So it appears banks across the world have been included in a multi trillion dollar scheme which basically moves cash illegally (money-laundering). Attention has fallen on cryptos, metals, and markets as a whole as everything faces a red Monday. ~ So it appears banks across the world have been included in a multi trillion dollar scheme which basically moves cash illegally (money-laundering) . This has been going on for years but this should hit the wire hard this week if not this morning. We see futures gapped down 600 points, not the biggest move but still big. Banks will be a big move this week, will be a divergence maybe (some go down some go up). This could impact the entire market as a whole, cryptos and metals included. JPM is a great example of a bank with too much power.
Let's see what happens at open, this is a decision point for the market especially before elections. (sent this morning in chat before open)
Bitcoin currently sits above what has proven to be strong support @ $10355. Watching the orange trend line as support as well, it holds strong on the weekly timeframe . Possible long on a break and close on 4hr above $10355. Upside targets: $11173- $12050. Possible Short Entry: $10285 (short term), $9847
Caution needed in this stock as banks impact markets across the globe.