FTT SHORT TERM TECHNICAL OVERVIEW! DUMP HARD OR RECOVERY?Check out the trade plan for FTTUSDT today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
SHORT-TERM VIEW ON THIS PAIR FTTUSDT IS HERE ON THE CHART ON HOURLY TIMEFRAME...
FTT
🔥 Future FTT price FTX token under threat 👇Why the FTTUSDT price directly depends on the result of the "showdown" between Binance CZ CEO and Sam Bankman-Fried with FTX ?
On 06.11 evening, the head of Binance published a series of tweets in which he wrote that Binance as part of a strategy to exit investments in FTX received $2.1B in BUSD and FTT. And due to "unethical" actions, Sam Bankman-Fried plan to sell their stake in tokens FTT of $ 600M within 1-2 months on the open market.
CEO at Alameda Research, Caroline Ellison, has publicly called for CZ to sell all FTT tokens at $22 to reduce the market impact on the FTX exchange's native token rate.
The current showdown between owners of major cryptocurrency exchanges is happening when the cryptocurrency market is "fragile" and tough regulation from the U.S., including DeFi market, is still looming.
Sam Bankman-Fried with FTX has taken a proactive regulatory stance, trying to significantly limit the rights and freedoms of DeFi protocol creators so that US users / other territories with strict laws cannot use DeFi infrastructure. And the winning side of course would be centralized exchanges a-la FTX.
He also hinted in one of his tweets that he lobbies for interests in Washington, and for the head of Binance - entry to those chambers is closed, which has caused the current CZ / FTX / Alameda feud.
The principle of the current actions of the head of Binance is quite simple - collapsing quotes FTTUSD. Also actions CEO Binance causes a mass "flight" from the exchange FTX in its favor, and also many lenders may withdraw their loans from FTX, due to the depreciation of collateral in the FTT.
Better that CZ / FTX as soon as possible stopped this "war" because such a battle will not only hurt the price of FTT or the exchange FTX, which is being abandoned by the traders and their liquidity.
A lot more crypto community participants are likely to suffer. Because in such a weak crypto market, coins with smaller liquidity and capitalization can go down very, very hard, and almost all of us have them.
If we look at the global chart of the FTTUSDT price, it becomes clear why the price of $22 per FTT is critical. Below you can see the liquidity level is only about $10. In general, the strong liquidity area where "big money" was taking a long position is in the $2.5-4 range.
We don't want to see another collapse like with "Luna".
We hope for a quick and peaceful outcome of this conflict, but each participant in the crypto community should make conclusions for themselves.
_____________________
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BTCUSDT | Goals for next week.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Weekends are boring as always, we are waiting for the opening of all markets tomorrow.
If we talk about the bitcoin chart from the technical side, then we are holding in the range of $17,000-16,350, forming a structure for a further level of support and resistance.
The question is how long will we be kept below $17,000 because everyone already wants a strong increase, right?
I think we will still go through $16,000 and make a DD on 12H and then I expect a take-out towards $18,000 (my first take profit), then we will act according to the situation.
Now we are in a strong manipulation zone, people are waiting for the price to drop even lower in order to buy and enjoy life, but let's think together, the market always works the way we think? I think no.
And then inexperienced traders start buying in a panic, watching the rocket fly away without them.
By the way, I'm in LONGE!
DefiLlama: Total Value Locked by Protocols"Exchange is not your wallet".
"Not your keys, not your coins"
Despite the strong turmoil due to the FTX crash, DeFi dApps (Decentralized Finance applications that run on blockchains) remain intact, at least for the most part.
And given this bad context of the crypto market, it is worth noting that Dexes (decentralized exchanges) and Landing Protocols have proven to be much more resilient and secure than centralized exchanges, since the former have a more open administration and a source code that can be accessed and audited.
On the other hand, centralized exchanges are a black box, and at this delicate moment, there are doubts if they really have enough balance to honor all withdrawals.
DefiLlama TVL (Total Value Locked)
The graph presented here shows the monetary values locked in the main dApps, also called protocols.
What the graph indicates is that the DeFi ecosystem remains intact, and so far the application that has suffered the most withdrawals and losses has been Mango Markets, which runs on the Solana blockchain.
Due to the Alameda/FTX contamination, some Solana dApps may suffer more.
The worst case scenario in case of eviction
According to DefiLlama, the total amount locked in DeFi is $76.13b.
Doing a very quick baker's account with approximate values:
+ Total TVL: $76,000,000,000.00
- FTX Leak: $10,000,000,000.00
- Investments by Alameda/FTX in Solana and some dApps: $6,031,139,675.00
-------------------------------
= $59,968,860,325,000 (-21%)
So, if the market drops more, we could have a drop of another 21%, distributed among these protocols.
But, again, this is just a quick calculation and could be wrong, and it is not investment advice.
Final word
This will be a time of consolidation, in which ecosystems with solid governance will prove their worth and emerge from this crisis even stronger.
FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week.
- More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher.
- Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles.
The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.
BTC weekly levels 12 NOvBTC weekly levels for upcoming week 14-20 Nov. We have marked impoetant levels and zones in the chart so kindly go through it.
We cryptoblast86 provide daily Analysis on Crypto. Intraday , Positional , Momentum , Jackpot calls given by our team.
(Only for educational purpose, Before investing consult your financial advisor)
FTX and the end of an eraThe fall of FTX will go down in history as something similar to the crash of 2008.
On Friday, 11/11/2022, a court-supervised reorganization was requested, the first step towards filing for bankruptcy.
In this chart, we can see the balance of assets belonging to the hodlers of the FTT token, used on the FTX exchange.
Surreptitiously, on September 26, someone with inside information already knew the boat was going to sink.
And these managed to get a lifeboat before everyone else...
This can be proven by comparing the same type of chart in other cryptocurrencies, where nothing absurdly out of the ordinary is noticed:
BTC
ETH
AAVE
ADA
BUSD (Binance)
COINEX
Curve
dYDX
GUSD (Gemini)
HT (Huobi)
HUSD (Huobi)
KCS (Kucooin)
CRO
Polygon
Magic Internet Money
OKB (OKX)
QuickSwap (Polygon)
USDC
USDT
-------------------------
Another indicator that demonstrates the problem to come is the Volume of transactions with a value of $100,000 or greater in USD .
On FTX’s FTT token, there was a strangely unusual volume, ahead of other cryptocurrencies:
FTT
BTC
ETH
USDC (note that high volume happened just days later, in the desperation of multiple withdrawals and moves)
-------------------------
The Amount of asset held by Whales is another indicator that I bring here to compare some exchanges, but not all of them are available.
FTT (FTX)
BUSD (Binance) (this information does not exist for BNB)
Coinex
CRO
dYDX
GUSD (Gemini)
HT (Huobi) (⁉️)
HUSD (Huobi)
KCS (Kucoin)
OKB (OKX)
USDK (OKX)
Uniswap
Better times will come.
FTT short squeeze soon.Hi Traders,
Just as we saw with LUNA and other major crashes the short squeeze prior to another major dump is how the market moves.
CZ still has his bag to sell and i'm sure has no problem with a minor pump and dump to clear the massive build up of leverage shorters and unload his stack.
IF i was sam or any other MM this would be the same thought on my mind.
I spotted LUNA's short squeeze and this looks just the same. 0.50-$7
You must set the sell orders for the long position ahead of time as its unlikely unless you are 24/7 watching price to catch the very quick move.
Target areas are $4-5 and also $7-9
This is a low leverage play (i'm in from 2.70 12x)
Goodluck,
Assetmastery
🔥-35% OR +35%: the main trading plan for RIPPLE❗🔥Hi friends! Ripple is make a pullback to the closest value area of $0.27-0.34, where a lot of whales accumulate it's long trades. Price made a rebound by +25%.
Seems like a lot of traders got the liquidations and sell their crypto in loss. But 30-40 min ago was released the news about the $10-50B loan of Alameda (FTX fund).
🚩 Also the CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
SO we should expect the HIGH VOLATILITY AT THE MARKET AND GREAT OPPORTUNITIES FOR TRADERS.
✅ TRADING PLAN FOR XRP
I show you 2 trading plans that allow you to make a profit no matter whether the price is falling or rising.
SHORT PLAN
📊 The main preconditions to open a short:
🔥 close below the key level of $0.31
🔥 test this level as the resistance
🔥 huge sell orders during the test. I prefer to use DOM and Footprint to identify the real whales orders, but you can use simple volumes at the exchange
✅ The targets for short:
1. $0.27 - the lower boundary of closest value area
2. $0.22-0.24 - the next value area
LONG PLAN
📊 The main preconditions to open a long:
🔥 squeeze to the local trendline (you can identify it on lower tomeframes such as 1-4h)
🔥 false breakout before it and return od XRP to the trendline will give you fdittional confirmation that bulls support the price
🔥 huge volumes/buy order to buy on sclaping indicators such DOM and Footprint, which help you to identify the biggest one
✅ The targets for short:
1. $0.42 - the mirror level
2. $0.51 - the key level and strong resistance
3. $0.56 - the key level and local highs
🚩 I recommend you to book the profit partly , because in any case the market can make a rebound and you don't get the profit at all.
📊 I think this weekends will be "EXTREMELY FUN", so stay tuned and remember about risk management❗
What do you think the next crypro market and RIPPLE movement? Is it 12k or 20k for BTC soon? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
FTT FALL AND GOLD RISEFTT has fallen by 90% ...
the entire crypto market is falling.
And gold is growing.
Why and how is this related?
Chronology
November 6 : An analyst under the pseudonym Lookonchain noticed that 23 million FTT coins (about $530 million) were transferred from a "cold" wallet to the Binance exchange. Only one person (with the exception of Alameda itself) had such a large stock, so there could be no doubt about it. It was CZ. Actually, he did not hide much, confirming with a slight delay on Twitter that he decided to sell these shitcoins to FTT .
After that, a series of news came out confirming the presence of big problems at Alameda.
The founder of Alameda started looking for funds because the company started having liquidity problems.
And even Binance did not dare to help Alameda.
On this news, the entire crypto market began to fall rapidly.
People started selling cryptocurrency and tried to withdraw money.
Just at this time, a record was set for transactions with stablecoins.
People wanted to protect their funds, but where to invest their funds now?
Gold
Gold has historically been considered a lifeline for investors.
In times of crisis, gold has always been considered the tool that can save you from losing money.
On November 3 , gold began its growth.
To date, the growth has amounted to 9%.
What does it mean?
The crisis continues, bitcoin has been falling for a year.
November 10, 2021: $BTC 69000$
November 10, 2022: $BTC 15600$
All problematic companies close down and accelerate the decline of the crypto market.
The bottom is not visible yet.
Be careful, especially if you decide to open long positions.
🔥SAM BANKMAN-FRIED: how to become a millionaire❓Chinese recipe❗🔥Hi friends! This is an urgent update for ALL traders. Alameda Research (Sam Bankman-Fried fund), which is an FTX exchange fund, has a large amount of altcoins on its balance. A massive sell-off could happen very soon if the situation does not stabilise.
✅ Also it's a great opportunity fot the traders.
📊 HOW TO BECOME A MILLIONAIRE FOR 1 DAY? SBF CASE!
The Bloomberg Billionaires Index has been updated, according to which FTX CEO Sam Bankman-Fried's (SBF) net worth is now $992 million, up from $16 billion yesterday. SBF become a millionaire, but still the multi-millionaire!:)
✅ As far as you know, CZ tweet about FTX token (FTT) force traders to withdraw their money from FTX exchange. This forced CEO Sam Bankman-Fried to start negotiation on selling the exchange due to the risk of bankruptcy.
🚩 ‼️ It is possible that Binance and CZ itself will face legal issues, because many traders lost money because of such "manipulations". More details later.
📊 THE POSSIBLE HUGE DUMP OF ALAMEDA'S ALTCOINS!
Alameda Research hold almost 41 crypto coins as FTX echange reserves. If the withdrawal from FTX continues, they will be forced to sell some holding to cover the losses and allow the traders to withdrawal money.
🔥 This is a list of tokens and coins (>$100,000 assets) that can be sold by ALAMEDA in the closest future.
🚩 Such situations is always the opportunity for the well prepared investor or trader. So if you find the best entry point to long or short, the price will FAST reach your take profit on such volatile market.
📊 SOLANA IS UNDER THE BIGGEST PRESSURE!
Approximately $320m in Solana tokens could take Alameda Research out of stacking in the next 24 hours. This is approx. 18 M of SOL. Be carefull with this token.
🚩 As far as we know, there are a lot of news that force retail traders to sell while the whales continue to buy. I use DOM and Footprint sclaping tool to track such whales buy/sell orders and share this data with my subscribers. According to this data I will decide to long or to open a short the alts or BTC.
📊 TECHNICAL ANALYSIS ON FTX CHART
Now FTT fall for almost 97% from the ATH. The traders in such situations say that the chart is "broken". But I marked 2 value areas for you:
1. $22-33 value area where a lot of tokens were bought and IF price return to this area, a lot of traders/investors will sold their tokens at the breakeven. So we can assume that it will be BIGGEST resistance for the price.
2. $3.4-4.5 very old value area which become the support for the price and already bounced to $5. If everything going OK to FTX and it will not announce bankruptcy, the price can consolidate above or inside this area. At least it will be the most positive scenario for FTX.
The worst scenario if FTX token fall below the $3.4-4.5 area and test it as the resistance what will be the disaster for someone who don't use the risk management and opportunity for the short traders.
🔥 Traders, do you buy or sell crypto on this DUMP? BTC or alts? Write in the comments and stay tuned for more updates!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
FTT - Are resumption purchases real?After all the news and events, the price of the asset has returned to its original accumulation. Maybe we will see a local rebound in the price range of 1-4, a re-accumulation and an exit with an excellent momentum after a long trading session.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
🔥FTX IN GAME❓ The HIGHLIGHTS of the day and 3 targets for FTT❗🔥 Hi friends! "I'm sorry. That's the biggest thing.I fucked up, and should have done better.", said CEO FTX Sam Bankman-Fried (SBF) in the latest tweets. Today was the day full of news about FTX, so I collect for you the most impotrant for you:
1. The FTX CEO says in a message to his remaining employees that FTX could theoretically still raise capital. Next week, the FTX CEO promises to try very hard in terms of negotiations. Says he is in talks with Justin Sun (Tron founder).
2. Huobi Research has published a list of projects in which FTX has invested directly and with which the exchange has had close links. According to Huobi Research, these projects stand a good chance become the "victims" (to varying degrees) of this crisis.
3. The founder of another cryptocurrency exchange, Kraken, said the FTX situation is a huge blow to the crypto industry, but it will be overcome.
4. The FTX CEO transferred at least $4bn in FTX funds to support his own Alameda (the FTX fund). Some of these funds were client deposits. SBF has not informed other FTX executives of its intention to support Alameda in this way.
🚩 US has launched an investigation against FTX and Co.
5. Tether is freezing an FTX wallet with a balance of 46,360,701 USDT on the TRON blockchain at the request of the SEC until the end of the investigation.
6. FTX HAS TOTAL MARKET VALUE OF ASSETS, COLLATERAL HIGHER THAN CLIENT DEPOSITS - CEO FTX Sam Bankman-Fried. He add that FTX US is safe, but no word about another clients.
🚩 This quote pump the price by 50%!
7. At the end of his message, the FTX CEO added: "At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now I'll just say: well played, you won.".
This message is addressed to CZ, the closest competitor and CEO of the Binance exchange. It was CZ that provoked this fall of entire crypto marketwith its statement about the sale of $600M of FTT coins.
🔥8. According to some sources, Sam Bankman-Fried (SBF) is in talks for $9.4bn funding:
- $1 billion from Justin Sun (TRON)
- $1 billion from OKEX
- $1 billion from TETHER
- $2 billion from a consortium of funds
- the rest $ from other investors
✅ Wouldn't be surprised if Elon Musk is also involved in the deal.
📊 The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
🚩 Targets for BNB and the BEST Binance crypto coins or project related to Binance I describe in this idea👇
I just got information that FTX has allowed withdrawals. Now only the only active wallet for withdrawal is visible, but withdrawals go to the same addresses and too slowly. Therefore, this news is not yet proven.
✅ Finnaly, I think the FTX exchange will be recovered because it is the largest exchange in the USA. I will continue to monitor the situation and give you best trading plans. Stay tuned!
📊 TECHNICAL ANALYSIS OF FTT CHART AND 3 TARGETS
The price fall below the $2.5 key level and collect the sl there. The BEST entry point was at the price close above this level. Now the possible profit is +66%.
✅ If you miss that entry point, I made for you another possible 2 plans that can bring you a profit:
1. squeeze to the local trendline and than the breakout. It will be the best scenario.
2. return the price to the key level and test as the support. It's almost impossible, but i need to inform you about this entry poiny. It is more risky because if the price return to $2.5 the key level might not hold the price.
Take a look on the volume indicator. Seems like the liquidation of long traders are finnaly ended, but the liquidation of short traders may strart soon.
🚩 I use DOM and Footprint scalping tools to identify the whales and open a trades with them. I recommend you to use it also cause this tools can add +25-35% to your winrate.
✅ I mark only mid-term targets because see the posibility to make the nice profit:
🔥 $6.5 - the key level and local high
🔥 $10 - key level and even number
🔥 15$ - key level and even number
🚩 Why the price can reach this targets so fast? Because the FUEL for the growth will be the short traders, that will bought back FTT to cover their losses.
Remember about risk management and market give you a lot of opportunities!
✅ Traders, what do you think about the FTX situation? Is it possible, that FTX return to previous price or it will scammed soon? Write your thoughts in the comment.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
🔥75% OF CRYPTO MARKET MIGHT BE UNDER BINANCE CONTROL❗ BUY MORE❓🔥Hi friends! The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
✅ The list of it I will add at the end.
🚩 RIGHT NOW: Binance have released the amount of crypto on their wallets. CZ yesterday named it Proof of Assets. Also, now you can find this information on the Binance website.
📊 TECHNICAL ANALYSIS
Now the BNB return to the HUGE accumulation area of $268-304, where the most coins were bought by the big players (whales). Now we see that price possibly make the false breakout of the lower boundary and this is strong bullish signal, if BNB close inside the area.
📊 The trading plan to open a long:
🔥 bnb still in the value area of $260-304
🔥 possible false breakout of the local low which take the sl of traders and the whales will buy even more coins
🔥 volume growth on sl collections
🔥squeeze to the local trndline after the breakout
🚩 Also, remember about DOM and Footprin which is my most important trading tools for scalping. They shows me the best place to buy and to sell crypto with the whales. So you can increase your winrate by +25-30% using just this scalping tools.
✅ The targets for BNB:
1. $300 - the top boundary of the value area
2. $335 - the local highs
3. $400 - the local highs after the pump
📊 Why the short trade is still possible? The main reason for the dump is BTC. So if it will fall to $12-14k, all the altcoin make -30-40% more.
🚩 The main precondition for the short trade is the fall below the value area of $260-304 and test it as the resistance. You can set sl above the local high and ope nice trade with 20-30RR. The main target is the closests support at $235-243 value area.
All of these plans I leave on chart, so you can use it at any moment!
✅ Now BNB skyrocketing on FTX. The price already reach it's ATH at $670. I think this is because of rumors that Binance will return the money to the owners of BNB on other exchanges (if this funds will be lost ). This is the possible reason why BNB start to PUMP.
📊 WHY THE POSSIBLE BINANCE MONOPOLY ISN'T GOOD FOR ENTIRE CRYPTO MARKET? 🚩
If BINANCE get the monopoly at the market, the problem of BINANCE will be the problems of the entire crypto market. If Binance will got in trouble (hacked, robbed, DDOS-attacked, etc.), this will immediately affect the price of Bitcoin, and since 99% of altcoins follow it, altcoins will fall even more.
🚀The list of coins related to Binance:
🔥 BNB
🔥 TWT
🔥 CAKE
🔥 LINK
🔥 1inch
🔥 XVS
✅ Actually, the relation to Binance is the main reason why these coins just return to the accumulation areas, despite the other alts make -35-40% and go to the hell.
🚩 Traders, is this idea usefull for you? What do you think happen to Binance in the future? What coins do you recommend to buy at the bottom og the market?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
Bye Sam- We will be better off without you 👋 October 31st we had issued the last warning (of many) against FTX and the semi-retarded 'Mr' Sam Bankman-Fried.
The world of crypto is beautiful and it is here to stay.
Yes, Lunas and FTXs will arise and yes they will fall and disappear but Blockchain is here to stay.
So, farewell 'Mr' Sam. We will be better off without you. You opened the door for regulators to storm in, but that's also a good thing looking forward.
OCT 31st message:
☝️Eric Voorhees is the good side of crypto..
SBF and FTX are the BAD side of crypto.
The sooner SBF(Sam) fails the better for all of us.
FTX is bad news 👈🤢
Sam Bankman is the Mark Zuckerberg of crypto 🤮💩 🤮
If you have no time to watch all of it this is the 1 min you should watch
PS. I don't think Binance will be willing to bail them out, There might be more pain incoming but also opportunity arises. time to choose the GOOD projects that will STAY and invest in those.
One Love,
the FXPROFESSOR