manual attempt at ellipse theory for market geometry - credits to the work of B,F. C
BTC tanking has resulted in ALGO trading in between two ellipses - one acting as support, and the other as resistance. Hopefully it holds here, or we could see a more major correction down to the $1.09 area. Unless BTC has a major rally to lift ALGO back up, it looks as though that major green ellipse will be acting as resistance rather than support.
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...
Today I wanted to do something interesting, I hope you enjoy it, sorry I have been very bored, LOL. After realizing that many people who are seeing my analysis are misinterpreting it, first study about reversal pattern, false break, long and short time analysis, and then, you will be able to earn money and understand 1% of my analysis, ROFL . Without study...
After analyzing Fish-qantum-pattern, 3D-triangule-pattern, Frequency waves, Ellipses, Trend, Currency strength ... etc... I've found this 'qantum-gravity-price-zone', and ... just don't let it go. Let's wait for #Bloodhound'sEffect! And #BePatient! "I just understood the quantum-universe and its extension, and I applied-it to trading (in collaboration with...