As expected we broke out on the 1st. to the top of the symmetrical triangle we've been in. We got a 4th retest on that line of resistance established by the peak on Feb. 12th as well as another confirmation at that midline support that has proved very solid, which is also the 4hr 200 EMA which has been important for ALGO since December.
Looking for a slow push up and a testing of our old lateral support at $1.36 over the next few days.
Nice confirmation. My sentiments exaclty. Well played, sir.
travishanson1979
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Algo certainly likes to take it's time. I keep miscalculating.
spiritedBear89562
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@travishanson1979, You don't even want to know my average cost per coin... There's a reason I started doing TA after Feb. 12th...
travishanson1979
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@spiritedBear89562, haha. I lost quite a bit during the drop off also . I finally got rid of it at a loss.
I have been trying to replenish the amount of coin to it's previous number over the last couple days though.
I got that stop loss on me at all times this time too. My mistake last time was placing, but not confirming, my stop loss, so it never stopped... and I lost, lol.
Here's to hoping we both prosper this time around.
cheers