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!
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!
