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SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins. Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price. For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year. Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold. For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come. The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind. Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
by ProR35
#SOL/USDT 6h (OKX Futures)Ascending trendline breakdown & retestSolana printed an evening star below 100EMA resistance and is pulling back to it, a rejection seems likely from it. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 5.0% Current Price: 19.520 Entry Targets: 1) 19.649 Take-Profit Targets: 1) 17.691 Stop Targets: 1) 20.302 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #PoS solana.com Risk/Reward= 1:3.0 Expected Profit= +59.8% Possible Loss= -19.9% Estimated Gaintime= 5-10 days
Short
by TradingOn
This is the Bottom $btc Bitcoin Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear market bottom showed no journey into sub .786 levels, which again would almost certainly be the most optimal long entry point (low end of .786 and anything sub.) Further, THE MOST SIGNIFICANT RISK to take in end of the year 2022, would be an under exposure to the brave new asset, or stocks in general as the fed is forced into dovish expression. the fed has a money printer
BNC:BLXLong
by xueq
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX: The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for BNB Binance Coin is $184. Looking forward to read your opinion about it!
Short
by TopgOptions
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions
BIT BitDAO Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for BIT BitDAO is $0.32. Looking forward to read your opinion about it.
BShort
by TopgOptions
ETH Ethereum Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for ETH Ethereum is $1310. Looking forward to read your opinion about it.
Short
by TopgOptions
BTC Bitcoin Price Target after Court approves FTX Liquidation Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for BTC Bitcoin is $23700. Looking forward to read your opinion about it.
Short
by TopgOptions
🔥 SOL Bear Flag: Preparing For The Next DUMP 🚨With the market seeing a lot of weakness lately, I'm starting to look at more bearish trading opportunities. In recent analyses I've stated multiple times that my expectation for the remainder of 2023 is bearish. With BTC falling, it's likely that alts will follow. In this analysis I'm looking at SOL's rising wedge formation that also functions as a potential bear flag pattern. In case we break out bearish, a major bullish support has been broken and more selling is to be expected.
Short
by FieryTrading
18
It's Hard to Ignore The Price Action of SRM at These LevelsSRM is the native token to FTX's DeFi Exchange Serum that is run on the Solana Network and I have Been Eyeing SRM around these levels for several months now and while I am Bearish on the Macro, something tells me that we could get some positive FTX related news soon and if we do, it would make sense for this 1.618-1.902 Fibonacci Extension Area to hold. If it does, I think it could at least go back up to the heart line, but it could do much more. We have some Bullish PPO Arrows in this area so that's a good sign already. I don't have much of a stop loss for this trade as SRM is way too volatile, but I personally will be sticking with buying some spot and risking small amounts of leveraged money at these areas just to see if I can get anything out of it while using the 1.902 as a general cutoff point.
SLong
by RizeSenpai
CULT DAO WAVE 5 LIKELY INcult dao wave 5 is likely in been waiting for the last move down and we got it. If we place the fib time tool at all time high and the bottom we get very interesting dates. First date between 0.5-0.618 is the Bitcoin halving and the second date is October 2025 when the next Bitcoin cycle top should be in , if history repeats. 0-1 Pre halving rally back to 0.618 1-2 Halving dump , this happens before or after halving , around that time basically 2-3 A break of all time high to 1.618 3-4 50% pullback into November 2024 , last pullback before bull market 4-5 last wave , the next crypto Bull market which should top out October 2025 The fact that this time fib sequence has aligned so well with the ones I'm following with Bitcoin is a good sign , if this prediction is correct 7000% in 800days.
Long
by Sporia
4
Bitcoin - Balance Amidst FUDDigital currencies are not something you should be fundamentally bullish on, because this current generation of "decentralized" tokens that are really centralized in the hands of a few co-opted developers and a number of Chinese Communist Party-linked miners and entities aren't intended to be kept. What's intended is for a global system of Central Bank Digital Currencies to replace all existing national currencies, becoming the "One Ring." If you don't believe it, FedNow is already live and settling transactions instantly between US banks. Another reason you should be bearish on crypto fundamentally is because it's a part of the CCP's shadow banking system used by the Triad and United Front Work Department to corrupt and bribe and fund foreign influence operations. Xi Jinping is responsible for all of this if he fails to throw the CCP away and return to tradition. And Bitcoin is also implicitly bloodied in the 24-year-long persecution of Falun Gong and its organ harvesting campaign conducted by now-dead former Chairman Jiang Zemin and its Shanghai (Babylon) toad faction. Bitcoin won't be kept. If there are digital currencies in the future, it will be JP Morgan's proprietary Ethereum fork, which SWIFT itself has been piloting a layer on top of for what's coming in the future. But since we're a ways away from that yet, there's a number of opportunities that still remain here. I'm focusing on CME Futures because Binance and the spot exchanges don't matter. If you were around in '17 when CME/CBOE Futures launched you know everything changed literally the minute futes markets opened. This declining trendline stuff is going to get taken out. It should get taken out pretty quick too, with CPI and FOMC pending on Tuesday and Wednesday. And so with the dump on the news of "market makers extracting their liquidity" or whatever it was over the weekend and the Friday night dump that causes futures to re-open gapped down we have a setup. The call is that the MM will raid the $25,000 psychological level, which takes out the June Low of the Month where long stops will be triggered. This will take longs out of the game and prevent them from selling to buy orders around $29,000, which is where the big cowboys want to get short. They want to get short because we're going back to $16,500, so everyone can capitulate for a few months, before the final coup de grace that has been arranged somewhere around $55,000. So you want to keep a balanced perspective amidst this FUD surrounding Binance getting sued. Tether won't be destroyed until Bitcoin is flirting with $50,000 again. You get an 18%~ long opportunity to $29,000 with a 4.78 R/R if you regard the $24,000 gap to be poison, because after all these months, touching it again is probably a harbinger of doom. And then you can use those profits to finance a stop loss for a short from $29,600~ all the way to the bottom and on a time frame that is probably two or three months at most. What I really want to say to everyone who's been involved with crypto is this: You need to wash your hands and practice social distancing from the Chinese Communist Party. You need to quit the Party and make up for the bad things you've done to help that regime and its persecution of the entire human race continue all these years. If you don't, it's not just your bank accounts that will suffer "cascading liquidation."
CME:BTC1!Long
by LordWrymouth
1
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$. Therefore the next move from here is going to be higher. FTTBTC is showing massive bullish divergence and is slowly trying to reverse its bearish trend. Putting a small amount in FTT and forgetting about it, like a mini investment or long-term call option, is probably a good idea.
CRYPTO:FTTUSDLong
by BitcoinMacro
2
The Potential Revival of FTX: A bet on FTT - FTX 2.0Hey guys, my idea on FTT got banned. This is a repost of the idea without the part that got it banned. I initially shared the idea when FTT was at 1.32$, and it's now at 2$. In case they unban it, this is the idea. That's the link to my idea My only other proof is the screenshots I shared, but that's the only thing I could do. I am quite upset because it was a perfect idea right before the announcement that efforts to revive the exchange were official and the process was on. I tried to contact the moderators here, but they insist that because I shared a link, my idea had to be banned. My idea got banned because I mentioned the account of a coalition of some FTX creditors who have been trying to resurrect the exchange for months. Again, I don't get that policy, especially as Tradingview allows people to share links on these ideas, but these are the rules. All I have to say, is if you are sharing any ideas, make sure you don't share links from outside sources. The 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. 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.
CRYPTO:FTTUSDLong
by BitcoinMacro
FTT chart analysis FTT / BUSD The coin made a new low last few days and recently reclaimed the its key support (Stoploss / liquidity taken )Many coins make such move at the bottom before major rise The price must hold above blue support in weekly basis otherwise it will drop again Note 1: trading this coin is considered a very high risk so if you want to trade it use small amount with strict risk management Note 2 : any fundamentals news (good or bad about FTX will have great effects on price action Many asked me about TSX:FTT hope this helps Thanks
F
by Babenski
39
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). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:FTTUSDLong
by InvestingScope
3
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...
FTX:FTTUSD
by EW4X
2
BNB: THE FALL TREND OF BNB below $200According to the latest study, there is a strong likelihood that BNB (Binance Coin) will experience a downward trend, potentially reaching a new low within a short period of time. This prediction is based on the previous trends of BNB, taking into account technical aspects of the cryptocurrency. As per the update, it is expected that BNB will drop below the $200 mark. The analysis of BNB's price history reveals that it started at a value of $8, and since then, there has been a significant increase in liquidity volume. However, when a considerable portion of this liquidity decreases, it can have an impact on the price movement of BNB. This is not trading advice, manage always your trades and risks well.
Short
by Goldenbreakout
A Wolf In White Knight's Clothing - The End of A CartelThe saying is usually "a wolf in sheep's clothing," but you'll see why I reworded it a little further down. The above charts show TRX (Tron) and BNB (Binance Coin) side by side, in what I believe to be distribution ranges after breaking uptrends. Distribution is how these players achieve profit (selling to prospective buyers). I think they will eventually break down massively. If they do not, it means the infinite money scheme, despite its glaring obviousness, has continued to work. All eyes are on them now, so there may be a limit to what they can accomplish now. This is why I think it's very important to pay attention at this moment. Yesterday, I noticed enormous stablecoin outflows from Binance to Coinbase. These were mostly USDC, which is recognized as legitimate in the United States. My speculation is that Binance and other players in the crypto cartel are extracting capital from the markets using liquidity generated by artificial/counterfeit stablecoins, such as USDD and BUSD. USDD is the stablecoin on the Tron network, while BUSD is the stablecoin on the Binance chain. The collapse of FTX of course was probably inevitable, and CZ knew this. In order to distract the market from the larger scheme, he appeared as a "white knight," or a person who appears to come to the rescue, but is only serving self-interest. He is a wolf on the hunt, not a white knight, and certainly not a sheep. CZ (Binance) likely had no intention of buying out FTX, and used the liquidity generated from the pump to dump BNB on the open market. In a similar move, Justin Sun (Tron) allowed some funds to be withdrawn from FTX through the TRX network. Why? It benefits token values and allows for exit liquidity. However, this is merely forced demand. If Binance monopolizes the crypto space, they have cornered the market. This is clearly not decentralization. Now, let's say Binance and other exchanges hope to keep running. What do they need? Buyers. By the very nature of the speculative market, no single player can admit that things are going wrong, or that things have little intrinsic value. If they do, prices will be sent cascading lower in the blink of an eye. Instead, it needs to be a slow unwind. That's why the above charts are significant. At any moment, they could meet the same fate as LUNA or FTT. This is because I think it is very unlikely the crypto market will attract the authentic buyer liquidity required to keep Bitcoin miners afloat and the cartel running. Eventually they will need to decide enough is enough. I think CZ's "white knight" behavior may, in hindsight, be the signal. Will they get away with it? After so many billions extracted, one must wonder - where is all that money? This is my opinion, and not meant as financial advice. This is meant for speculation and entertainment only. -Victor Cobra
BINANCE:BNBUSDShort
by VictorCobra
8
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FTTUSDLong
by TradingShot
13