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.
Anmerkung
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.
Anmerkung
This was an interesting one. 6 days later JASMY produced a high 25% higher
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.