Overall performance of Jasmy against Bitcoin:
There are similar sideways back-and-forth behaviors, but overall, it appears Jasmy will significantly outperform Bitcoin in 2024.
Opportunities:
January:
We’re looking for a significant trade off of the high on a one-year chart scale. There’s a considerable move to the upside and then a full retracement, a decline through multiple support levels. There may be a notable move higher in early January, followed by a move down. If one catches this move to the upside (taking place in a period of sideways rotation on key support) before the retracement on a multi-day scale, get into a short.
Then, close the short at a lowest low, probably in the second or third week of January, after a deep, sharp decline from a multi-day or one-year chart scale. Should this opportunity be missed, there’s another one to exit around the cusp of January/February. It’s not worth relying on as it might be a slightly higher one. The longer you stay in a short, the more likely you are to lose money.
February:
We should look out for a sharp drop around February. This is probably the second time we see the high. However, one should go with whatever the price level is here at the end of February or the cusp of March. There should be a pretty sharp drop from that into lows back into lowest lows, possibly in March or on the cusp of March/April.
March:
We’re looking for the upper end of that range at the March high in the second week of March. You could open a position in both directions around that price level. If we do not see this in March, we might even break higher in April. Nonetheless, we can use this price level as an exit either way because if we break higher, it won’t last long.
April:
It looks like the high in April will be the same as the one from February/March or a higher one on the cusp of April.
May:
For May, there’s a good chance we will break through or push the upper end of the range to a new high very shortly before coming back down. This would be on the cusp of April/May, back into lows for the year around April. It looks like the two highest highs for the first two-quarters of May.
June:
A decline into the June low offers an opportunity to open a long position. The June low is really early on. Hence, there may even be a decline in May. If one enters into a long there, it’ll be roughly the same price level as the previous lows, and one would close that long when revisiting the upper end of the range.
July:
There’s an important price level that we break through momentarily. Sideways rotation takes us into a low around the end of July after a decline through multiple support levels along key support on a multi-day or one-year chart scale. One may open a long position and hold it to a high at the end of August.
August:
You might be scared mid-month. Rather, instead of chasing this decline lower or adding to the long position, close this position amid a big move towards the last week of the month.
September:
The lowest lows appearing in May/June revert to the highest highs again in the cusp of August/September. It looks like we’ll likely see it twice on the cusp of September/October, with very likely a low there. Then, it’s back to the lowest lows.
October:
In early October, a notable move higher on a one-year chart scale occurs. We establish support momentarily near the high, where you could open a short position and close it at a low that’s likely around the cusp of November/December. We may see it more than once in November/December. You could open a long again at the November low.
November:
We will likely see the November low twice, which is the same low seen throughout the year. The low may be at the price level of 4 cents.
December:
Then, there are the lowest lows around November/December, followed by the highest high, which is a big move to the high, probably towards the end of December.
Overview:
The Jasmine coin in 2024 should encounter several back-and-forth price swings throughout the year. A notable decline (preceded by a sideways fluctuating rally) may occur on a multi-year scale around its highest high, falling through multiple support levels. Potential behavior around the lowest lows suggests a U-shaped dip forming near the intersection of two perpendicular diagonal trends.
Jasmine will likely experience a period of sideways movement around a key support level in January, similar to the one it visited towards the end of 2023. Price swings near the low will form after a peak.
Later in January, we have a crest we can sell off on a multi-day scale to a support level. Afterward, we’ll have a U-shaped reversal and reuse that price level as support. This leads to a trough forming off of a crest, perhaps in early February. I’ll be like an almost overbought crest we sell off from an important price level on a yearly chart standing out near the February high.
There will be a sharp drop into the low or a sharp drop off of the high in February. Furthermore, a rally into key resistance toward the later part of February is possible before a decline.
Consecutive lower spikes up on the way into something like a trough may happen in early March. This resembles February’s low when we prominently move higher through key resistance. We stay above it briefly, then break down through it with a full retracement back down to the trough.
In early March, we should have a failed attempt to break through key resistance followed by a decline through key support. The key resistance will lead us to believe we will break through it and go higher. Rather, we turn around and are disappointed at declining through a key support trough. A big move emerges in the second week of March despite seemingly overwhelming headwinds or negative chart behavior. The later part of March should bring bearish price swings probably back into another trough. An important range at the March high will stand out on a one-year chart scale. It’ll appear as though that range binds us. Or, the February and March highs will appear blended together.
The beginning of April should see an overbought crest. We’ll push the upper end of a range higher on a multi-day scale before a notable reversal at the April high. Erratic behavior transpires back and forth through the same price level around the April low, which may play out more than once. The later part of April should be a rally out of a significant low on a one-year chart scale, increasing with momentum into May.
We have a prominent move higher in early May, preceded by a full retracement. The prominent move higher may be blended with the April out of the low. We’ll revisit this low in mid-April. We attempt to establish support near the May high. However, a significant decline on a multi-day scale off of the May high appears. A resistance in the latter part of May will likely form, which we would have seen many times before failing to break. The May low brings three pokes on a single important trend line visible on a multi-day or one-year chart scale. We should have a significant decline off of the third poke. These three pokes are probably through that key resistance we failed to break through many times later in May.
It looks as though the decline into the June low is a continuation of the decline out of May. We’ll have side range rotation in early June at the low, which ends with a fast move higher, taking us to a critical price level acting as support, at least around the June high. It’s a crucial price level on a multi-year scale that acts as resistance in late June.
The June high is likely at the cusp of early July, forming after establishing sideways rotations and support in June. Then, there’s a big move higher visible on a one-year chart, followed by side rotation at a higher price level. The higher price level with this rotation is probably in early July when we have an important level that is broken momentarily. There are price swings near the July high, rallying along a diagonal trend line. This breaks through resistance, meets a second resistance, and pulls back somewhere between these price levels around the July high. There are also two peaks by the middle part of July and an important trough on a one-year chart scale toward the end of July. Here, we’re doing sideways rotation again along a key support level near the low forming after a decline through multiple support levels.
We’re experiencing sideways fluidity in early August – equal amounts of bulls and bears inflow/outflows until a peak and a crest in mid-August. Off the crest, there’s a notable move to the downside. Out of the trough in mid-August, there’s this big move to the upside, back to another peak behavior around the August high, which stands out on a one-year chart scale.
Early September brings a period of volatility, ending a fast move higher, taking us to an important resistance level on a one-year chart scale. In the later part of September, a rally stands out of the September low. An important peak on a one-year chart scale may appear from mid-September to October. We’ll have a notable decline in the earlier part of October. However, out of that, we have oversold territory, a large move to the upside taking us back to a peak or crest that will stand out on a one-year chart scale. The latter part of October brings multiplied failed attempts to break through the key resistance and October low. There’ll also be a decline through multiple support levels into a sharp drop that takes us into the October low.
Expect another crest at a powerful resistance level towards the end of October. Then there’s a near-overbought crest in early November that we sell off from for multiple support levels. The behavior around the November low shows a value along the diagonal trend line that ends with a fast move. A breakdown increasing with volatility through that diagonal trend line should occur, taking us into the low. Out of said low, we have this big move higher, reaching for distant resistance. There’s a breakout on a multi-scale chart around the high for November, bumping sideways along resistance.
Early December sees a failed attempt to break through key resistance on a multi-day scale. This is followed by a decline through key support, which takes us into a prominent low. This may happen more than once based on the mixed behavior around the December low. For the behavior around the high, we have much volatility and a lot of price change covered. There’ll also be a sharp drop that will stand out on a one-year or multi-chart scale off of the December high. Towards the later part of December and out of it, there’s a sharp drop through support on a multi-day scale meeting another support. We’ll rotate sideways along that support into 2025. As a sneak preview, expect a big move out on a multi-year scale, reaching for a distant resistance.