Hello everyone, this is our view on blzbtc, enjoy!
Analysis:
Good period of accumulation, close to the end of a big falling wedge and a small reversed head and shoulders. If it followed current W gartley formation on daily we're just about next leg up. Fibo levels suggest next target on 1.618. First bullish move through ema200. Waiting for ma9 and ma25 to form golden cross in order to breakout current big pattern. Breaking out higher bollinger band which are very stretched. Currently inside the cloud, there's no real possibility to run above by now, but a reversion is happening very soon. Bull divergences on many laggings (chaikin, moneyflow, rsi, stoch, uo). Bull divergence which is on macd and ao too, which are now marking an inversion in momentum. Price far below its average.
Strategy:
Entry: 209 (actual price)-205-193-187
Target: 214-221-227
Sell (HODL): 243-254-268-300+
Stoploss: 9% from entry
High risk for big gains!
Trade safe. Anlvis.
Analysis:
Good period of accumulation, close to the end of a big falling wedge and a small reversed head and shoulders. If it followed current W gartley formation on daily we're just about next leg up. Fibo levels suggest next target on 1.618. First bullish move through ema200. Waiting for ma9 and ma25 to form golden cross in order to breakout current big pattern. Breaking out higher bollinger band which are very stretched. Currently inside the cloud, there's no real possibility to run above by now, but a reversion is happening very soon. Bull divergences on many laggings (chaikin, moneyflow, rsi, stoch, uo). Bull divergence which is on macd and ao too, which are now marking an inversion in momentum. Price far below its average.
Strategy:
Entry: 209 (actual price)-205-193-187
Target: 214-221-227
Sell (HODL): 243-254-268-300+
Stoploss: 9% from entry
High risk for big gains!
Trade safe. Anlvis.