FTX
BTC bearflag formation on 4HThis is what I am seeing. I see 2 possibilities here, as marked in orange and yellow arrows.
I do feel BTC might go put $42.8k and then start dumping from there - yellow arrow.
If this doesn't happen and if BTC moves up to $44k + levels, good chance of dumping from there - orange arrow.
In my opinion and given the news that is meant to come out in the next couple of days and the ongoing China FUD, the closing of exchanges in China etc. most likely scenario is the yellow arrow. Trade with caution.
I have a buy limit at $38k as I do not want to miss on it if it doesn't go below $38k.
LONG FTTPERP FROM 47 TO 50 TARGET 110FTTUSD has both fundemantals and technicals on his side.
Technically 47 when it will hit and bounce at 47 usd ftt will be having it's double bottom on the the overall pullback from 83.
technically a bounce from 47 usd area can lead us to the target area 120 to 130 USD.
but hey it's crypto, then fundamentals say this:
sam bankman is now free to pump ftx coin. Why? because he bought back binance dominance in ftx; if binance went from 9 usd to 500 usd with all the fuds against CZ I only wonder where Sam bankman will take his coin. In my opinion it can go far way beyond 1k by next year. Noticed how FTT pumped since they bought back binance shares in FTX?
So what's the plan?
I personnaly bought a lot of ftt on and i'm also trading a small part on margin. My Margin long will be 5X around 47 only if price bounces when it hits that area. If price goes UP from here ? no worry i'll buy at market at 52 and wait. the only problem will be fees.
Bearish scenario? Only if price BREAKS below 47 and goes to 1.618 area which is 41, and from 41 if we don't get the strongest rally in crypto's history then ftt is worthless.
what's the strategy from now? Wait today and tomorrow either 3 scenario happen
1. Hit 47 and bounce we buy after bounce around 48. don't buy before you see any reaction it would be gambling.
2. Price rallies from here this area at the moment of publishing is the 78% fibs from 47 usd to 60, then same strategy just fomo in or wait for a small pullback at 5min if you're too cautious
3. it breaks 47 USD and no reaction please wait 41USD and watch the reaction, something surprising might happen.
When take profit in case of pump? December baby, let it roll up down until december and just take profit at the end of the first week of december , we might miss out but better miss a few than see your profits melt.
Good luck to everyone
Time to go, TP 70.6Following 4h graph.
Broke and got confirmation for the descending line, now it's time to go.
We also got an RSI confirmation.
TP1 59.5
TP2 64
TP3 70.5
SL 48.7
ETH USDT LONG SWING TRADE | ETHUSDT | LONG @ 3050 - 3100 | TP @ 3150, 3200, 3250, 3300, 3350 | SL @ 2950 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
MKR USDT SHORT SWING TRADE| MKRUSDT | SHORT @ 2380 - 2370 | TP @ 2360, 2350, 2340, 2330, 2320 | SL @ 2460 | PATTERN = DESCENDING TRIPLE BOTTOM BREAKDOWN |
PNF chart on the hourly shows a trend reversal, DESCENDING TRIPLE BOTTOM BREAKDOWN.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
RUNE USDT LONG SWING TRADE | RUNEUSDT | LONG @ 8 - 8.5 | TP @ 9, 9.5, 10, 10.5, 11 | SL @ 7 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
FTT/USD - Long opportunity for 10%, resistance broken! 🚀FTT has broken the resistance that has acted in this role since early September. After several re-tests we finally broke it once we bounced on a good support level
Now we're making this resistance level support, should that succeed, I see up quickly moving up with a nice target at $67. Once there best to secure profits and re-assess.
We also have a resistance at $62, however that will likely not hold us much.
The indicators like MACD and RSI are also curving up nicely, hence we're building a nice rally here. Risk reward favors a long.
Good luck!
Like and follow if you liked this idea!
SNX USDT LONG SWING TRADE | SNXUSDT | LONG @ 10.5 - 11 | TP @ 11.5, 12, 12.5, 13, 13.5 | SL @ 9.5 | PATTERN = N/A |
Testing my first swing trade on TradingView, not my first swing trade ever. PNF chart on the hourly shows a trend reversal.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
BTC continuation downWe lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames.
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look
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New high in FTT coming?Timeframe 4 hours. Of all alt-coins, FTT looks clear and predictable for us. After exiting the current range, it is possible to update the global highs since the current range has been traded for quite a long time. Take 1 - 52 $ / take 2 - 54 $ / - take 3 - 56 $.
It is also wise to leave some of the position in case of tothemoon and a new high.
Bitcoin in a critical zoneI feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo.
this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty.
I feel we need to get past the key fib levels on this retracement to regain strength other wise its back down in a bearish continuation either to 44k or lower.
If it cant pop out of these levels and have a go at the 52k resistance, the market is over all in a bearish range.
FTX Token Struggles Near ATH As Bears Attempt To Pull It Down-FTT has risen over 20% the last week
-Price has formed an ascending channel over the last week
-FTT is being held up by the 50MA
FTX Token (FTT) is the backbone of the FTX ecosystem. FTX exchange has been rapidly growing over the last year along with its native token, FTT. FTT has experienced an immense amount of gains throughout the year as prices continue to rise along with the usage of the FTX platform. FTT gives fee rebates to holders of the token along with the opportunity to stake FTT which comes along with many benefits. FTX token can be compared to BNB in the sense that it is woven within each exchange platform which both offer incentives for the users.
Ever since the start of September, FTT has had an explosive run up to ATH. Since the 1st of the month FTT is currently up over 55% while it reached a peak gain of 80% just over 2 days ago. At the time of writing, price is attempting to regain its major resistance zone of $75-$78. If this is deemed successful, FTX token will likely spike back above the $80 value. Over the last 10 days price has began to form an ascending channel (light blue). Until a breakout of either trend occurs, FTT will stay put within the channel.
Since the beginning of the month, price has been holding above the 50MA very well. This MA can be used as a good gauge as to whether or not FTT is in an uptrend or not. At the time of writing, FTT is tangling on to the bottom trend of its channel formation. Right below this trend lies the 50MA. If bears pull price below its channel trend, the last chance for FTT to keep its uptrend in tact is this MA. In the case price breaks below this MA, FTT will likely be in a short term downtrend which will land prices back in the low $60s.
While looking at the Stochastic RSI, we can see strength has been stuck within the oversold region for nearly 2 days. Strength must bounce out of this zone quickly & break the 20 value to save itself from further downside. The MAs of the MACD have been floating above the 0 value ever since the start of the month. This is not the most bullish sign as these MAs always find their way back to the 0 value at minimum. A bounce off the 0 value will likely setup FTT for a push back into its major resistance zone.
FTT Intraday Analysis
Spot rate: $73.37
Trend: Bullish
Volatility: Medium
Support: $69.76
Resistance: $75.24