Look Who it Was Random video

NEWSBTC 09/13/2017 - BTCJPY Confirms Ichimoku Bearish Signal

381 views · Published 12 September 2017 · 1:48 · Indexed 21 September 2026

Channel: NEWSBTC · 2017 · People & Blogs

Watch on YouTube

It’s Wednesday, September 13th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update.JPMorgan CEO, Jamie Dimon hit the wires on Tuesday with comments that were not Bitcoin-friendly. Dimon said that he ‘would fire any trader trading Bitcoin for being stupid,’ and that the move into Bitcoin ‘won’t end well.’  On the other hand, Nasdaq survey sees 'Long Bitcoin' as the world's most crowded trade, which means the majority of traders disagree with JPMorgan. Only time would tell. From a technical standpoint, BTC/JPY chart shows that the Kijun line has officially crossed below the Tenkan line of the Ichimoku Kinko Hyo moving averages. This marks the first Ichimoku-based bearish signal, indicating we could see further drops towards the 38% and 50% Fibonacci retracement levels at 420,000 and 390,000 respectively. This drop is despite the JPY weakness across the board, indicating that Bitcoin is losing to JPY at this point in terms of strength. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

More from this channel