Bluzelle has been on a slow accumulation campaign, being methodically absorbed since the 18th of June by informed interests. Notice demand surging each time the PA touches an important juncture: TRS (range support), TRM (range midpoint), and now at TRR (range resistance). It's also emitting demand tests amidst a sea of low-level supply. All this while it steadily climbs microtrend support en route to an inevitable collision with the 1.0% Fibonacci resistance confluence. Will it go up or down? All signs point north for now, but all this depends on BTC continued upward trajectory this weekend. Just in case I'd set a limit sell order between the .272 and .618 target zones (netting 9-19% potential gains). Smash and grab and GTFO.
*Like making money on swings? Be sure to subscribe for more dynamic & easy-to-follow Wyckoff volume spread charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Swing trading is essentially a numbers game, and the winners more than compensate for the losers. Check out my past charts and see this for yourself, then follow me and see that I'm all about making money with solid risk-to-reward evaluations; it's the sole reason I'm here, and I want you to make money too! (Because it makes me look good!)
**Not financial advice. Always DYOR and trade at your own risk.
*Like making money on swings? Be sure to subscribe for more dynamic & easy-to-follow Wyckoff volume spread charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Swing trading is essentially a numbers game, and the winners more than compensate for the losers. Check out my past charts and see this for yourself, then follow me and see that I'm all about making money with solid risk-to-reward evaluations; it's the sole reason I'm here, and I want you to make money too! (Because it makes me look good!)
**Not financial advice. Always DYOR and trade at your own risk.
Trade closed: target reached:
Bluzelle hit the 1.618% Fib target, cashing us out at 19.36%. Not a bad swing for a countertrend.
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