Thoughts on JasmyNot financial advice. Just a guy sharing some thoughts, so dyor.
I've recently started using the following indicator, Bitfinex Open Interest Change Per Bar (by veblen) , here is the key from veblen's original post.
"Key:
Positive green bar = Open interest increase, predominantly longs opening.
Positive red bar = Open interest increase, predominantly shorts opening.
Negative green bar = Open interest decrease, predominantly longs closing.
Negative red bar = Open interest decrease, predominantly shorts closing."
As you can see, the last week we have seen net positions either = to longs being opened, or shorts being closed. I am not here to vouch for Jasmy longterm, but I do think it's due for a pump. I'm planning to take some profits around $0.052, and keep a tight SL on anything after that. It's possible that it will pump higher, just remember to take profits when you have them!
