AMP Target $0.70 (438% Profit Potential)!! Check out this Analysis!

haejin (88) in bitcoin • 7 years ago (edited)

SUMMARY

AMP belongs to the bullish downward pointing species of symmetrical triangles. I've laid out the Elliott Wave price pathway to a target of $0.70 or 438% Profit Potential!

The AMP/BTC chart below is quite bullish! The larger triangle is an abcde type and appears complete. The red a,b,c three wave retracement also looks complete and an impulse set of waves up are expected as shown towards the 0.000295 BTC.)

Im now getting on my connection flight to San Diego. Will comment later tonight.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

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7 years ago by haejin (88)

$11.08

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godfatherofsalsa (45) · 7 years ago

Great article. Have upvoted you, please upvote me.

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2 votes

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scarlet7 (59) · 7 years ago

Hi @godfatherofsalsa haejin will return shortly and is happy to take any requests. Welcome aboard! I'll upvote you!

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cryptosuf (51) · 7 years ago (edited)

Thanks! please do BTG when you are free
Safe trip

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1 vote

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dlslipa88 (32) · 7 years ago

Thank you. Safe travels @haejin

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minnowpond (62) · 7 years ago

@eileenbeach has voted on behalf of @minnowpond.
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nkd11 (36) · 7 years ago (edited)

Any update on BCH? Quite a movement there. Thank you.

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scarlet7 (59) · 7 years ago

Request passed on!

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nkd11 (36) · 7 years ago

Yea man surprised with lack of BCH analysis around the web. found one. Shit it corrected so fast and went all the way to 1100 on bittrex I think it might be on its way up again. Just wanted hear some opinions

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scarlet7 (59) · 7 years ago (edited)

Yeah, if you watched the evening update BTC video, he addresses the correction that happened this morning with BCH. It's balancing between a possible inverse relationship with BTC, but this is a big point in the crypto markets....if they will actually ever flip remains to be seen. I wouldn't count on BCH skyrocketing again unless the chinese miner undermining BTC rumor is true, but you can't count on rumors. Your best bet if you're worried about either, is to have both or none of either. Other coins may lose value if the do flip positions, but then they will be compared to BCH and regain that value theoretically. I think you can't find much on it because no one is really sure what to make of it. I can tell you this though, haejin has in no way indicated that he thinks BTC is going to zero at this moment. Although the fall is imminent, the latest analysis is an uptrend....and they are both currently correcting respective to their direction last night. It takes some time, watching all day will only make you more nervous about it. Setting timers or alarms for price hits is a good way to ease the mind and take some time away.

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1 vote

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tokyoin (49) · 7 years ago

Looks like the bearish scenario is coming into play. I have charted 5500 as the bottom. Let's see what Haejin says...

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rjh (35) · 7 years ago

Any one buying BTC AT THIS POINT? Or BCH?

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shankscrypto (36) · 7 years ago

Bought btc yesterdy at the dip

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haejin (88) · 7 years ago

Consider laddering in...see the tutorial on this linked at end of blog

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1 vote

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bahadirk (57) · 7 years ago

Hello friend, i think this is perfect post. Thank you for your information.

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minnowpond (62) · 7 years ago

@minnowpond has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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minnowpond (62) · 7 years ago

@cryptohustlin has voted on behalf of @minnowpond.
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sroka87 (62) · 7 years ago

How I hope this is true!

I've been holding a bag of AMP for a while now, and although i'm almost breaking even on it, its by far the worst performing crypto in my portfolio.

I cant quite bring myself to dump it though, as I still think the project has some value, and could spike, if only they can attract users to their platform.