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Bitcoin 2017 peak compared to AMC Bitcoins price action in 2017 saw price move from 650 to 20,000. This chart is looking at the price action after the December 11th 2017 peak. AMC's recent price action looks similar. Here is the chart showing bitcoins journey in 2016-2017. After the peak, price retraced 87% of its original move. I show this level plotted as a custom fib retracement level. The move from peak to trough lasted almost exactly a year. Price then swung up to the next level that I plotted which is another custom fib level of 31% The same levels applied to AMC appear on the next chart: This scenario would put AMC at around 12 bucks at the end of May 2022. Of course, we know that Bitcoin subsequently went on to gain over 2000% from its 2018 low. So if AMC follows a similar path, it would bottom out at $12. Consolidation would then occur between $12 and $50 for quite some time. Then AMC could possibly skyrocket to somewhere around $250. Food for thought!
COINBASE:BTCUSD
by FatefulFindings
2
AMC Bullish Gartley PatternHere we are looking at Heiken Ashi candlesticks to get a better picture of the overall trend in AMC over the past couple months. The RSI and MACD both at neutral/oversold and look ready to reverse to the upside. Price tested lower bound of Bollinger Bands and bounced HARD back above it. A bullish Harami was created friday July 9th indicating a possible reversal of the short term downtrend. From the run up starting May 24th we can draw a bullish Gartley harmonic. If this harmonic pattern holds to be true the next Bullish PT would be 162% fib extension of the first run up and retracement which indicates a price of roughly 138 in the near to mid term future. Also worth noting, the highest strike call on AMC is currently 145.
NYSE:AMCLong
by ApeishTrades
3
AMC in a tough spot. Is there any hope?AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't think the previous squeeze was primarily a short squeeze. Currently at 18% of FF maybe AMC manages to have another push. 33-36$ is a key support area as 33$ was resistance back in 2015 and has now turned into support. There are some levels also lower that AMC could find support but I don't think such an explosive move would happen again. The CEO has definitely tried to squash the rally by selling as much stock as he could, but even with all of that the company is still 6B USD in debt and only has 2B in cash (so still not in great shape). So for now in my opinion AMC has to hold 42$ for it to continue higher soon. So far it has broken some key support levels and the downturn accelerated which isn't great, but as 40 has held there is still hope. In my opinion if it manages to close above 60$ next time around, I think it will go much higher. Essentially waiting for the breakout trade or to buy below 36 might be the best idea for now.
NYSE:AMC
by BitcoinMacro
5
AMC possible bull pattern?Chart posted 7-6-2021 approx 9:32am ET. The AMC was previously playing out bearish sentiments(3 falling peaks confirmed) , but there has been some conflicts in pattern development that suggest we may get some upside on this to fake it back to upside.. some poss. significant upside. The key here will be to watch the price action. The support line is shown. If it break below that then we are bearish in the short term and the original chart plays out. However right now we do have a bullish pattern forming and if it supports it definitely goes hard to the upside- but price action is key at this stage. Any price below the decision support lines is bearish 48-45 is bearish (see original chart linked below for target ). If we remain above the decision levels or bounce off them- there could be opportunity for some gains- even if the bullish move doesnt play out. These patterns are aggressive. If bullish pattern plays out expect price level so rise to target area. There may also be additional patterns to form between now and the time we can confirm the movement. The key on this are the support decision levels- watching the price action. Also, does price stay out of the diagonal parallel pattern. So far it has. This, bounces off support, and hard moves upside are keys to bullish pattern.. weak moves are signs of the bearish shark playing out. The bounce of the #1 decision line appears to be weak so far, but lets see if we get additional tests.
NYSE:AMCLong
by Moorsc0de
2
AMC Update [7-7-21] - Possible Upcomin Correction / Value Areas.AMC showed weakness at the ATH, so we may be getting a correction here. If so, we just need to see when it is done correcting and establishes a floor. If it stays above $40 AND establishes a floor here, that's a great sign. However, if it falls below $40, we are looking for it to establish a floor at the next two levels. If it breaks below that and goes to the Strong Support... then we may be in for a LONG summer. So watch these areas and we will see. The lowest I can see it dropping is $22 but I highly doubt that will happen. If it does drop there and stays in that range and creates a floor there though... that would be a HIGH value look for entries/add ons.
NYSE:AMC
by TraderFromTheNorth
7
NASA APEGINEER!I major in launch programs to the moon and this is my latest schematic for the AMC Program dubbed: Doritos And Popcorn. The last move from roughly 8.31 to 72.62 was roughly 500% in 2 weeks! Get ready for the next wave. I'm thinking on the safe side half of the last gain but, from an optimistic point of view since it was a bigger move this time I'm really thinking extremely larger like at least 800-1500%! Todays low was 47.77 just imagine 800%+ gains over the next 2wks....
NYSE:AMCLong
by Riskitpaid
8