Looks 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.
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.
Comment:
Clear ABC flat correction has played out. Not clear that it's next impulse wave has started, but a very clear ABC Flat.
Comment:
Bounced off the 0.5 corrective line, and then shot up like 40%. What a deal!
