I was looking to try and determine a good entry point for GAME after selling at the end of what I'm assuming to be wave 1 of a new cycle and came up with this. I measured the fib levels from the last big run up for each wave of the old cycle and did the same for the new cycle to predict where the waves would fall roughly if history repeats itself. It got a bit messy trying to fit every measurement into this chart (still relatively new to all of this and there may be an easy way to put it all without looking sloppy, but I haven't figured it out yet), so I ended up just leaving the final measurements for both. I've marked the buy and sell points on the chart if you want to go off the previous cycle's retracements for reference like I plan to.
I did already buy back in on this coin earlier today, which may have been a bit early now that I got around to playing with some charts on it. I was stuck on a job that ran long today and couldn't mess with the phone in the unit and decided it was good enough for me relative to what I sold it at.
Basically, big picture there is a lot of upside potential relative to the downside still at this point, so if you are like me and have some spare BTC to toss at a coin and hold for a bit, this may be a decent option for you.
For reference, I only put about 5% of my portfolio in this coin for the time being.
If you agree with this idea or have any opinions or input on the chart, feel free to let me know with a thumbs up or comment so I can judge how I'm doing.
Thanks and happy trading!
*Trade at your own risk, I'm not a professional and I'm just sharing my trade*
Again, IGNORE THESE MOST RECENT COMMENTS AND JUST STICK TO THE ORIGINAL IDEA.