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FTX

Bitcoin reclaiming the rangeonly an hour to go on the daily close and we have crossed back above the current resistance and 618 retracement from ATH. A solid close above here could confirm the bulls are back to keep us about the 50k level and find new support to now trade the 50-60k range over the next month or so. Expecting Bitcoin dom to climb a little but only short term as the bullish sentiment will bring confidence back into the alts as people begin to reaccumulate there alts.
BITSTAMP:BTCUSDLong
by DeNomics
8
Bitcoin range getting tighterWas an interesting night with Bitcoin forming a Higher High in this tightening range but we where still met with resistance from the previous high of the trend over the last month. The rejection or double top wasnt ideal to see this continue further as its not confirming a potential distribution through this tightening range. How ever a tightening consolidation like this can also become an accumulation phase and break to the upside reclaiming that range between 50-60k which would be nice. Not banking on it though and been sitting in a hedged short for a while expecting price to fall from here, weather its a drop back top 30k or maybe around 42k for a mid term market correction we will just have to wait and see.
BITSTAMP:BTCUSD
by DeNomics
4
Axie Infinity moving into a SQUEEZE AXS/BTCAXS has been pushing into a squeeze with this pennant forming over the last few weeks, and there is normally only 2 outcomes from this pattern. If the hype is still around this coin then I would expect a push upwards and because of ATH levels I would be using a trend based fib to find some hidden levels, which also lines up pretty well from the measured move of the last impulse. If the hype has dropped or moved onto another coin for now then I would expect a significant pull back on this market, its had a solid run so a big pull back is due.
Short
by DeNomics
Polkadot DOT/BTCDots had a solid run over the last month, i only traded this on spot and was happy to ride the waves, how ever im feeling a possible retracement coming at the moment. We have hit a level of resistance and after the run we have had and the 3 impulsive moves, I would be expecting a descent market correction over the next few weeks. Bull case is a sharp and short term pull back met with a continuation of this current momentum, breaking the level of resistance and pushing higher for a new target. Bear case is either a much deeper retracement or we double top at resistance and head back down to the EQ level between the 50-618 retracement of the entire run. I would still consider that to be some what heathy market structure but not something I will hold onto. Basically for this position im watching closely on this short term pull back, if there is a lot of selling i may take my profits early and let it cool down, if the selling is minimal and the pull back is slow, then ill hold my position and watch closely at a potential double top.
by DeNomics
FTT/USD go to ATH soon? FTX is my favorite exchange and it become stronger and stronger. And I like FTT token too! If we look for the FTT/USD pair, it is similar with ETH/USD. - Cup with handle pattern - Fib 0.5 very strong support - Weekly MACD candle is green - Build up more than 3 weeks FTX is growling fast and which is a innovation crypto exchange, it also is a long term project to me. This is not financial advice. Just my point of view. You're welcome to leave your comment if you want further discussion.
FTX:FTTUSD
by cryptotraderman
1
#FTT to $164 | FTTUSD #FTXHello Padawans, First of all, I request you guys, do not take this analysis as a piece of financial advice, DO MORE RESEARCH, DO MORE ANALYSIS!!! FTT is a good project to me, FTT is a token that serves as the backbone of the FTX ecosystem. The token is intricately designed to increase network effects and demands for the token, while also helping to decrease its circulating supply. #FTT to FTX, looks like #BNB to #BInance. This is a small analysis, I tried to figure out some patterns, I placed the fib, and later I have got those results. Extensions 261.8% 164.2616 200% 138.25 161.8% 122.1716 138.2% 112.2384 100% 96.16 61.8% 80.0816 50% 75.115 38.2% 70.1484 23.6% 64.0032 Let's see what will happen in cryptoverse. To FTT to reach $160 BTC should stay above $65000 level(Its ATH). Cheers guys. May the force be with you.
FTX:FTTUSDLong
by CryptoObi
FTT Ready?FTT is one of my favourite altcoins, with a great future ahead. Now looking short term FTT is approaching the resistance after a series of higher lows creating a triangle. It might have one last rejection at the resistance before breaking it in the next 1-2 days. 25% profit ahead reaching the old ATH and probably temporarily violating it reaching $63. Bullish signs of a possible successful breakout are: - Bullish engulfing in the last support - VMA providing momentum and support on the breakout - bullish cross on the Stoch RSI (daily) Wait for a breakout for a safe entry with a stop loss below the last low (aggressive) FOLLOW ME, SHARE, LIKE AND COMMENT. If you have any questions feel free to ask.
FTX:FTTUSDLong
by CFcryptoTA
3
BNB looking solidBNB much like Ethereum had a huge pennant play out on the higher time frames against bitcoin which broke out over the last few weeks with descent conviction despite relatively low volume. Market is having a little cool off but respecting a equilibrium level at the moment how not ruling out a sharper pull back to around the 382 fib line. If the trend stays in tact and can break the current high then looking at the supply block for another descent market correction on BNB
Long
by DeNomics
Aave in a rangeA fair few crypto currencies are currently stuck in a range against BTC at the moment but showing bullish signs. Still a bit to clear yet but the momentum is pushing these coins to the upside towards the resistance of the range. Chasing the trades from here could be lo probability but the confirmation of a break out of this range could see us move higher with an impulsive if it can reclaim resistance as support. Downside potential is breaking the lows of support of this range and possibly forcing price towards the next support, unless we get a bounce on the bottom of this range. Overall the bulls are on the side right now but dont be expecting fireworks until we break the top of the range so could just be a short term trade for now.
Long
by DeNomics
Bitcoin short term tradeLooking for a short term trade on BTC to see if its going to respect this current trend. Invalidated if it breaks and Ill continue to ride the short lower but using subaccounts on FTX im abale to take advantage of a short term long opportunity for now Looking to use limit orders to pick up a position a little lower on trend and then ride up and manage through previous resistance, but i feel if this trend stays respected then we could be heading into the new range of 50-60k offering a much higher RR on this trade.
FTX:BTCPERPLong
by DeNomics
2
Chainlink One of my favorite patterns to trade is over a down trend when we start to form new structure and come up to a level of resistance. This type of move often gets squeezed into a wedge when the bulls continue to push price higher whilst the resistance sits still. After being hit numerous times the resistance level can some times break and we are met with impulsive price action. I personally like to get into these trades much earlier than waiting for the break so Im taking a position off trend now so that if we get pushed into the squeeze and we still cant break to the upside that I have plenty of time to exit the trade and still retain some profit. This could take a while to play out so im in this as a spot trade for now and happy to sit on it for a few weeks assuming bitcoin holds support above 50k.
Long
by DeNomics
2
FTT run babyThis little Gem has been great to me all year since moving over to the FTX trading platform for many reasons. I loaded up on FTT tokens for the benefits in fees but also a little bit on top because....well its an exchange token and often these things run hard. We have seen a pretty clear Inverse H&S on the daily from the previous ATH for a nice V bottom recovery and have since broken the neckline and now building a juicey bullflag on the neckline as support. Its not a huge run to previous high but i also feel that will break quite easily sending us into price discovery once again which could get super interesting. Strapped in for now lets send it.
FLong
by DeNomics
1
Bitcoin could be ready to moveWe have had a solid rally in BTC over the past month when it comes to price action but the main thing im weary of is the lack of volume. This can be a classic retracement from the original drop back in May as we have had some seller exhaustion as the bulls took back over the game temporarily. The price action could simply be a case of low liquidity, generally if there isnt a lot of volume or liquidity we will have higher volatility which is exactly what we have seen and now Bitcoin is sitting and a short term Supply block which is also the over head resistance from the range between 50 and 62k from earlier this year (Think darvas box theory). Bear case is this resistance is strong and it was just a retracement from the original bearish trend and we either have a significant market correction back to the previous range high around 40-42k or worse case break that level and retest that 30k support possibly becoming range bound again and seeing a lot of alt coins bleed in sat value from uncertainty. Bull case would see us chomp through this supply block and head back into the 50-62k range which could be a great bullish sign and confidence for people to get hungry again. We have also seen the 50/100/200 daily ema all cross and align in a bullish trend which could give more confidence to the bulls (although these can just as easily cross back over so dont put the house on it) For now im playing it safe as I'm already long and have hedged into a short position now waiting for the reaction at this level. If we fail to break through ill leave the short open and look to manage position around 42k and re asses if we are going to drop low into the 30k range again. If we break through this supply block invalidating my short ill close out and take the hit and continue to ride the long into the 50/60k range and re asses then.
BITSTAMP:BTCUSD
by DeNomics
2
SOLANA on the breakLove trading this coin as it often has solid trends and good price action that often offers high Risk to Reward for my trading style. A lot of the ALTS have been breaking out of consolidating ranges with Bitcoin over the last few weeks and Sol more recently had a break out from this bearish structure to now form solid Higher Highs on the daily. Im trading this on spot at the moment with a healthy position back in that consolidation wedge but looking to take another entry on the perp contract if we have a descent pull back over the next few days to run price up to previous highs.
FTX:SOLPERPLong
by DeNomics
2