Long
Classic W Pattern on BTC-AMP
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.
Joe McCann
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Joe McCann
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.