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AMP2USD trade ideas

AMP token update on daily Facing top bolinger resistance on daily. Decline in to green support will be very good opportunity as it will be first decline after strong run up. As on the left of this chart. Buy in black on green support and rejection from top. Don’t forget that with every decline green band will get weaker and weaker. Thats why first decline especially powerful. First three declines usually working best, then green band loses potential to reject declines. Purple circle was sixth decline- and by that time green band was exhausted. Now new uptrend starts and let’s see how first possible decline will look like. I was accumulating amp previously on every decline in to green band. Also long my term view on weekly see idea attached
GEMINI:AMPUSDLong
by Forexblade
3
Amp token on 1hrAfter get rejected from top bolinger on 1hr , AMP getting close to the bottom side of the bolinger, as it approaches- more spikes on the bottom of the candles and now last 3 hour candles all opened with gapping up. Let’s see for reaction to push prices back to retest top bolinger on 1hr. Also someone deposited 5billion coins on flexa system April 14 around this levels and again someone deposited 3,5billion coins on flexa system two days ago again around this price levels. Let’s see what next.
GEMINI:AMPUSDLong
by Forexblade
5
AMPUSD 14 MAY 2021 (Chart notes/reference)Some reference notes on the chart. Its all about being able to identify when and where the institutions entered or exited. Smart money (SM), Whales, big banks, institutional investors... are synonymous. Depending on your methodology you may here some variation of this. The name isn't important but the volume is! Your volume indicator tells you exactly what they are doing (and not doing). Here you can see quite pronounced spikes in volume and you can also see the resulting price action (effort versus result). For simplicity notice the supply pressure in the areas that I placed a red box. This example shows numerous examples of the resulting price action once all of the weak hands are shaken out. Obviously our goal is to identify the point in which price is ready to mark up (or mark down). Try to allow the market to test these areas before you enter. If you open your chart and see your coin up 10+ percent and everything is green... calm down. Never rush an entry. Even if you miss this one it IS going to reset. Whats cool about BTC is it doesn't matter how high it goes if you are actively trading it (holding/investing is different). You can have partial positions so even if it goes to 100K tomorrow so what if you missed it? Look no further than to the left of your chart and notice how price moves in waves and in cycles. Our job is to target the common areas that we expect price to visit and we can. There is a logic and a general template to chart analysis. How far you want to take it is up to you. But don't give up on it if you aren't having any luck right now. Take a step back. 99.999 percent of the instructional information on youtube is crazy. Ive been there. It was very difficult to find good information and put it together. After i was introduced to the Wyckoff and VSA material (thanks to btc trading challenge) it opened up the door for me in my understanding of whats really going on. The Pete faders stuff really puts all the concepts together coherently and provides some insight into risk management, targeting etc. Check out these resources (all free stuff) Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Read the ticker dot com Wyckoff analytics PsychFX MentFX Dee Nixon Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B)
GEMINI:AMPUSD
by dee718
4