Would need some help with analysis here..

As I saw the dip in LTC I was quickly trying to do some tech. analysis (just beginning with it) and get some litecoin. http://ift.tt/2eVjNSu The blue line is where I got in, as I thought it's gonna bounce up from that 1 fib line (if that even 'works' for such a small timeframe) For trend lines and support levels, this is a too short of a time frame, right ? As I couldn't determine them correctly. Also, do you see any candlestick patterns from which you'd be able to more accurately determine the point of entry ?

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