AMP
AMP M formationsM formation
Neutral formation in a bearish trend
Seems to be forming an inverse H&S similar to one previously seen
High risk high reward
I believe this will play out bearishly however. Continuation of the bigger M formation (in orange)
Quite hard to decipher the nature of this chart,
HyperSpace (AMP) - Rounding Bottom + 63-day high @coinselorA lot of micro caps are breaking out with new significant daily highs. AMP formed a clear rounding bottom on the weekly. It is currently retracing from a new 63-day high. At this time, there isn't a good trade opportunity given risk-reward considerations. Volatility is way too high. Waiting for an intraday consolidation near S/R red line to reassess a setup.
BITTREX:AMPBTC
Market Cap:
$529,576 USD
64 BTC
Amplitude IndicatorAll in green
Amplitude is the measurement of the difference between the variable's extreme values.
This indicator is based on the Balance of Power (close-open)/(high-low).
Instead of taking the value of a single candlestick , exponential moving averages are used in the formula.
On it's lowest settings (1,2) it's exactly the same as the Balance of power , by adjusting the smoothing you can seen the highs and lows in momentum of the chosen period. (highly adjustable RSI )
By adding a simple moving average (Signal Line) it turns into a cross-over type, like MACD with a histogram.
This indicator is doesn't have a default or 'best' setting, instead I use the Fibonacci numbers as input. (1,2,3,5,8,13,21,34,55,89,144).
Depending on its settings this indicator is well suited for binary options, trend and reversal trading.
AMP approaching resistance, potential drop! AMP is approaching our first resistance at 135.59 (horizontal pullback resistance, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 120.34 (38.2% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance.
AMP approaching resistance, potential drop! AMP is approaching our first resistance at 133.04 (horizontal overlap resistance, 161.8% fiboancci extension, 38.2%, 61.8% fibonacci retracement) where a strong drop might occur below this level to our major support at 118.39 (38.2% fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
$AMP, Had To Let Them Know…
Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend with support found 500 satoshis. Last week’s candle left us with an indecisive doji. Last time price was this low was back in November 2015 when AMP was first added to Bittex where we ran from 500 to 24000. Not expecting the exact same run, however I am expecting a push towards 15000, will watch smaller timeframe for entry.
Daily
Shifting over to our pattern timeframe we see price is stuck in consolidation between 620 and 670. Today’s open was 647 with a low of 625, and a high of 711 satoshis. Stochastic RSI showing momentum is in favor of bulls, a daily close above 670 activates our trade. A rejection from 670 and expect a sell off towards 500.
NQ LevelsNew market, old levels. I am finally dipping my toes in the traditional markets after I got a future account setup with AMP Futures .
Very Curious to see how the trusted TA from crypto will perform here.
The big distribution wedge I am talking about:
Big Trend obviously extremly bullish , would like to get a long entry at my yellow levels below.
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Keep the leverage low and dont get rekt.
$AMP, What’s Our #Synero …
Weekly
Looking at our trend timeframe we see price has reached our last major support level, before a panic sell off to 500. Stochastic RSI showing momentum is heading towards the downside.
Daily
Shifting over to our pattern timeframe we see AMP bouncing off our 1400 support zone, stochastic rsi showing momentum is heading towards the upside. A daily close above 1500 activates our trade.
AMP Breakout Imminent Welcome back Apostles!
Expect more charts as i'm seeing more set ups with this coming BTC bounce.
Today, I was able to regain access to Bittrex(Thank God) and I was able to find a few really solid set ups.
The first one I chose was AMP because of the massive volume spikes from accumulating wales.
It has a similar market structure to XPM which recently pumped for 300-400% gains so I figured a chart was the only logical thing to do!
Taking a look at the daily chart we can see a small market cycle playing out(Mini compared to all time data) and It is nearing completion.
A breakout of the falling wedge would indicate a new market cycle will be underway. This would provide momentum for a bull run to follow shortly afterwards.
Anytime you see frequent volume spikes it indicates that big players have started taking positions. It is these volume spikes that start the hype cycle for the bull rally.
Always take your positions with the smart money so you don't get stuck in FOMO!
Now, let's get ready for these profits shall we? ;)
God Bless, JolleyCrypto
AMPBTCHere is my new idea about $AMP.
I was totally wrong on my last idea with it so I decided not to talk about it a little. So here I am, filling my bags with it by looking at WMA and MA cause it looks delicious. I'm just buying it and gonna hold it for a couple of weeks. If it hits 4k I'll be selling %25 of it and by the time it reaches between 6-9k I'll be just done and dusted.
LETS GO.
(If you want to look at the bigger picture)
(or look smaller)