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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"bonniehere",<br>"permlink":"jpm-says-bitcoin-is-going-to-usd4-600-or-usd14-300-in-the-short-term-thanks",<br>"title":"JPM says Bitcoin is going to $4,<br>600 or $14,<br>300 in the short term,<br> thanks",<br>"body":"<html>\n<h2>In a report out by JPM,<br> their technical analysis points to a move down to $4,<br>600 as fairly likely at this point.<\/h2>\n<p>However,<br> it also points to a move to $14,<br>300 or even $16,<br>300 if near term resistance levels are broken.<\/p>\n<p>This kind of rhetoric is quite common among technical analysts as all TA is based on probabilities and \"if then\" statements.<\/p>\n<p>It is not good for predicting,<br> but instead good for charting possibilities based on previous price patterns.<\/p>\n<h2>Which means,<br> they don't mean a whole heck of a lot other than making for interesting talking points.<\/h2>\n<p>However,<br> if you are into that sort of thing,<br> here is some tidbits from their report:<\/p>\n<blockquote>\"Bitcoin's recovery from a low above $5,<br>900 earlier this month was \"impressive\". Still,<br> we see a \"fairly high risk\" of a sell-off towards the $4,<br>605 level if the digital currency doesn't break through its resistance level between $10,<br>128 and $10,<br>776.\"<\/blockquote>\nhttps:\/\/steemitimages.com\/DQmcQU58J4p2JXzqiPYsBo8NHXAtEk2Unhgbcfn2C97Tqc9\/bitcoin%20Graph.jpg\n<p>(Source: <a href=\"http:\/\/www.businessinsider.com\/bitcoin-price-jpmorgan-warns-theres-a-highly-fair-risk-the-bitcoin-sell-off-isnt-over-2018-2\">http:\/\/www.businessinsider.com\/bitcoin-price-jpmorgan-warns-theres-a-highly-fair-risk-the-bitcoin-sell-off-isnt-over-2018-2<\/a>)<\/p>\n<p>There you have it,<br> IF we don't break $10,<br>128-$10,<br>776 area in the near term,<br> prices are likely to head south down to $4,<br>605.<\/p>\n<p>However... and this is a big \"however\":<\/p>\n<blockquote>\"Above $10,<br>776 though,<br> the door for a broader countertrend rally to $14,<br>334 if not to $16,<br>304 (76.4% on different scales) would be wide open.\"<\/blockquote>\n<p>So,<br> if we are able to break the upside resistance levels in the near term,<br> prices are likely to test the $14,<br>334 to $16,<br>304 levels.<\/p>\n<h2>To conclude...<\/h2>\n<p>Prices are likely to go down and they are likely to go up.<\/p>\n<p>We can't say for certain which is more likely.<\/p>\n<p>Thanks as always JPM!<\/p>\n<p>Gotta love TA.<\/p>\n<h2>In some real news...<\/h2>\n<p>Check this out:<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/ktorpey\/2018\/02\/12\/microsoft-to-embrace-decentralized-identity-systems-built-on-bitcoin-and-other-blockchains\/#24e6f9745ada\">https:\/\/www.forbes.com\/sites\/ktorpey\/2018\/02\/12\/microsoft-to-embrace-decentralized-identity-systems-built-on-bitcoin-and-other-blockchains\/#24e6f9745ada<\/a><\/p>\n<p>Microsoft announces that they are going to implement blockchain technology into their ID applications.<\/p>\n<p>Currently all ID systems are controlled by a central authority. Microsoft is working on a decentralized ID system that isn't controlled by any one party.<\/p>\n<p>Both bitcoin and ethereum were mentioned in the news release.<\/p>\n<p>Now that is some news worth sinking your teeth into!<\/p>\n<p>Stay informed my friends. <\/p>\nFollow me: @bonniehere\n<\/html>",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"cryptocurrency\",<br>\"crypto\",<br>\"news\",<br>\"blog\" ,<br>\"users\":[\"bonniehere\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmcQU58J4p2JXzqiPYsBo8NHXAtEk2Unhgbcfn2C97Tqc9\/bitcoin%20Graph.jpg\" ,<br>\"links\":[\"http:\/\/www.businessinsider.com\/bitcoin-price-jpmorgan-warns-theres-a-highly-fair-risk-the-bitcoin-sell-off-isnt-over-2018-2\",<br>\"https:\/\/www.forbes.com\/sites\/ktorpey\/2018\/02\/12\/microsoft-to-embrace-decentralized-identity-systems-built-on-bitcoin-and-other-blockchains\/#24e6f9745ada\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"html\" " |
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