$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!
I 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....
Wow, 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 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...
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.
BLOK 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...
First 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....
I have a relatively small position in Blok. Most of the share growth comes from ownership of Microstrategy, a 'prominent' corporate owner of Bitcoin asset. It's safe to assume that as Bitcoin goes so does BLOK.
BLOK is a peanut-butter spread of an ETF with money spread out amongst a group of companies focused on eCommerce. The name would imply 'blockchain' focus but it is not - there is some Amazon and Baidu in there. It has been a solid gainer for some time and has been reasonably resistant to severe fluctuation. But who knows. I keep ETFs like this around to get ideas...
Related to bitcoin, price rejection on MA20 (orange line) next day a strong bullish candle to enter.
RSI above 50 as uptrend still.
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...
Comparing BLOK ETF with its top three holdings (two of which are ~6% Marathon Patent, ~5% Microstrategy and Square at 4% is the big leader.
You can view all of BLOK's holdings @ amplifyetfs.com/blok-holdings.html
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...
$BLOK is at an ATH, and cryptocurrency itself, too, is at an ATH. These are very GREEN TIMES.
This is great for those of us already invested in BLOK. This trader has profit snatched once, only to load back up and add more options (Friday expiry).
What the only problem is, is this: WHERE DO YOU TAKE PROFIT when a chart is exhibiting parabolic action? This cannot...