Will BLZ be a textbook wyckoff example?
Updated
Greetings, fellow traders and crypto enthusiasts!
Today, I want to share an exciting opportunity that has emerged in the cryptocurrency market. Brace yourselves for the majestic rise of
BLZUSDT.P - it's time to dive deep into the incredible potential of BLZ!
Admittedly, the crypto space has recently witnessed erratic fluctuations, with countless coins succumbing to Bitcoin's extraordinary influence. But fear not, for BLZ has defied all odds and exhibited an unparalleled degree of predictability since August. It proudly stands as one of the rare gems immune to the whims of Bitcoin.
As we delve into BLZ's journey, a harmonious pattern emerges. We have witnessed captivating climaxes, strategic retracements, and exhilarating upthrusts - each meticulously adhering to the hallowed pages of trading textbooks. Now, it's time for the grand finale: the "spring," where the market throws a breathtaking fakeout, providing the perfect opportunity for us to initiate our short positions.
Behold the remarkable tale of the 4H pattern, which unveils an upward wedge, ominously signaling a bearish outlook. Moreover, keen observers might discern the presence of a tantalizing double top in the sideways motion. However, it is crucial to note that BLZ defies conventional norms, as the journey ahead transcends the typical contours of a mere retest for the right shoulder.
Fuelled by sheer excitement, I have decided to embark on this grand adventure by entering a long position. To stay one step ahead, I will meticulously monitor the trends, ever-ready to seize the moment and gracefully Reverse my position after the sight of the final Spring.
Now, my fellow traders, the stage is set, and the spotlight is on BLZ. I turn to you, seasoned experts and budding enthusiasts alike - what are your thoughts? Will BLZ continue dazzling us by adhering to the sacred laws of trading, or are we on the precipice of the most audacious trap ever set?
Note: Trading involves inherent risks. Please conduct thorough research and exercise caution when making investment decisions.
Today, I want to share an exciting opportunity that has emerged in the cryptocurrency market. Brace yourselves for the majestic rise of
BLZUSDT.P - it's time to dive deep into the incredible potential of BLZ!Admittedly, the crypto space has recently witnessed erratic fluctuations, with countless coins succumbing to Bitcoin's extraordinary influence. But fear not, for BLZ has defied all odds and exhibited an unparalleled degree of predictability since August. It proudly stands as one of the rare gems immune to the whims of Bitcoin.
As we delve into BLZ's journey, a harmonious pattern emerges. We have witnessed captivating climaxes, strategic retracements, and exhilarating upthrusts - each meticulously adhering to the hallowed pages of trading textbooks. Now, it's time for the grand finale: the "spring," where the market throws a breathtaking fakeout, providing the perfect opportunity for us to initiate our short positions.
Behold the remarkable tale of the 4H pattern, which unveils an upward wedge, ominously signaling a bearish outlook. Moreover, keen observers might discern the presence of a tantalizing double top in the sideways motion. However, it is crucial to note that BLZ defies conventional norms, as the journey ahead transcends the typical contours of a mere retest for the right shoulder.
Fuelled by sheer excitement, I have decided to embark on this grand adventure by entering a long position. To stay one step ahead, I will meticulously monitor the trends, ever-ready to seize the moment and gracefully Reverse my position after the sight of the final Spring.
Now, my fellow traders, the stage is set, and the spotlight is on BLZ. I turn to you, seasoned experts and budding enthusiasts alike - what are your thoughts? Will BLZ continue dazzling us by adhering to the sacred laws of trading, or are we on the precipice of the most audacious trap ever set?
Note: Trading involves inherent risks. Please conduct thorough research and exercise caution when making investment decisions.
Note
I bring you exciting updates about our beloved BLZ - the unstoppable force charging ahead, impervious to the market's downtrend. While it may appear that BLZ is retracing back towards its support, I urge you to exercise restraint before taking a short position. History has proven that BLZ possesses the uncanny ability to surge to new heights, shrugging off temporary setbacks.For those eager to enter the short arena, I implore you to exercise self-control and bide your time wisely. The optimal moment to strike will present itself when BLZ, once again, ascends triumphantly to the pinnacle of success.
Alternatively, heed these words of caution: patience is key. Await the splendid opportunity that will arise when BLZ breaches support, only to swiftly reject the notion of retest. Avoid the risky territory amidst, for within those precarious bounds lie uncertainties best avoided.
Trade active
i believe it will reach oversold in a matter of hours, i will close my long position before it breaches resistance because fake-out is never a promise and rejection is fast like a rabbit.
Trade active
BLZ is still not affected by the market bear trend. And there's still no reason to believe it would fall off the trend without finishing gulping that delicious liquidity lies above.
Trade closed: target reached
Greetings, my esteemed fellow traders!
Allow me to share some exhilarating news - our tireless efforts in technical analysis have borne fruit, and I am delighted to announce that our target has been successfully reached!
For those who have traversed this journey alongside me or have observed it closely, I strongly recommend closing your long positions now. Although we have anticipated a fakeout, let us remember that such expectations do not always materialize. Additionally, the upside potential may be limited, urging us to exercise caution.
Our TA projection has triumphed, serving as a testament to the power of astute analysis. However, our journey does not end here. As a visionary trader, I remain vigilant for the next move, attentively seeking a promising short opportunity. This forthcoming opportunity is likely to be substantial, given the current trend of the upward channel, manifesting an inevitable downward trajectory.
If this TA has proven valuable to your trading endeavors, I kindly request a boost in the form of your appreciation. Your continued support is deeply appreciated.
Let us savor this moment of triumph and brace ourselves for the exciting chapters that lie ahead in our trading exploits.
Note
Note
Got the earring, target reached again . (yesterdays new position)
Target Higher, Aim Better.
Try MethodAlgo today:)
Try MethodAlgo today:)
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