I always tell people AMP is a slow mover and a great coin to learn how to scalp on. And the more I think about it, the more "slow mover" resonates with me. Also, the more I hear people complain about AMP, the more I realize she's not kind to most buyers.
With that said, I continued to play with My AMP chart and realized while I think her break out is eminent, she might move slow and might not be kind to those that FOMO into her.
I've come to 3 conclusions. She pumps around 10/27, 11/17, or 12/3. Making now a great time to buy AMP if you're ok holding for a bit. AMP is cheap right now.
***Please look at my short term outlook for cheaper entry points.
***At the time of writing this AMP is currently hitting my conservative .0490 scalp call on my short term idea.
Ok... Why do I think 10/27, 11/17, or 12/3? AMP is still in 3 wedges. And those dates are near the end of each wedge.
How will I know when to buy back in?
I noticed that the Demark Indicator flashes a 9 on the 1 Day TF right before going parabolic. I am attaching the chart for your review. BUT I also notice AMP only pumps when it is clearly overbought and rounding up on the Cipher B indicator.
*** If you use this strategy DO NOT buy the 9's if it's not overbought. There is still more room to go down!!!
**** If you did buy, that's ok. Just have diamond hands, because she's going to pump.
*** Pretty art work included in chart about the 9 count on the 1 day TF.
*** I use the "TDS Lite 9" and Vumanchu Cipher B indicators to scalp.
*** I also scalp AMP on the 30M and 8M TFs using the Tom Demark Indicator and cipher B to accumulate. I found those are the most accurate Lower TFs for the 9 count on AMP.
Side note: Make sure you sell AMP at the end of the Pump. You'll have more market capital to buy back in cheaper.
With that said, I continued to play with My AMP chart and realized while I think her break out is eminent, she might move slow and might not be kind to those that FOMO into her.
I've come to 3 conclusions. She pumps around 10/27, 11/17, or 12/3. Making now a great time to buy AMP if you're ok holding for a bit. AMP is cheap right now.
***Please look at my short term outlook for cheaper entry points.
***At the time of writing this AMP is currently hitting my conservative .0490 scalp call on my short term idea.
Ok... Why do I think 10/27, 11/17, or 12/3? AMP is still in 3 wedges. And those dates are near the end of each wedge.
How will I know when to buy back in?
I noticed that the Demark Indicator flashes a 9 on the 1 Day TF right before going parabolic. I am attaching the chart for your review. BUT I also notice AMP only pumps when it is clearly overbought and rounding up on the Cipher B indicator.
*** If you use this strategy DO NOT buy the 9's if it's not overbought. There is still more room to go down!!!
**** If you did buy, that's ok. Just have diamond hands, because she's going to pump.
*** Pretty art work included in chart about the 9 count on the 1 day TF.
*** I use the "TDS Lite 9" and Vumanchu Cipher B indicators to scalp.
*** I also scalp AMP on the 30M and 8M TFs using the Tom Demark Indicator and cipher B to accumulate. I found those are the most accurate Lower TFs for the 9 count on AMP.
Side note: Make sure you sell AMP at the end of the Pump. You'll have more market capital to buy back in cheaper.