xtremerider8

BLOK @accumulation support also suggest a shortterm low for BTC

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AMEX:BLOK   Amplify Transformational Data Sharing ETF
BLOK 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

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