLOK had prior to the BTC explosion.
It's somewhat optimistic, but it is far from being far-fetched. The enthusiasm still is surrounding crypto, though no one is sure where its corrected trough lies, exactly anyway.
Best of luck - b/c this feels like sheer luck all of the sudden.
-BDR
The bubble that formed came to its peak (during the live market) on Friday. The chances of a return to that mark before this coming Friday are slim, but they exist. The hope for those holding $BLOK is that the sheer volume and post-market rebounding brings it back to green pastures for $BLOK investors.
The maroon ellipse highlights a bubble with a shown potential return to the same angle of rising that BLOK had prior to the BTC explosion.
It's somewhat optimistic, but it is far from being far-fetched. The enthusiasm still is surrounding crypto, though no one is sure where its corrected trough lies, exactly anyway.
Best of luck - b/c this feels like sheer luck all of the sudden.
-BDR
Comment:
Hopium isn't working. This will be my worst loss ever from a single stock. Great days.
