Jpmorgan
JPM longI think that this stock is a great investment long term. So my thought process is that as a young individual I should wait for a great opportunity to buy in and hold for the long term to make more profits. The NASDAQ is also at highs so an eventual setback will affect the stock as well and that will be a good opportunity to buy in and hold on forever in my opinion
€3000 by 21.05.21 ?What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction with JP Morgan, Santander, Credit Agricole while the protocol is evolving using technology like Hyperledger Besu and Consensys Quarum to connect the banks to the blockchain. This new has of course created lots of retail action some incoming from BTC, FOMO is starting to kick in, can ETH get to €3000 by 21.05.21 or maybe sooner?
Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both:
1) They're too good at making money (or not losing it).
2) They're cheating.
There are two concerning trends that I would like to point out with this analysis.
I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long.
The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons.
If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind.
The same goes for the upper limits of the wedge.
The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145.
Bold predictions as usual...
JPM options usually prove to be extremely lucrative
I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion.
*Share your thoughts and concerns with my views!
**Not a financial advisor.
***Don't judge me on my winners. Judge me on my losers, because there are so few.
Super League Controversy Creates a Trading Opportunity on JPM The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
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Breakdown of the latest developments on the global exchanges
Apr 21, 2021, 8:52 AM GMT
#StockMarket
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
Chelsea Supporters Protesting the Super League.
The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
JPM closed yesterday's trading session with a loss of 2.21 per cent, and as can be seen on the 4H chart below, bearish pressure keeps mounting.
The price action is developing a major Descending Wedge pattern, which typically entails likely uptrend continuation. However, the latest developments could change that.
After having broken down below the 100-day MA (in blue) yesterday, the share price is currently testing the lower boundary of the Wedge. If it gets broken as well, then JPM could tumble as low as the major support level at 140.00. The latter is currently converging with the 200-day MA (in red), making it an even more prominent price level.
In contrast, the broader bullish trend could still survive, but the share price would have to rebound immediately and then break out above the upper boundary of the Wedge. In case that the price does indeed manage to complete the Wedge, it would then be able to test the all-time record resistance level at 160.00.
JPM: Bullish trend ahead of the earnings report
Share prices have breached the resistance trend line at 154.70 after many attempts as indicated on the chart and closed the last session 156.35 up 0.75%.
The major levels to the upside are at around 157.60, 158.70, 160.50, 161.60, 163.40
Support at around 154.70, 152.90, 151.77, 150.00, 148.90, 147.78, 147.00
$JPM Before earningsJPM is looking at a retest of that 160 target I had a few days ago. As expected, algos took profits and it put in a bearish candle at the top. It seems like JPM has been trading inside a very range for a while, and if earnings posted are good, it should break higher, looking at 160 calls that should be paying nicely on this swing. All indicators show a bullish trend to the upside, especially the Stoch RSI. There is a slight bearish divergence on the Ichimoku indicator that is showing near term bearishness. I like this setup to retest the highs at or after ER.
RAMP April PT $5.16RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry partnering up and investing in them. The list is actually quite impressive:
Backers: JP Morgan, BlackRock , Deloitte, MSFT , BNP Paribas, Blockwater Capital, Binance, IOST
Investors: Alameda Research, ParaFi Capital, Mechanism Capital, XRP Capital, IOST, Torchlight Ventures, Ruby Capital, Blockwater Capital, Signum Capital, MW Partners, LayerX Capital, Orthogonal Trading
This is a very tiny market cap coin at under only $200m (circulating supply). RAMP will be launching its mainnet upgrade any day now and imo will take off in April to at leas a market cap of $1B as many will flock to earn double the returns of all competitive products on the market.
Link to LitePaper
Link to RAMP Website
Problem: An Inefficient US$300 Billion Market
With the rapid growth of the staking economy, global staking market cap has rocketed to exceed $300 billion. However, staking by itself is not capital optimal as it gives bond-like returns, while users have to also deal with fluctuating asset prices. Staking also results in substantial asset values locked into illiquid positions. There can be much better ways to maximize the value and returns on these assets for asset owners.
Conclusion
I just bought a bag of RAMP and you should too... this is going to go bonkers during April. I have three price targets per below:
PT1: 1.67 (100% upside)
PT2: 2.38 (183% upside)
PT3: 5.16 (514% upside)
The final PT would barely get RAMP over $1B market cap... these are very doable rates of returns considering most DeFi projects with legitimate backers and capital are north of $2-3B market cap.
April PTs for RAMP PT3 $5.16RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry partnering up and investing in them. The list is actually quite impressive:
Backers: JP Morgan, BlackRock, Deloitte, MSFT, BNP Paribas, Blockwater Capital, Binance, IOST
Investors: Alameda Research, ParaFi Capital, Mechanism Capital, XRP Capital, IOST, Torchlight Ventures, Ruby Capital, Blockwater Capital, Signum Capital, MW Partners, LayerX Capital, Orthogonal Trading
This is a very tiny market cap coin at under only $200m (circulating supply). RAMP will be launching its mainnet upgrade any day now and imo will take off in April to at leas a market cap of $1B as many will flock to earn double the returns of all competitive products on the market.
Link to LitePaper
Link to RAMP Website
Problem: An Inefficient US$300 Billion Market
With the rapid growth of the staking economy, global staking market cap has rocketed to exceed $300 billion. However, staking by itself is not capital optimal as it gives bond-like returns, while users have to also deal with fluctuating asset prices. Staking also results in substantial asset values locked into illiquid positions. There can be much better ways to maximize the value and returns on these assets for asset owners.
Conclusion
I just bought a bag of RAMP and you should too... this is going to go bonkers during April. I have three price targets per below:
PT1: 1.67 (100% upside)
PT2: 2.38 (183% upside)
PT3: 5.16 (514% upside)
The final PT would barely get RAMP over $1B market cap... these are very doable rates of returns considering most DeFi projects with legitimate backers and capital are north of $2-3B market cap.
i hate saying this but : i told ya...tip of the iceberg or end of correction ?
everyone was saying 72k and it went 52k
now everyone is saying 48K and it will be ... ?
btc will surpirise you every second you are dealing with it .
48-49k is a very important area for btc . most companies and etf,s(tesla - musk - grayscale - jpmorgn) bought huge amount of btc near that area but pleeeeaaaase be aware that thier average buy price is somewhere around 28-30k and with thier power they can take all you have made since last couple of months
(good news : march is about to end !)
trade with caution
$JPM Ready to test highs againAlgos have this pinned right at that conversion line and 8 Daily EMA. Flirting with overbought RSI, it has made a steady climb up to higher highs. I've set 160 as a psychological level to break, but the way it has been moving, it could move much higher. $XLF looks strong as well, indication higher highs for the entire financial sector. Targets should be short term, ready for a quick drawback if it fails to break out of these levels.
#Bitcoin: Still showing bullish signs, with strong news week.After Bitcoins crazy run up from 30,000-58,000 we saw an almost $10,000 retracement with many traders reacting in panic.
But is the run really over? I doubt it.
__________________________________________________________________________________________________
Below i am going to explain some basic reasons why I think we are going upwards from here:
1. Institutional Interest
Many "High Profile" buyers are still interested and purchasing BItcoin such as Square, Microstrategy & Grayscale Investments.
2. Bullish Pattern
The Falling Wedge is a strong Bullish Reversal Pattern that may give us a good sign buyers are now in control of this market again.
3. Similar Price Action
The current Falling Wedge & Price Action is quite similar to that of $33,000 area, we had a Falling Wedge, aswell as institutional buyers towards the bottom of the pattern. Just like we are currently, as marked on the Falling Wedge forming from $58,000.
__________________________________________________________________________________________________
1. Institutional Interest
Below I am listing current news which I think is definitely supporting the idea that the Buyers are in control:
The news is flowing HEAVY around Bitcoin and quite positive! The big guys are interested, and everyone is trying to get a piece of the pie now. The Demand outweighs the Supply.
Microstrategy Purchases more Bitcoin:
twitter.com
JP Morgan recommends 1% in Bitcoin:
techstory.in
Goldman Sachs opens Bitcoin trading again:
markets.businessinsider.com
Twitter Announces $1.25 Billion Convetible Notes Offering (Founder is a fan of Bitcoin, and Microstrategy had a similar offering to generate capital to purchase more Bitcoin:
apnews.com
Square payments buys more Bitcoin:
www.cnbc.com
Cititbank states Bitcoin could become the currency of Global Trade:
www.theblockcrypto.com
__________________________________________________________________________________________________
2. Falling Wedge Pattern & Similarities in Price Action
In this pattern price swings 5 times between two converging trendlines while falling to form a “Wedge", this a potential sign the buyers are slowly taking control and we see a "breakout" to confirm this"
Works extremely well with Bulllish Divergence and the pattern has a high sucess rate. It often sweeps the lows at A before breaking out and this is the ideal entry point followed by the bullish retest (B).
Target is the top area of the pattern. Pattern tends to break out when around 60% complete and commonly off the 0.78 fibonacci level.
In the below images you can see the similarities between late January & Now. In January we had the Falling Wedge Pattern with a Tesla purchase, and now we have a similar pattern with a few other big names purchasing (Microstrategy, Square).
First example of the Falling Wedge (Note how Elon Musk purchased around the Bottom of this Pattern before the upwards move began):
Here we can see how once we had the breakout we had a strong upmove:
Here we can see a comparison of the current pattern:
__________________________________________________________________________________________________
3. Conclusion
The most important thing to consider when investing and trading Bitcoin is the Fundamentals & Supply & Demand.. currently there is a huge Demand still for buyers of the Cryptocurrency as you can see from the above articles (they are all recent) and the potential signs on the chart as well the buyers are regaining control.. The use case for Bitcoin grows strong with the FED still printing and seeing more and more big names getting behind it every week.
These factors alone give us a high probability of a sustained upwards movement from here.
Market manipulation on Silver by JP Morgan!Hello.
Let me get this straight.
First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand
As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I must admit I was not the first one! For other people, this might be normal to know that the silver market is acting weird, for me this was the first time.
The ongoing investigation led me to this article today.
Posted by ZeroHedge -https://www .zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs
Where it says that JP Morgan added to their SLV position 2800 tons of silver.
Which compared to the yearly OVERALL PRODUCTION OF SILVER IS 10%!
If that number just does not say they ARE FULL OF CRAP I don't know what will...
The OVERALL annual investment in silver is about 18% of its whole production and here we have JP Morgan throwing in 10% of that in their vault in about 5 days when the price is almost at local high? Seems legit.
Here is what the article says too...
There is only so much silver left for ETFs to fight over in London vaults and when there is non left the price should skyrocket. Unless they start printing again?
Sounds a LOT like there should be an investigation or at least I am hoping that people buying in those ETFs start to bank out physical silver and take this god damn banker's firm to the shothole it came out of.
I hope you are doing great. and have fun longing the best precious metal out there!
Cidoguy.
JPM short trade updated chartHere is the updated chart on JPM short trade I have posted on January, 12th. Brief pop above the resistance level to clear out any shorts. Turning around and dropping down below which proves to be a bull trap. From there, pretty steady down trend day after day. Today, hitting the first target. 10.5% down from the high. Next target is $117.20ish level and reaction is likely once it gets there. I expect a gap down tomorrow and hitting that second target pretty quick given the current market posture. Around $104.50 seems like a good support and that seems like a pretty good swing target and which will be around 26% from the high. How bullish the overall sentiment is, I can see very quick rush to the exit once it turns.
Have a good trade everyone,
T.
lying on the greenAs you may know she´s in recovery since December 2017 after she broke her ankle climbing, received the (200 EMA) parts that she ordered from Wales and are now installed, but it will take some rehab to get back to climbing...
It has been nice weather out there, so BTC went to buy some shorts.
On the way back stopped for a late-nite Starbucks, but when her order was filled she realised there was a short squeeze of JP Morgan sauce on her Fractal wrap, she hates that shit, also her coffee had a gross margin of yellowy cream... wasn´t sure how to handle it, but complained and changed it to a fundamental cheese toasty and a Fair value tea.
Back home went for a quick dip, in and out of the pool, now in the garden, lying on the green twitting replies to all the friends that have offered support during this somehow difficult times.
She doesn´t give a satoshi about what the neighbours think, but its getting late so time to turn down the volume of Bull Flag´s new single, "Resistance" so she can relax a bit before going for a little sleep.
Potential short set up for JPMThis is a potential set up and not yet actionable unless you want to take an aggressive starting position. JPM has finally up to pre COVID price level. The run up recently has been too fast too sharp in my opinion. RSI is extreme over bought reading. Any marginal high will extend the PPO divergent high. Be careful trading this since the earning is coming up on this Friday before the bell. I can see rejection here or making a marginal new high and fade. That would be a bull trap and down move may be pretty swift. Down side target for me is the yellow trend line from COVID March low or the top of the gap at $112.55.
EURGBP H1 - Long Trade SetupEURGBP H1 - Start of a potential reversal, double bottom on our big D1 support raised my eyebrows. Looking to break above 0.89400 and then retest 0.89100.
This would be a perfect start to a 2 stage reversal, but this is required before any further consideration. D1 support zone, failed lower low, break above key level and previous high, retest support. Bullish positioning....