Long $FTT. Simple Risk/Reward Play. [#TheCryptocracy]FTT will definitely outperform BTC in the short term, and I think it will breakout against USD as well. I am using this as an opportunity to get some ez btc & usd via leveraged longs, and have set a tight stop below diagonal support. Looks prime to me overall, and it could be a potential bottom w/ a inverse head and shoulders, making this play a great entry for long term until proven otherwise. NOT FINANCIAL ADVICE. DYOR! GL :)
#TheCryptocracy
FTX
CHANGED MY PLAN - IM NOW LONG I changed the plan of my last trade (look at my last post) because of the 3 suspiscious wicks on the daily chart, because of the trend in the recent day (15m chart) many traders are trapped there and cant get out of there position i think the target of capitulation isnt reached yet, i am seeing that capitulation is about those highs. thanks.
After calling the low in #Litecoin back in June 4th to $40...
we are due a nice rally
Back to the old funnel area of $65
After first calling a break to $80
and then the (most likely) final bearish continuation patterm
I am no longer bearish!!!
And I am currently long #Litecoin
avg entry price $50.61 via futures contracts
FTT - FTX Token LongFTT is at the important zone now in the daily timeframe. The price has been falling about 70% from ATH, while this drop is 90% or more for most altcoins.
Additionally, it has a double bottom and almost a higher low in the lower time frames, so it seems to be good to buy for the mid-term and long-term at these prices.
FTX/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
On this chart I want you to look at a few things.
From the ATH we've dropped about 73% so far
A lot of the coins I've charted for you has gone to the 82% or more area. On the fib retracement, if you look at the white lines, below the 0.236 fib level
where the purple circle is; That is where majority of altcoins have retraced to so far. This coin has a high possibility of going below the 0.236 fib as well.
RR: 7.4
Possible Upside: 459%
Possible Downside: 65%
FTT FTX- Fundamental strong token that is backed by a working company.
-They don't compete for L1 place or usability, speed, etc. Just revenue.
=> On the chart you see the RSI Daily moving inside a channel, leading us we should buy when it hits the lower boundaries.
=> We can expect a bounce from 19.3$ till 21$+
=> If BTC bombs below 18k and goes to 16.5k or lower, ftx might drop on all the Red support levels I've drawn.
=> Last support is 11-10$.
=> That is the absolute accummulation zone but I doubt it goes there. Only btc, eth and ftt are down 70% from ath, the rest of the top 100 coins are -85 and more, make your choice.
Thanks, cheers )
FTTUSD: $45 if this pattern plays out.Hello All. Looking at FTX on the daily timeframe we see a formation of a descending wedge pattern which is a bullish cart pattern.
We see that the price broke bullish out of the descending line of resistance and currently sits above the 21 day MA.
The price target for this bullish breakout sits at $40 which is a potential 45% move towards the upside.
The $40 price is also a psychological level and also the previous resistance; so keep an eye on.
Happy Sunday...
Thanks for reading, and stay tuned. Enjoy.
BONE is the NEXT BNB-ETH if Shibarium is successful! 1000xShibarium will be the next layer two solution related to ETH. I have some hope about this project, if Shiba Inu is succesful and its blockchain is live, it will means that probably Shibarium will be too.
ShibArmy is one of the most strongest community in all social networks, and BONE is basically its heart from Shibarium.
I bet on this project, and I am sure, that it will be successful. I bought from previous bottom, load your bags, and NEVER FORGET keep your risk management.
Invest what you could lose.
Walk and forget about the market.
Target: 400, 500+
JB.-
(See KingShiba too, is great project).
FTX Token Bullish Divergence (55%+ Mapped)We have a very strong bullish divergence with the MACD and RSI on the FTTUSDT chart.
Notice the recent descending channel on FTTUSDT.
Here is the MACD, ascending channel:
Here is the RSI:
And Dogecoin (DOGEUSDT) went ahead and started moving right away.
You can check also Cardano (ADAUSD), Comos (ATOMUSDT), Bitcoin (BTCUSD) & more by visiting my profile.
www.tradingview.com
Namaste.
Compound Bottomed Out! 230% Potential Profits Next!We are looking at Compound (COMPUSDT) and after two days of bullish action finally a break above EMA10 happens, signaling that the bulls are now in control (candle closure needed for full bullish confirmation).
Notice that the trading volume is still at basically zero.
The RSI made a strong jump and the MACD is showing a bullish cross.
Once the volume comes in, the value of COMPUSDT can have a sudden jump.
It will be fast.
It will be profitable.
It is entertaining and fun.
Buy. Sit back relax watch and enjoy.
Namaste.
Trading Signals (30% gain in 5 days)Hi guys,after this glorious trade on ETH (30% gain in 5 days) we decided that we want to share our nicely working algorhythm to a wide auditory.
In order to be a part of it and to make sure that youre mostly on the right side.
This is a page for traders which dont want to be all the time in the markets,c but for traders which want to be in, when the "party" really begins-
So make sure to be a part of it as we will update the signals we post with Take Profit alerts aswell as when we Exit those Trades.
This is of course no financial advice
See you soon guys
PyjamaTraders army is building up!
FTT | Ready to Bounce Back..!!
#FTT/USDT (Update)
Descending channel Formation in Daily timeframe..!!
Looks Like Bottomed out, Ready to Bounce Back..📈
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Runeusdt (THORChain)If you look at my previous analysis, I analyze very simply and I do not use any special complexity
I think the path is drawn and The M pattern is evident in RSI and its Chart.
Given that it was delist from the FTX exchange today.
If you buy from the specified point, the first step can be good...
It is not financial advice to be on your strategy