I'm updating my target to the upside bc I think we run higher than the $.00546 resistance. Think we end up towards the $.008 range. One of the top two resistances.
As you can see we've been consolidating in a bull flag since early December, we've recently broken out and price has been hovering above it.
Looking for a final move that takes us around 100% higher.
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The whole market still showing weakness. Can still see the target to the upside getting hit, but might be a leg down first.
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I reentered here at $.00366
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Clearly a bit early, but still think the trend is higher. Should bounce from this support.
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Alright, now back above entry... price testing resistance multiple times... I feel like we're close.
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Hopefully it was worth all the patience for everyone. Congrats bulls.
Come on playdapp now amp pretty easy stuff to be nailing mean crypto gonna go up show me why I'm following you pick a stake I'll put money on if it hits 30%then I'll think you're the man .Derek
benjihyam
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@derekmilligan27, Pretty easy stuff to be nailing lol... that's why you don't share any, or come up with your own ideas? I really don't care if you follow me or not. And crypto is only going to go up for 1-3 more weeks, then bear continuation. Good luck.
husmah1
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@benjihyam, I like your ideas, just saw you. Do you really think it will get bearish in 1-3 weeks. Many thinks it will go down in coming days and then with the EFT decision in about 2 weeks everything will get bullish
benjihyam
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@husmah1, yes. This is not the bull run yet. Dunno when the etf decision is or care really, I just look at price action and charts and it tells me Q1 is bearish.
charlienels48
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@benjihyam, It doesn't look bearish if you look at the daily MACD making higher lows and higher highs for over a year, it's got a nice trendline it can bounce up off of soon. If you are just looking at price action then AMP and most Alt coins look like total crap in the macro and we can give them up for dead now. But if you aren't just looking at charts then there are other factors to consider. In my opinion, Bitcoin - and hence the entire crypto space - actually entered the bull market back when the bottom was hit for Bitcoin around 16k a year ago. The entire crypto space goes as Bitcoin goes, so the real question is what is BTC going to do in Q1. That answer may not be dependent on charts or previous price action. But according to the charts, we also do know that historically BTC - and the rest of crypto - follow BTC's halving cycle. We are definitely just entering year 2 of the bull market right now if you consider BTC went up 160% during calendar year 2023. That's a Bull market, not a Bear.
benjihyam
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@charlienels48, MACD and most indicators don't forecast trends. We're not in a bull market bc BTC went up 160%. Funny that the charts also forecasted the bottom before anyone even thought we were in a bear market:
charlienels48
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@benjihyam, Hows that crypto bear market coming? We gonna hit those all time lows soon?
benjihyam
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@charlienels48, Check back with me during the back half of this year. My views on the timing changed hence why all of the charts I've been posting are bullish.
That said, I still have the same idea that we'll reach new lows during 2024. I won't be holding longs past this week or next week.