Hey Traders, FXPROFESSOR here! 🤟 Let's talk Bitcoin. It's been a rollercoaster, for indices hasn't it? 🎢 check my last Nasdaq chart here: 
The Sideways Saga 🔄
Bitcoin's been moving sideways since August 23rd. Highs at 28,200 and lows around 24,900. Right now, we're smack in the middle at 26,430. 🎯 Major resistance/support is at 26,800. Will it break higher? 🤔(I think it will!)
The Chase Effect 🏦
JP Morgan Chase recently banned crypto transactions in the UK. 🚫 JP Morgan News Could this be a ploy to buy cheaper Bitcoin? 🤨 I think so, yes but also check the bonus link below)!
What's Next? 🤷♂️
If we break higher, aim for 28,990. 📈
If rejected, we could dip to 25,200 or even 24,800. 📉
Everything's up in the air. Let's see how the chase for cheaper Bitcoin pans out for JP Morgan and for us. 🕵️♂️💰
One Love,
The FXPROFESSOR 💙
Links:
reuters.com/technology/jpmorgans-uk-bank-chase-ban-crypto-transactions-2023-09-26/
cointelegraph.com/news/jpmorgan-chase-ceo-all-crypto-will-be-government-controlled
cointelegraph.com/news/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec
Bonus link:
finance.yahoo.com/news/people-thought-caught-jpmorgan-buying-183900306.html (People thought they caught JPMorgan buying bitcoin after Jamie Dimon called it a 'fraud' — but that's not what happened) -just so that we have the 'other side of the story')
The Sideways Saga 🔄
Bitcoin's been moving sideways since August 23rd. Highs at 28,200 and lows around 24,900. Right now, we're smack in the middle at 26,430. 🎯 Major resistance/support is at 26,800. Will it break higher? 🤔(I think it will!)
The Chase Effect 🏦
JP Morgan Chase recently banned crypto transactions in the UK. 🚫 JP Morgan News Could this be a ploy to buy cheaper Bitcoin? 🤨 I think so, yes but also check the bonus link below)!
What's Next? 🤷♂️
If we break higher, aim for 28,990. 📈
If rejected, we could dip to 25,200 or even 24,800. 📉
Everything's up in the air. Let's see how the chase for cheaper Bitcoin pans out for JP Morgan and for us. 🕵️♂️💰
One Love,
The FXPROFESSOR 💙
Links:
reuters.com/technology/jpmorgans-uk-bank-chase-ban-crypto-transactions-2023-09-26/
cointelegraph.com/news/jpmorgan-chase-ceo-all-crypto-will-be-government-controlled
cointelegraph.com/news/crypto-is-a-nonexistent-asset-for-big-institutional-investors-jpmorgan-exec
Bonus link:
finance.yahoo.com/news/people-thought-caught-jpmorgan-buying-183900306.html (People thought they caught JPMorgan buying bitcoin after Jamie Dimon called it a 'fraud' — but that's not what happened) -just so that we have the 'other side of the story')
Note
market update as price got rejected, still Bullish though
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🌐 Website:
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💬 t.me/fxprofessor88
🌐 Website:
fxprofessor.com
🚀 CryptoGPT Trading Agents:
cryptogpt.io/
🌍 Trade FX with Me (TradeNation):
go.tradenation.com/visit/?bta=37306&brand=tradenation
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📣 Professor’s Public Telegram:
💬 t.me/fxprofessor88
🌐 Website:
fxprofessor.com
🚀 CryptoGPT Trading Agents:
cryptogpt.io/
🌍 Trade FX with Me (TradeNation):
go.tradenation.com/visit/?bta=37306&brand=tradenation
💬 t.me/fxprofessor88
🌐 Website:
fxprofessor.com
🚀 CryptoGPT Trading Agents:
cryptogpt.io/
🌍 Trade FX with Me (TradeNation):
go.tradenation.com/visit/?bta=37306&brand=tradenation
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.