BLK: aiming for the upper range?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.
UU2 trade ideas
Asecending or decending wedge BLK 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!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 headed to jail – and for a long time – the news has revived the FTT price and hope for FTX investors.
The crypto markets have been up this week, and many analysts have confirmed the beginning of a bull run. In this week’s spotlight, BlackRock, the financial giant that seems to have an insatiable trading appetite, has once again emerged as a key player in the crypto space.
From groundbreaking investments to strategic moves, BlackRock’s influence on the crypto market continues to shape the narrative and captivate the attention of investors worldwide.
BLACKROCK at crucial channel supportThe 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 wave.
One should now only watch for right kinds of volumes to kick in and positive daily/weekly close.
It would not be a bad candidate to consider for the "Santa rally".
note*- this post is for educational purpose only.
Blackrock (NYSE: BLK) Spurring The ETF AdoptionIt’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 – in a way that plays to their conventional strengths.
Some of the world's largest market-making firms are in the mix to potentially provide liquidity for BlackRock's eagerly awaited bitcoin ETF if regulators approve the product, according to a person with knowledge of the matter.
Trading giants Jane Street, Virtu Financial, Jump Trading and Hudson River Trading have held talks with BlackRock about a market-making role, according to a BlackRock slide deck reviewed by the person familiar with the matter.
Assuming the U.S. Securities and Exchange Commission approves some or all of the dozen or so applications for bitcoin ETFs (including the one from BlackRock, the world's largest asset manager), that would open a new pathway for U.S.-based firms to get a piece of the action in crypto – in a way that plays to their conventional strengths. Being a market-maker for ETFs, which trade on exchanges just like stocks, requires a level of sophistication and automation that only a relatively few companies can achieve.
Market makers are vital to ETFs. They are responsible for creating and redeeming new shares of an ETF, a role designed to keep its price tethered to the price implied by the value of the ETF's holdings.
One of the best examples of why such a create-and-redeem structure is important actually comes from crypto. Grayscale Investments offers a product called the Grayscale Bitcoin Trust (GBTC) whose price has over the past few years wandered dramatically far away from the billions of dollars worth of bitcoin (BTC) that it owns.
Price Momentum
BLK is trading near the bottom of its 52-week range and below its 200-day simple moving average.
BlackRock, Potential Bearish BAMM Targeting $161.70BlackRock 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
Next 6 months are important for BlackRock investors
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 income-seeking investors.
However, the stock's recent decline in YTD return and its position below the 200-day moving average might raise concerns for some investors. The high beta indicates that the stock is more volatile than the market, which could lead to larger price swings.
Conclusion:
While BlackRock has shown strong financial performance and has a solid position in the asset management industry, potential investors should be cautious due to the stock's recent volatility and its position relative to its moving averages.
Black rocks Bitcoin ETF SagaFact: 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 holdings.
Conversely, a Bitcoin ETF (Exchange-Traded Fund) is a fund that tracks the price of Bitcoin and is traded on stock exchanges, just like a stock. ETF investors buy shares of the fund, which in turn owns Bitcoin. Bitcoin ETFs are more optimal because they directly own Bitcoin, and offer investors more liquidity and flexibility than Bitcoin Trusts.
Grayscale runs the world’s largest Bitcoin Trust. However, Grayscale has been working to clear the “red tape” of switching from a Bitcoin Trust to an ETF for the past two years. Because the SEC did not act before the Friday deadline, the SEC will not appeal an August court loss over Grayscale’s ETF conversion application. In a statement to CoinDesk, a Grayscale spokeswoman said: “The Grayscale team remains operationally ready to convert GBTC to an ETF upon the SEC’s approval, and we look forward to sharing more information as soon as practicable.”
Fiction: The SEC Approved Blackrock’s (BLK) Bitcoin ETF
Early Monday morning, CoinTelegraph, one of crypto’s most followed news sites, tweeted news that the US Securities and Exchange Commission had approved Blackrock’s Ishares spot Bitcoin ETF. As a result, Bitcoin spiked to two-month highs and neared the psychologically important $30,000 level before reversing. However, there was one major problem – the tweet was a hoax. A few hours after sending Bitcoin soaring, CoinTelegraph retracted its tweet and said it was investigating why false news was spread. Meanwhile, Blackrock, the world’s largest asset manager, confirmed that the headline was false and said the Bitcoin application is still under review by the SEC.
BLK BlackRock Options Ahead of EarningsIf 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 the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BLK to Fall before RisingBLK 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 beginning 2025.
Earnings Journal 💵💵💵📶 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 & positive surprise for Revenues.
EPS & Revenue 2-Year Trend: the company trend in EPS is negative, the company trend in Revenues is negative.
📝 S Y N O P S I S
"I expect the market will buy the surprise if the earnings report hits the Wall Street consensus, or sell the surprise if the earnings report misses the Wall Street consensus."
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
BLACKROCK, Decisive Formation Looking For Further Confirmation!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 decent but weak up-moves and now trading above the prior established all-time-high-condition where it is building some decisive price-action important for further conclusions, in this case, I detected some important signals which can determine further outcomes of this stock.
Looking at my chart you can watch there that the stock is forming a huge rising-wedge-formation with the upper and lower boundary marked in blue which it touched already several times to form a coherent wave count with the final wave E already established and now showing more declines in the short-term firstly which can spring up into the middle and then longer timeframe perspectives. What is also matching here is the declining momentum you can watch marked in red normally indicating a reversal into the other direction, overall the stock is showing up some solid signals to come up with increased bearish selling pressure the next time.
When the stock moves on to confirm below the lower boundary which is a likely scenario, there is some local support in this area in which the stock can bounce to confirm the lower boundary rightly as it is seen in my chart marked with the confirmational. When the stock confirms the lower boundary and moves on downward below the 60-EMA in black it will continue till there is support found which can reverse the perspective and stabilize the situation which is the 200-EMA support marked in green where the stock can bounce to form a reversal. The wedge can be traded either aggressively with immediate entry or conservative with entry after confirmation.
In this manner, thank you for watching the analysis, support for more market insight and all the best my friends.
Information provided is only educational and should not be used to take action in the market.
Blackrock: Smooth as silk 🪡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, which we consider 35% likely, our alternative scenario will be activated.
silver and blackrock!!! AMAZINGLY BULLISH !!!
Who would of thought #BLACKROCK and #SILVER could be best friends (top pane)?
FIREWORKS for PRECIOUS METALS if silver closes above that thick black line (bottom pane).
2009
BlackRock hard dip into the cloud
(then silver rockets)
2022
BlackRock hard dip into the cloud
(then silver rockets)
2020
BlackRock hard dip into the cloud
(then silver rockets)
BLK BlackRock Options Ahead of EarningsIf you haven`t sold BLK here:
and bought it here:
Then analyzing the options chain of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 730usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BlackRock to breakdown?BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Short term momentum is bearish.
Our profit targets will be 552.31 and 542.31
Resistance: 647 / 670 / 700
Support: 620 / 600 / 580
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