BLZ
Preparing for the final move !!It has been a wild ride since we bought for dirt cheap under 300 satoshi level !!
We are now up 400% and RSI is starting to enter overbought levels on the weekly time frame.
It is still too early to take profits ! Marketcap still around 30 million dollars - this project has a lot of room to grow.
With mainnet coming up on August 8th there could be some profit taking at around 1600 satosi level.
My BLZ exposure is becoming too big...
I will take partial profits at around this level (50% of my holdings) and rotate them in my reserve currency (XRP).
The remaining BLZ will not be sold before 2022.
Not financial advice. It's what I will be doing.
YOU ARE LUCKY - you get a second chance !!Bluzelle broke out from the bull flag to the downside and corrected severely going for a strong backtest below 500 satoshi level.
However it is behaving as in the previous flag, where it broke down and made a bullish around-the-apex move.
Therefore you get a chance to get aboard at a great discount !!
Do not waste it !
Bluzelle is bullish as f**** !!
Close up on BLZ: very bullish behaviour !!Very bullish behaviour at the 650 satoshi level !
650 is a volume by price cluster, so price is forming a bull flag right at this level !
Price broke down yesterday but is making a bullish around the apex move today.
It will most probably run through resistance at 650 sats and make another powerful breakout (similar to the one at 380 sats).
We are in Bluzelle since 250 sats !
So we are up 150% in a little more than 1 month.
But still a long way to go since this baby has only 13 million MarketCap and is headed to greatness !!
BLZ/BTC - LONG - POTENTIAL 16%+
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PAIR: BLZ/USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - MEDIUM
ENTRY: 371
TP1: 383
TP2: 410
TP3: 438
TP4: 484
BONUS TP - 600 (35%)
SL: 333
NOTES:
- LARGE UPPER POTENTIAL
- UPTREND
- SUPPORT BREAKUP CANDLE
- BREAKOUT TO PULLBACK ON SUPPORT ZONE
KEY:
BONUS TP - IT COULD CONTINUE TO RISE TO A SIGNIFICANT HIGH ALTHOUGH IT IS EITHER VERY LONG TERM OR A HIGH RISK TARGET. RECOMMENDED TO FOLLOW BY SECURING PROFITS WITH TRAILING STOP LOSS.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
Confirmed bull market for BLUZELLE !!Today we got a massive breakout with a new 52 week high !
On massive volume !!
Volume exceeded the MarketCap of 12.8 million.
If you are on the ride from the beginning (1 month ago) you are now up already 150% !
However we are STILL VERY EARLY in this bull and still down 93% from its ATH (against BTC and against the USD) !!
So, one the RSI cools down a little you could still get aboard at a discount price.
According to some serious research, price target for this coin is around 10 USD (that's a 150 bagger from current prices).
Not financial advice but that's what I do !
BLZ is now my second position with 6% portfolio weight (started with 2.5%) but I will not sell before a long time !
Yes, you heard it right: no profit taking !
BLZBTC H&D Pattern.So, basically that's kind of valid H&D pattern that occurred on 4h chart. That kind of H&D pattern is usually followed up by price decline, and in order to somehow predict approximate support price level, I used Fibonacci levels. According to Fibonacci levels, price can drop to 0.386 level, which is ~= 280 satoshis.
On the other hand, if we look at scenario 1, it can happen if price stays above Fibonacci 0.5 level, and price will continue it's upward movement.
In any case, price should rise gradually, as if one looks at 1D-1W price chart, BLZBTC has broken falling wedge/channel recently with high volume spike and price increase.
I will only invest in it, if price stays above 0.5 level. Good luck with your trades !
excellenceassured.com
LONG - BLZ - Trading OpportunityBINANCE:BLZBTC consolidating above the 4h cloud after a kumo breakout and retest, looking at previous highs as targets.
Entry: 0.00000380
Target 1: 0.00000410
Target 2: 0.00000437
SL: 0.00000366
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BLZ is in a rising wedge. Go long and make profits?BLZ is on a short bullish run, inside this rising wedge i have traced. Many green candles with long bodies steadily pushing the price up, even though there are a few pullbacks here and there, it isnt enough to stop the bull run
If the bull run plays out to the end of this rising wedge, then BLZ should be for a major drop. So lets watch the zigzag pattern and see how it plays out.
Hopefully we can take some profits on this short bull run, by entering at support line bounce, and selling off at resistance line hit or swing highs, while still in the wedge.
Good luck trading.
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