Woer

AMP/BTC Elliotts waves, Fibonacci lvl and prediction.

BITTREX:AMPBTC   Amp / Bitcoin
AMP done nice 12345 Elliotts Waves with extended 3rd wave. After that came ABC retracement (which is healthy). Now "C" wave of the correction stopped at 0.618 Fib.lvl which would be perfect to start another 12345 count.
As it goes with alts, they're highly sticked to BTC. If BTC will fall even further we can see some lower lvls in smaller alts.
BTC showing both: bullish and bearish formations (Head and Shoulders and Falling Wedge on 1h charts) so we can only wait and see, what's gonna happen.

Always play with stop-loss, dont take things for granted. Everyone can be wrong and so do I. There's nothing like 100% certainty in trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.