AMPBTC
AMPBTC : LONG : WEEKLY $UPPORT #ITSTHATTIMEAGAIN #IDOE$THISGreetings. I'm back. Yes, i'm going full time cryptos because there are substantially more commas in this space.. and you know I don't post unless it's something special <3. There's nothing too spectacular about the fundamentals of AMG coin, I just know what i'm doing ;)
-Monthly Support
-Bullish Flag on 4hr
-Thank me later
AMP Trade OpportunityAMP Technical looking good, we have set trend reversal alert for 3k satoshi which is support turned resistance, which will serve as our entry point.
We have a little opportunity in a channel trade here, movement to top of channel is around 700% gains.
Market cap is $20M and is in social media sector with less than 5 competitors, 2 biggest being IFT (investment niche) and steemit.
This one focuses more on preserving good content on web with incentive to do so.
The product is Wildspark and has some upcoming news:
The February 13th Update – WildSpark Goes Mainstream
The major update, due to be released on February 13, 2018, will shift WildSpark from an extension into a full web-app. It will provide an extensive enhancement to WildSpark’s core capabilities, with a multitude of new and powerful features:
Threaded commenting system for each piece of content, with in-browser notifications facilitating an ongoing discussion.
Support for content from various platforms in addition to YouTube, including text, music, images, and GIFs.
Amplifying content, with the recipients getting AMPs, using any type of currency – crypto and fiat.
Creating personal profiles, building a unique WildSpark identity.
Earning rewards for referring people to sign up and use WildSpark.
Back to the technical analysis,
MACD blue line looking to cross orange from downside to upside, stoch RSI supports upward movement, possible 3 dives pattern (not entirely sure if valid so take with caution).
Risk reward looks very favorable in this pair.
We are not entering yet but this is definitely a project we will add to core holdings for 2018 and beyond with product release in Q1.
Linked a related idea to a much better overall analysis done by Papou that only has 442 and is certainly overlooked.
AMPBTC - Edge to Edge - Breakout TradeAMP is approaching edge to edge trading zone on the daily MA cloud. If we get a close above the MAMA average, I expect price to swing to the FAMA edge with good momentum.
The creation of the white doji is a good indication price is about begin trending in a direction, and the 4H momentum candle that opened after is a good indication price will continue moving to the upside.
Daily StochRSI positioned well, I am expecting a gain of ~50% on this trade.
AMPBTCAMPBTC is looking good too now and it seems that quite a few altcoins are making their way through their corrective wave cycles and are reaching out to gain ground above the 100 MA. In this case looking at the 4 hour chart and it looks bullish to me. Next would be to watch the 1 hr chart and see if a similar set up occurs. If so I would expect a new rally to take place