Booked profits purely due to technical reasons.
Market seems a bit over valued and so there is a possibility for a sell-off in the near future. So decided to take some chips off the table. Hence booked profits since the price is close to inflection points that may trigger a sell-off.
Clearly aware of the fact that there is a possibility for a potential up move...
After breaking through the triangle formation, we can expect declines. It will be safe to assume that the price will reach the S/R level marked on the chart, which gives us a 2:1 profit to risk ratio
I price action above 738 supports a bullish trend direction.
Increase long exposure for a break above 738.
The target price is set at 832 (upper range of the inclining channel pattern).
The stop-loss price is set at 719.
Recently crosses above its 200-day and week simple moving averages, confirming a bullish stance.
Blackrock
most poplulary know for its 10 trillion dollar capital, has some excitment coming and itll be not so boring to watch from now up unitl early next year. YTD down 0.44% its bouncing like a lowrider a real gangsta mexican would be driving with the essays. i will be watching this and i am sure that i am not the only one.
WEEKLY CRYPTO HIGHLIGHTS -BLACKROCK STEALS THE LIMELIGHT, AGAIN!!
The recent crypto Spot ETF developments, with BlackRock heading the tide in the industry, have proved that ETF approvals are not a matter of ‘if’ but a matter of ‘when.’
Amid the market recovery, Ripple’s XRP is trailing behind as a result of its ongoing case with the United States SEC.
SBF is...
The second largest worldwide institutional money manager - BlackRock, is seen reaching a crucial structural support level on the charts.
The stock after triggering an impulse up move in the October of last year just spend the most of the entire 2023 in corrective phase after that.
It is however now looking to complete a corrective pattern according to Elliot...
It’s been reported that BlackRock has engaged in preliminary discussions with Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading, with regards to their potential involvement as market makers for a spot Bitcoin ETF.
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action...
Though BlackRock is late to the bitcoin race, it's getting ready to be the goto place for institutional bitcoin adoption. This will open the company to a different crop of investors and we are about ready to see their stock price soar like bitcoin recently.
The recent CRYPTO:BTCUSD rally was due to some speculation on the approval of bitcoin ETF.
What do we...
BlackRock has some Hidden Bearish Divergence across a few notable time frames and is below many of the major Moving Averages after Bearishly Pivoting at a 618 Retrace, if we can continue down from here we will eventually break below the B Point and go for a Full Bearish BAMM break down to the 0.886 Retrace at $161.72
BlackRock has demonstrated strong financial performance with consistent earnings surprises in recent quarters. The company's fundamentals are robust, with impressive profit margins and returns. The stock's recent performance indicates some volatility, but the long-term trend has been positive. The company's dividend yield of 3.13% is also attractive for...
Fact: The US Securities and Exchange Commission Will Not Appeal the Grayscale (GBTC) ETF Ruling
A Bitcoin Trust is a financial vehicle where investors pool their funds to buy and hold Bitcoin. Bitcoin Trusts operate like a traditional investment and are traded on the over-the-counter (OTC) stock exchange. Bitcoin Trusts indirectly own Bitcoin through the trust’s...
If you haven`t sold BLK here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 640usd strike price Puts with
an expiration date of 2023-10-13,
for a premium of approximately $10.80.
If these options prove to be profitable prior to...
BLK has been forming an ascending triangle since August 2022. In Aug 2023, BLK broke the trend line of this triangle and is below 20/50/100/200 EMAs. Overall market is bearish. If the market trend continues till end August, BLK is likely to test support level near 640. The subsequent uptrend of BLK is likely to reach price target of 810 by mid-2024 and 900 by...
📶 S I M P L I S T I C A N A L Y S I S
Current Market Trend: neutral/no defined trend.
Next Wave: buy wave to the deviation.
Next Swing: negative swing to support.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/13 BMO
Surprise-Confidence: on a scale of 0-5, #3.5
Earnings Anticipations: positive surprise for EPS...
Hello Traders Investors And Community, welcome to this analysis about BLK ( BLACKROCK ) 4-hour timeframe perspective, the recent events, the current formation building, what we can expect the next times, what can happen after confirmation and how to handle the situation sufficiently. The stock has recovered from the major corona-lows seen this year with some...
The price of Blackrock is currently experiencing a very stable rise, which is precisely what we expected. A large part of the turquoise wave B should be completed by now. After the high is placed, a descent to the green target zone between $613.07 and $491.98 will follow. However, if the current rally extends too far and breaks above the resistance at $785.65,...
The PEAD projected a neutral outlook for NYSE:BLK after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.50%.
