This idea based only on replicating late May dramatic moves, to the scale of Mid August.
Looking to the past for indicators. 13% drops marked.
Two possible buy in Zones: 1. Green: calling this area a catchment zone based on some reinforcing TA lines - and hoping for bounce... and then confirmation at Fib 38.2% 2. Yellow: depending on other nontechnical factors, a possible buy at Fib 61.8%
Depending on BTC's movement downward (did the BTC BullTrap just pop??) will watch LTC and buy as/after crossing TA - established green line (decision based not only on TA but also on volume, news and other ranging crypto factors at time). No stops. Best wishes everyone! (analysis purely amateur)
I am in no way qualified for TA, and/but/yet - I cannot quantify this - but there is a sense of tension, a trap (?)
Novice plotting to learn to establish trend lines . Developing (toying) with idea of a hardpoint, an intersection of two trend lines at a prominent juncture. (?)
Learning exercise for self, yet thank you for checking out! Possible BTC reentry points based on Fibonacci key ratios (Golden Ratio and Sq Root of Golden Ratio).
This is ONLY practice for self as I familiarize with platform. Please disregard, thank you!