JASMY Flashing Buy with the Demark 9 on 45 min TF
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.
Comment:
This was an interesting one. 6 days later JASMY produced a high 25% higher
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.