Some thoughts on #BTCAMP.
As mentioned many times previously, AMP is a super high probability setup. What we have here is a classic "W" shaped chart pattern with a very strong double bottom (the two flat lines).
In many cases a double bottom is a good enough indicator to get long the asset, but in this case it is even stronger with the W formation and has a high probability of retracing back up to the middle of the W.
There is no guarantee this plays out but I'm long a ton, and have been, because I've seen these setups many, many times in the past and with the overall atlcoins market ticking back up, I like the risk/reward here.
As mentioned many times previously, AMP is a super high probability setup. What we have here is a classic "W" shaped chart pattern with a very strong double bottom (the two flat lines).
In many cases a double bottom is a good enough indicator to get long the asset, but in this case it is even stronger with the W formation and has a high probability of retracing back up to the middle of the W.
There is no guarantee this plays out but I'm long a ton, and have been, because I've seen these setups many, many times in the past and with the overall atlcoins market ticking back up, I like the risk/reward here.