The Demark 9 count on the 45M timeframe has been good to JASMY. If history repeats itself, we should see a potential 15% scalp opportunity.
I bought in @ .0591 to test the 9 count theory out. (At the time of publishing this it's gone down to .057)
Why I bought?
- A 9 just flashed on the 45M TF.
- It is currently oversold on the Cipher B indicator and rounding up.
- The average close for JASMY is currently .065. (I'd much rather buy below the average vs above)
- Based on the wedge it's in, this scalp could get close to .070. Which would be near 15% gains (if it gets there)
- Also JASMY has been producing higher lows since yesterday's drop. Not a clear sign of a reversal, but a promising one.
Why this might be a bad idea:
***JASMY is a newer coin with very little data points to chart.
*** It is also in a down trend since its ATH.
*** BTC is currently in a small down trend which has a tendency to pull down ALT prices.
I bought in @ .0591 to test the 9 count theory out. (At the time of publishing this it's gone down to .057)
Why I bought?
- A 9 just flashed on the 45M TF.
- It is currently oversold on the Cipher B indicator and rounding up.
- The average close for JASMY is currently .065. (I'd much rather buy below the average vs above)
- Based on the wedge it's in, this scalp could get close to .070. Which would be near 15% gains (if it gets there)
- Also JASMY has been producing higher lows since yesterday's drop. Not a clear sign of a reversal, but a promising one.
Why this might be a bad idea:
***JASMY is a newer coin with very little data points to chart.
*** It is also in a down trend since its ATH.
*** BTC is currently in a small down trend which has a tendency to pull down ALT prices.
Nota
I was pretty happy with the outcome from this scalp. I used the Demark 9 Count on the 3M TF to scalp the pump and walked away with 18% profits in 4 hours.It looks the pump is over, but might flash a 9 on the 45M chart in the next 1.5 hours if it keeps the down trend alive. Fingers crossed on it happening again soon.
Nota
This was an interesting one. 6 days later JASMY produced a high 25% higher
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.