Not 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!
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!
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