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Jpmorgan

#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.
Long
by Worth_The_Ri5k
7
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.
TVC:SILVERLong
by Cidoguy
4
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.
NYSE:JPMShort
by TK0421
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.
COINBASE:BTCUSDLong
by Bitconiano
1
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.
NYSE:JPMShort
by TK0421
4
The chart doesn't lie, Bullish Flag breakout for JPM? JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish. Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED, FFS! Or, did the FED bypass banks with a digital USD? Time will tell, but the chart is bullish, stonks only go up!
NYSE:JPM
by ScotianBot
4
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy! I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time. Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern. Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation. The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly.
NYSE:JPM
by ScotianBot