FTTUSD
FTT UPDATE 18jan24well hi there my greedy friendz!
just quick update and idea
in general, I watched the cartoon Gintama (I love anime, yeah) and glanced at the FTT chart and, as in Japanese animation, saw an interesting twist:
FIRSTLY,
adhering to the old plan, we are in the Wave B of ABC correction and its a Mr.T, az I can see at MACD and RSI indicatosz behavior. Now Mr.T. is being formed with an exit upwards, after which we will go down to buy zone (preferably)
SECONDLY
as a backup plan, the correction could have already been completed and we are growing upwards through the Zigzags of the Leadin' diagonal (no matter ZZ or DZZ) - and its BAAAD COZ I WAS THE GREEDIEST PERSON I ADMIT AAAGGGHHH - my entry iz about 3.5 damn it!!! breathing heavily
THERE IZ A THIRD OPTION actually - look clearly and boost if u find it
so, well, as Elliot bequeathed, don't wishful thinking, analyze the structure- that's what I'm going to do. Orange color - ALT count.
Ideaz are clear, will see what will be next, untill then
TAP DA BUTTON if u UNDERSTAND what I mean
or
spare some coin in signature if u don't :) - I will eat at least
FTT update 27.12.23: The #*i@ originDo you know what I dislike the most? Corrections. These tricky zigzags, abstruse combinations and treacherously dangerous variations 1-2.
Especially when the market seems bullish.
More than that, I don't like all kinds of influencers, with subscribers of 5,000+ people, who interfere with rational thinking. Actually, this time it turned out that way (last time I listened to the "expert" from BIG TIME(you can see this in my post about bigtime)). They throw you off the right course and it's annoying.
BUT that's enough, I'm going back to the basics.
if you follow my FT review, you may have noticed that I considered 2 options: bullish and correction to the $2 zone. I'm coming back to this idea, a $2 correction, through a FLAT. Look at the graph, you can see everything there. do the math yourself, if you know Elliott's theory. If not, then follow the drawing.
The attractive madness of the ancients is growing and their voices are being heard more and more vividly in the mouths of hamsters. I'm buying an alts, they say. We'll see.
I also bought and will buy more, but... below :)
PEACE! WAR! Neutrality!
Is This a Joke? FTT Pumps After SEC Chair Said FTX Could Reboot.
FTT has surged amid a potential restart of the FTX after SEC chairman Gary Gensler said that the exchange could reboot if it follows rules. The SEC chairman stated in a CNBC interview on November 9 that if anyone wants to do it, “do it within the law.”
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FTTUSD: Strong sell.FTTUSD turned vastly overbought on the 1D timeframe (RSI = 84.499, MACD = 0.086, ADX = 31.969) as on today's incredibly strong candle, it hit the bottom of the R1 Zone. This is the best sell entry on an 11 month basis. We are targeting the HL trendline, not lower than the S1 level (TP = 1.15000).
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Hi, I see A very good Swing trade opportunityHi, I see A very good Swing trade opportunity
Risk Reward is very good
Some of you will say FTT is doomed, will I am a chart analyst, and there is a very good sign of accumulation in the chart.
The SL is around the corner (-15%) with almost 700% possible gain , so it worth the risk.
good luck every one
$FTT FTX CUP AND HANDLE Pattern!TSX:FTT ftx price action is now printing a cup and handle pattern after finding support at $1.
Only two things can happen:
$FTX neckline resistance above is btw 1.20 - 1.24
Price action can continue to to neckline resistance to complete the cup and handle pattern and proceed higher.
Up resistances: 1.1, 1.14, 1.33, 1.38, 1.45, 1.54, 1.62. OR
Or retest lower supports: 1.00, 0.95, 0.86
#FTX Current Price: 1.06
FTTUSD Rebounding off the 1D MA200 and targeting the 2023 High.FTTUSD, the FTX Token, held the 1D MA200 and since yesterday it is rebounding with aggression on a 1D timeframe that turned bullish again (RSI = 61.498, MACD = 0.102, ADX = 42.568). As the LMACD is about to form a Bullish Cross, this leg is the second wave of the rally to the R1 we spoke of last month. We are therefore adding an extra long, targeting the Resistance (TP = 2.7000).
Prior idea:
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The Potential Revival of FTX: A Bet on FTT - FTX 2.0Another fairly simple idea... Buying FTT with the expectation that FTX 2.0 will be launched. Some major players in the crypto space are pushing for the relaunch of the exchange, and this account is from a coalition of FTX traders that want to revive the exchange. twitter.com
I believe that the exchange can be relaunched. Why? What would be the benefit? It would be a clean slate. No issues with regulators and a huge customer base. If the FTT token remains, then it wouldn't be a security.
Relaunching the exchange when other exchanges are under pressure and the SEC is cornered is the best time to do it. It's one of the ways to give money back to customers slowly and have people trade on it. Allowing creditors to trade their claims, distributing illiquid holdings rather than selling them for nothing, and having a solid community that wants to see the exchange succeed would greatly benefit everyone involved.
As I mentioned in my recent ideas, the SEC is cornered; they will try to do anything they can to regain trust and stability. For example, they 'postponed' a fine on BlockFi to help their customers get more money back. With many new traditional firms wanting to enter the game, it would be easy to sell FTX and have it relaunched. The SEC has done a lot to damage ordinary crypto users with all of its mistakes and aggressive policies, and it is now at a point where it will be forced to soften its tone.
Maybe FTT goes to 0 if the token becomes useless either because the exchange isn't relaunched or if it's relaunched, it's relaunched without the use of FTT. However, if it is used for anything, if the exchange relaunches, it could rally hard from here. Under new management, it could even trade back to where it was before the collapse. Overall, FTT is a potential 5-10x from here, as it's trading on most exchanges outside the US, isn't trading on US exchanges (won't be delisted), and probably won't be deemed a security by the SEC.
To close things up, FTTUSD is in a range. It first took out its high at 3$ and then its low at 0.8$. Therefore the next move from here is going to be higher. FTTBTC is showing massive bullish divergence and is slowly trying to reverse its bearish trend. Putting a small amount in FTT and forgetting about it, like a mini investment or long-term call option, is probably a good idea.
FTT wants to break accumulation zoneFTT / BUSD
We made 166% profits from absolute bottom in my last analysis about #FTT , check here my old idea :
Here what i think now :
the movement is too strong , price wants to breakout long accumulation . And if that happens a movement like BCH will occur (Only a valid breakout to make such movement )
We need good news/announcements about FTX to fuel this pump much more
Note : trading this token is risky
I think FTX will make comeback at somehow
Do you think the same ? Share with me in comment section below ⬇️
FTTUSD First time touching the 1D MA200 since April 2022!The FTX Token touched yesterday the 1D MA200 for the first time since April 2022 turning the 1D technicals largely bullish (RSI = 67.207, MACD = 0.051, ADX = 48.882). This is a major buy trigger, which with the Support of the 1D MA50 can target the top of the 7 month Rectangle pattern (TP = 2.70000).
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FTT Resurrection - The Dead Cat BounceThey have a saying: "From zero to hero".
FTTUSD did the opposite: "From hero to zero". :))
Actually, the same potential rug-pull as LUNAUSD & USTUSD did..
It's doomed, dead coin, money gone, investors and holders smashed.
Or is it?
What if a miracle happens?
Do you believe in miracles?
Remember how LUNC & LUNA somehow still managed to get a pulse?
Remember the Covid Crash, and how Crude Oil USOIL hit $0 and minus on futures?
The Dead Cat Bounce Technical Analyis:
* Elliot Wave Flat Correction: Primary A-B-C (red)
* Harmonic Pattern: Bullish Cypher
* 88.6% Fibonacci Retracement
* 200% Fibonacci Extension
* Demand Zone
Can this deliver at least a Dead Cat Bounce move?
Or is this coin gonna be wiped out?
What if somehow it's gonna be rescued?
It will be the biggest come-back in the Crypto history...
FTTUSD Hit the December Support, turning into a buy opportunity.The FTX Token (FTTUSD) has been trading within a Rectangle pattern since the December 30 Low, which was a market bottom that gave way to a +240% rise. This turns the token into a buy opportunity technically, especially since the 1D RSI broke above the ranged Accumulation Zone that has been trading in since May 12, while the price was still falling under Lower Lows.
The 1D MA50 (blue trend-line) is the short-term Resistance, while the 1D MA200 (orange trend-line) the medium-term, which if broken can deliver a very aggressive rise as it has been untouched for more than a year (since April 17 2022). You can use it as a bullish break-out confirmation signal.
Our target is 2.8000, just below the 2.9000 Resistance and top of the (consolidation) Rectangle.
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Awaiting regrowth FTTKUCOIN:FTTUSDT
With the investigations done in terms of time analysis, we determined two dates for the rise (green color) and two dates for the price drop (red color) in the chart.
We expect the price to start increasing when it reaches our target date.
Part of the chart is repeated from the past
FTTFtx relaunch in next 30 days. FTT will rise again and go to 5$.
They have on their hands almost all the debts that they owe.
Nobody expects such an outcome. Everyone thinks this is the end. But everyone is wrong.
Binance pretends that the token is on the verge of delisting) Binance is one of the largest holders of the token. And most of all are interested in restarting of FTX.