I’m long term HODL on AlGO, so will probably pick ip some more if/when it visits the green dash. If it hits the yellow price points, I’ll probably also pick up some more, but will be watching the price action to see if it makes more sense to wait for a bigger dip. For instance, if it starts headed to the red dashed level down the inside of one of the smaller...
It’s keeping to the green ellipse as hoped, and I discovered the yellow one as well. Once it breaks out of both, let’s see if it takes a breather to the downside or continues straight up.
I poorly drew some squiggles representing how BTC might move based on the current ellipses it appears to be respecting.
If it keeps testing the bottom of that green ellipse, or better yet breaks inside....
Look at it fly. Expecting a retrace to the top of the red ellipse, then up from there. We’ll see... that red ellipse was a pretty reliable price boundary.
Really thought it was leaving this bubble today. Maybe not?
Broke up out if the two local ellipses, but still trapped in the larger overarching one.
Would be good if it breaks into green ellipse, but even if it keeps testing the bottom, things are looking up. If it falls into the red, I may add to my position. ** This is all very experimental at the moment. I feel like the ellipses don’t have as much predictive power about direction, but seem to do a better job than trend lines at defining boundaries. Still...
ENJ price action being dictated largely by the Coinbase listing, and if history is any guide it will plummet post listing. I took a small position at 1.27 yesterday, and took some profits at the tops of the ellipses. Holding some for a potential run up to $4.40, and some I have a 5% trailing sell on.
If it stays in the green ellipse after exiting the home planet, it would be nice to see. If it pierces it on the downside, I’m not sure yet where it drops to.
Potential ellipse intersection points in near future
Still waiting on GRT to make up its mind.
Still trapped at the edge of the yellow bubble. Will move on tomorrow?
Still experimenting with ellipses...
Seems very possible it goes to 54K, then from there... back up?
I’m betting on it breaking up once it breaks free, but will watch closely...