Jamie Damon is the CEO of one of the most biggest and most powerful banks in the World. Years ago, he called Bitcoin a fraud. Now, he just changed his tune and says Bitcoin has room to grow. And when it comes to Ethereum, JPMorgan’s blockchain lead is wow in charge of Ethereum-based interbank information network.
Supply and Demand can be seen on any price chart. In this video, for the first time ever, I apply my supply and demand methodology to the total crypto market cap chart.
https://cointelegraph.com/news/jpmorgan-turns-bullish-on-bitcoin-citing-potential-long-term-upside
I'm a supply and demand trader and use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
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Dimon called the 2017 top rather accurately. I remember him saying in the fall that Bitcoin could go up to $20,000, which it did. The man is no fool. From a large bank's perspective, Bitcoin in 2020 is a different animal than Bitcoin in 2017. Every additional year Bitcoin continues to silence critics, it proves more anti-fragile. Mainstream acceptability is inevitable. Wall Street seems to be finally jumping the bandwagon almost seven years after I first heard such talk.
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Good stuff @shtup, wish I got into BTC earlier, but I guess we are still in the 1st inning.
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When he said that he 2017 of September, remember in December, the bull came with full force and definitely be ate his words by then. I think it's these so called coperate entities who are thinking it's stupid to buy into BTC that wants to ask associate with it and so far in 2020 he's now bullish on it,hope he's fired himself
All on Wall Street was saying one thing and behind the curtains they were doing the opposite.
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Hahaha typical way of misleading potential adopters by the way. This guy is annoying if you ask me.
Those football references are gonna wreck havoc with the soccer players lol..
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LOL...hopefully this helps describe how I view different time frame price charts.
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Lol when you can’t shape the narrative because Bitcoin doesn’t give a shit and only does what it’s programmed to do you have to eventually 180, while they debate I’ll be stacking Sats! Making it harder for them to pick up Bitcoin
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I'm with you @chekohler, I'm looking around for fiat to buy BTC now.
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This looks like a precursor of the social credit network that I keep hearing about.
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What do you mean @automaton.
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