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Bluzelle / Bitcoin

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BLZBTC trade ideas

Bluzelle Might Double Your BitcoinsBluzelle found the bottom at 3300 satoshis and started the uptrend while continued to move within the ascending channel. But recently price broke above the channel and on the corrective wave down rejected the upper trendline of the channel as well as the 50 Moving Average, suggesting the continuation of the uptrend. The very strong resistance is seen at 14400 satoshis, which is confirmed by two Fibonacci retracement levels, 727.2% and 1127.2%. If/when this target is reached, the value of Bluzelle should double against the Bitcoin, since currently it is trading at 7250 satoshis. On the downside, the correction down is possible and price could get back to the 5k satoshis support. Also BLZ/BTC could consolidate for a some time before moving higher. All-in-all it seems that there is an established uptrend with a high probability of a growth continuation.
Long
by CryptoPAMM
1
Bluzelle (BLZ/BTC) Dual Breakout Pattern | New HighsAfter raising over $19.5 million dollars in their ICO in the span of 48 hours, Bluzelle (BLZ) is a rising blockchain start-up, with the mission of providing a service allowing users to rent out their extra storage space on their computer to other users. After its ICO, Bluzelle (BLZ) has quickly escalated to a market cap of over $100 million and beginning to attract mainstream media. This is not to say that Bluzelle does not face any challenges internally in the area of project development due to the lack of blockchain developers. Regardless, in terms of technical analysis, Bluzelle (BLZ) is setting up for a breakout towards new highs in the shorter time frame, and to an all time high in the longer time frames. Shorter Time Frame: Orange Trend Line Longer Time Frame: Red Trend Line Analysis from the shorter time frame illustrates that Bluzelle (BLZ) is currently consolidating in an ascending triangle (indicated in orange) with a horizontal resistance line at 7500. Interestingly, on the longer time frame, Bluzelle (BLZ) is simultaneously consolidating in a bullish pennant (indicated in red), with a downward sloping resistance line (indicated in red). A breakout of the resistance line (7500) along with a bullish confirmation at 7850 (green) will allow Bluzelle (BLZ) to propel upwards to new relative highs at 9500. Failure to breakout will lead to a drop back to the supporting trend line at 6500. Shorter Term Target: 7850 Longer Term Target: 9500 (35% Profit)
Long
by DeejaiRiangkrul
BLZ may ready to breakout herewe've all had those trades we've where we wanted to see something in the chart, and our favorite indicator said go for it, so we went long (or short, as may be), but our favorite indicator betrayed us and the trade goes badly. Why is that? In my experience, the best trades are based on a confluence of indicators, i.e. a number of indicators and oscillators are pointing out the direction of the trade. To me, this BLZ/ BTC chart is one of those. Let me explain... 1 - Pattern: A traditional cup and handle, almost text book. I tend not to like or rely on chart patterns (II think a lot of the times its like looking at clouds; people see what they want to), but this one looks like it is from the investopedia "trading chart patterns" series. I'll roll with it. 2- It's respecting a nice horizontal uptrend line, bouncing off an up each time 3- Keeps flipping resistances into supports 4- 1D Stoch is bullish, and has room to move up 5- RSI is pointing up 6- Ichimoku cloud shows no signs of slowing I got in my first buys on this 0.00004413, and have been laddering more in as we move up. As other alts show signs of slowing down, expect more money to flow into BLZ and coins like it that are maintaining positive momentum. Next stop is re-test of the top of the cup at 0.000078 region, I can see it re-testing previous ATH after that if it breaks through. Anything above that and you now move into price discovery territory, but let's not get ahead of ourselves
Long
by el_Chado
1
BLZ on the rise as well - bam bam Arkadaslar, bu yatirim tavsiyesi degil kendi fikirlerimdir, kendi pozisyonlarimi ve -0.83% yakaladiklarimi mumkun oldugu kadar hizli ve -0.83% erken paylasacagim. Lutfen kendi kontrollerinizi yapin. Iyi sanslar. Hey friends, this is not an investment advice, I share my positions and opinions. I am going to continue to share the 'any recent' upcoming and findings ASAP . Check it out make your own controls please. Wish you luck :) That's all for the day. Bugunluk bu kadar.
Long
by Man1di5buk3
BLZBTC - Setting up a 5th wave. Bluzelle! Man I love this coin. Super neat concept they have going on, and when it moves, it likes to move dramatically. It's Wave 3 was an amazing 40% jump over 2 days. Caught most of it to my delight. So it corrected hard during the BTC bloodbath yesterday, bringing it to within 400 sat of the peak of Primary wave 1 (6500 sat). Since then its bounced a bit and is hovering around 7200 sat. I think it's setting up for a wave 5 jump to finish off it's primary impulse waves, and probably within the next 1-3 days? The Primary wave 2 correction period was very drawn out, so I think this one should be shorter. It's already been correcting for about as long as the wave 3 took to complete. Though whether it corrects more or goes into wave 5 will likely be determined if BTC decides to hold strong, or crap it's pants again. Either way, the charts seem pretty clear to me that it's only had 2 primary waves, so we're due for a 3rd before there's a major pull back. I'm predicting 9500 sat, give or take 700 sat. Wave 3 hit just barely above the 1-1 ratio of Wave 1, so Wave 5 by this logic should land just above the 1.618 line (10200 sat) Wave 3 1-1 ratio would put the Wave 5 final target at around 9500. Given that this is a wave 5, I think 9500 seems more likely than 10200. And of course the 0.782 ratio of Wave 3 puts us closer to 9000. So this is the likely range for Wave 5. The Risk to reward is a bit more complicated on this one if you buy in now - 7200 to 9000 is a 1800 sat profit, but the peak of Wave 1 is around 6500, so the count invalidation is kinda wide. That's only a 2.5 risk to reward. The RR ratio for 9500 looks better at 3.28, and 10200 better still at 4.28. If you're going to buy in now, I'd set your stops around 6900 or even 7000, as a break below that shows the corrective phase isn't complete, so you may as well cut your losses and wait to see where it goes. Or you could wait! Up to you. But keep an eye on this one. Officially the count is only invalidated if the price drops below 6500 sat. Good luck!
Long
by RobinG
BLZBTC - ABC wave 4 pattern playing out still.Man did you catch that 3rd wave on BLZ? I'd been watching this one for a while, but missed the bottom by a good 10%. Lucky for me, I caught it on the way up and still managed to pocket a 30% return. I love this coin! Anyways, it seems as though it's in a complicated wave 4 correction going on, having already gone through an ABC, then into an ascending triangle, that is now breaking downwards. Based on fib-ratios, treating the triangle as wave "B" of the overall ABC correction, I'm expecting BLZBTC to further retrace another leg, all the way down to the 0.000067 region. Fib ratios actually suggest it could go as low as 0.000063, but I highly doubt it'll go lower, as the purple line designates the top of Wave 1 territory. Shouldn't retrace past here unless I've made a counting error. Good one to watch over the next couple days (it'll likely take a bit of time before it goes flying). *IF* my wave 4 target is correct, my Wave 5 target is around 0.00009, give or take 5%. Wave 1 and 3 were very similar in length, so it seems likely this one will be of similar pump. Count rendered invalid if price confirms below 0.000067. Entry is somewhere between 0.000067 and 0.000071 Exit should be around 0.000087 to 0.000095. Good Luck!
Short
by RobinG
BLZ - 5 Waves complete, undergoing correctionLooks like BLZ had a really short 5th wave and I miscalled the top of BLZ by about 10%. The long wave 1 and 3, and unclear corrective pattern of wave 4 threw me off and left me thinking it was going to surge more than it did. So Cycle 1 is complete, and the A wave correction from the 3 primary waves up hit the 0.382 correction line before bouncing, so it's an easy assumption that wave C will go as low as 0.5 or 0.628. Given the timeline of of BLZ (1 month) for this cycle to play out, it's reasonable to assume that the correction cycle could take up to 18 days (61.8% relationship). Potential landing spots for the corrective cycle are around 0.00077 to 0.00071 on BLZETH, and 5045 to 4640 sats on BLZBTC. 4200 sats is possible but less likely. Maybe around May 8th? This is just a wild guess to see if I get it right. Please don't hold me accountable for this. ;-) This is a pretty exciting development - as if this is a complete Cycle 1, then we can expect Cycle 3 to push the price to a peak of 10,000 sats! (1.618 ratio to distance travelled over Cycle 1). But please don't buy now. Wait for at least a week. Probably longer. I also switched to using the BTC chart for this coin because the wave structure actually seems clearer than the ETH one.
Short
by RobinG