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FTX

WHERE IS THE BITCOIN BOTTOM?? IS IT ALREADY IN??So the FTX mess really destroyed the potential that crypto had to rally. The DXY broke down as we predicted hitting our third target on Friday, letting the stocks and currencies rally against the dollar. However, crypto was left out of this rally because of the FTX mess. So where is the next opportunity?? After not holding 19600 and breaking the 18500 support that we held for over a month, BTC looks to head lower and is in the middle of nowhere. - As long as we're below 18500- 19600 we are bearish until we reach 12200- 13000. THERE IS NOTHING IN BETWEEN, any long from here would be pure gambling and not a profitable strategy in the long run. \ WHAT TO DO? - Hold on to your money until a trade opportunity arises, which will either be a bullish edge at around 12k or a bearish edge between 18500-19600. Moreover, - We have massive support as shown around 12k. We also have the PCZ of a massive bullish sark around 11.2k, where we could wick to should we head to 12k.
COINBASE:BTCUSD
by SynergyTradingSetups
History of MT Gox Bankruptcy 2014 VS FTX Bankruptcy 2022let's imagine with the concept of a wild conspiracy theory and match the events that have occurred. In 2014 Mt.Gox was hacked and declared bankruptcy. This incident occurred after the bull run at that time and through a bearish season for several years. In 2022 the fairly large FTX exchange went bankrupt which occurred in a bearish season. all events in the light period have more or less the same pattern and why did the big event happen after the bullish season? Was this all pre-planned?
BITSTAMP:BTCUSDShort
by captvicky
4
🔥 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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
25
DOGE, Something Happened in DogetownDoge broke out from the descending widening wedge which started with the peak on November 1st. This is an odd behavior considering the catastrophe that befell crypto. But maybe there is speculation that Elon will buy FTX pennies on the dollar, renaming it Dogetown, saving crypto and FTX at the same time and pumping Doge. The first target is 0.119, this is the measured move of the descending widening wedge. RSI is on the rise and seems to be following an ascending trendline. The orange path is from an experimental AI that I designed. I don't know how reliable it is, I drew the path based on its recommendation for back testing. There is of course the bearish scenario, where everybody lose trust in the exchanges and cold storage their coins and nobody is left to buy. In this case 2 cents inside the descending widening wedge is a viable target. 2 cents is the target of my idea below from one year ago. Don't think Elon will allow it.
Long
by nagihatoum
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.
DEFILLAMA:AAVE_TVL
by andre_007
DefiLlama: Total Value Locked in Blockchainsℹ️ This is a complementary study of the idea below, where I analyzed the TVL of the main dApps: Basically, here's a more macro view of DeFi ecosystems. Making a very crude analogy, dApps would be like the banks of the physical world, while blockchains would be the cities/countries where these banks reside. Total Value Locked in Blochchains Ethereum continues to reign isolated in the lead. Binance Smart Chain follows in second place, followed by Tron, AVAX, Matic, Optimism, Cronos, Solana, FTM, among others. Last on this list are Ethereum Classic and Ethereum PoW. The chart still does not show Solana's decrease, which is currently at $656.23m. I believe it is due to a delay. That's a 24% drop from the previous day. Now it remains to see the scenes of the next chapters.
DEFILLAMA:ETH_TVL
by andre_007
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.
Long
by RyanTanaka
6
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.
INTOTHEBLOCK:FTT_HODLERSBALANCE
by andre_007
FTT looks like it may trigger this weekly h&s patternIs FTT about to meet the same fate LUNA did earlier this year? Luna also had a pretty nasty looking head and shoulders that it validated a breakdown from. FTTs is similar although the full measured move is negative 42 dollars which isn’t possible…that doesnt mean the pattern won’t still trigger, it just cant reach the full target….it could very easily drop deeply enough to go multiple decimal point places close to zero though if what CZ from binance seems to be suggesting is true about it being worthless. Also a chance that if this did drop to several decimal places close to zero like luna did, that I could try to time it just right and go in on it right before a big dead cat bounce like luna had…then there’s also the chance that this is unsubstantiated FUD and the h&s breakdown ends up being a fakeout, but at the moment that seems like a low probability. Either way I’m not touching this thing. *not financial advice*
FTX:FTTUSD
by DrDovetail
21
SP500 Short, Final Leg Down to 200s?I wouldn't be surprised if a major geopolitical event is used to take the blame or worry away from people being down 80% off of their pension funds. Doesn't matter if it's engineered or not, as long as the event is present. It could come in weeks, but it's a throw-in-the-dart and a take from what I see happening the past few months. Be sure to hug your friends and family, just in case the nuke meme plays out. If it or the event happens, just breathe, save, and survive. It's not gonna be as bad as the fallout games, and I doubt the game master will let things get that bad to the point of losing/relinquishing control. Just merely a shakeout to justify fear and consolidate power in the right direction for humanity considering we're overpopulated. Hell, the drop could get delayed to the upcoming election cycle, but as we all know the FED is between a rock and a hard place to raise rates and crash the economy or let rates stay low and devalue the USD. There is a fourth option that could be a game changer which is to usher in a 4IR to stimulate the whole global economy, and systematically counteract/control the incoming crash. Crypto trojan horse, FTX, played out in an act to both consolidate financial power through CeFi and thwart US competitors from laundering money at the same time. Regardless if it blew up or not, the House gained an edge. Be it discrediting and devaluing crypto against CBDCs or understanding how and where the currency of state actors flows throughout the crypto ecosystem. 11-11 Chapter 11 for FTX Trade: Entry - 395 SL - 418 TPs - 320, 280
AMEX:SPYShort
by linebands
Bitcoin has lost 18180 support!This breakout to the upside could send $BTC to $14000 or lower, technically this is a valid short setup. In terms of fundamentals, FTX's bankruptcy risk is putting pressure on crypto markets after Binance gave up on its intention to rescue the non US FTX. SBF has apologized in a recent tweet and said that it was his mistake! $8 billion is required to save him from this bankruptcy situation, he is in discussion with investors but things are complicated as Binance said "FTX is insolvent"
Short
by dogofwallstreets
2
🔥-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!
by Yuriy_Bishko
4