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BLZBTC

BLZ/BTC (Pullback After Breakout)BLZ/BTC -Bluzelle is currently pulling back after the breakout strong breakout -In my opinion, it will likely to test the previous resistance area -If we can see Bullish rejection at this zone, and the support will hold -There is a chance we can see a bounce up reaction up to 1800 sat -We can also see the 200MA is catching up as dynamic support -Watch the .618 Fib area, this will give extra buying pressure -Do not rush in, let the trade come to you -Plan your next trade
by PolarHusk
2
Bluzelle (BLZ) New High, Uptrend ConfirmedWe call it 'UPTREND' when the candles close printing higher highs and higher lows... Bluezelle (BLZBTC) is now in a new uptrend. What does this mean? This is a brand new uptrend and prices dropped for years long. Even if you see good/strong bullish action, keep in mind that this is only the beginning and there is still so much more to come. We are very likely to see prices continue rising... Enjoy the profits on the way up. Take a look at my previous chart, May 30... Thanks a lot for your support. Namaste.
Long
by AlanSantana
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.
Long
by Dangermousebanana
1
BLZ/BTC (New Higher High?)BLZ/BTC -Since the Cross Ultimate indicator flashes a Buy priority signal -The price today already increased by over 300% returns -We can also see where the strong reaction at MA support last July 28 -The bounce shoot up over 60% increased that day -BLZ is trying to make a new Higher High -If the daily candle will close strong -It is likely to reach the 1300 range -But I do not recommend chasing this market -Because the risk to reward ratio is no longer in your favor -Wait for a good pullback or look for another coin instead -Trade wisely and do not FOMO
by PolarHusk
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 !!
Long
by Dangermousebanana
1
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 !
Long
by Dangermousebanana
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
by bejaneps