PFunk420

PFunk420

But could just as easily ride quickly down one of the other ellipses. Waiting to see...

PFunk420

A few more bumps to navigate, then I think it will set sail.

PFunk420

Credit to @awaza who gave me the idea to start using ellipses to analyze trends. It is a highly enjoyable and so far relatively reliable technique.

PFunk420

Where is BTC gonna go when it hits that 56k intersection of the 3 competing elipses?

PFunk420 Updated 

I am completely new to TA, and got into ALGO a bit late in the party, but watching ALGO over the past few days, it has held up to the BTC-induced overall market ups and downs remarkably based upon the ranges I assumed it would trade in on all time frames -- bouncing off of nearly every trend line and support. See my newb chart above.