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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 Lionheart-EWA
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
FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX. > Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles. > For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried). > The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves. > After asking for evidence, the answer was indirectly dodged. Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens. As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk. It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles. > With this he poured oil on the existing fire and the situation could escalate at any time. > Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash. The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford. > Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. . We are, with the course, at several last SUPPORT levels. > Should these be significantly broken, it will be a fast descent! > If the rumors are true, this will additionally mean another sell-off for the crypto markets. RELEVANT LEVEL - 22.00 USD - 20.00 USD - 19.82 USD (SIGNIFICANT BREAK = crash) WEEKLY VIEW 3 DAY VIEW DAY VIEW > Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
FTX:FTTUSD
by ZielIstDieAutarkie
DXY to 88 ushers in the next Crypto bull runDXY has been experiencing a downtrend since October 2022. Usually, crypto is negative correlated to DXY. A bull run should have been initiated in November 2022 but the FTX Ponzi collapse artificially brought crypto down. Sam Banksman Fried aggravated the crypto dump by shorting first USTD and then ETH with customer deposits in order to salvage his Ponzi. Sam claimed that the remaining customers deposit that were not fraudulently transferred to Alameda and lost, were stolen by hackers after he declared bankruptcy. All these events have been verified by blockchain activity to whish the authorities in the USA are turning a blind eye. Currently, Sam is out of jail on 250 million dollar bond. It is a mystery how Sam came up with the 250 million dollars when he claimed in an interview that he had only 100,000 dollars left to his name post the bankruptcy. Sam now lives at his mother’s home in California with police protection. Sam faces 150 years in jail but Sam's next court appearance will be at the end in October 2023 and apparently the case will drag to 150 years as well. FTX manipulation of the market is clearly seen as the decorrelation of crypto from DXY in November 2022. In November, crypto should have started its bull run as I described in one of my ideas below. Since January 2023, Crypto has recovered from the FTX manipulation and is following the intended route that was lost in November 2022. For the last week the crypto bull run has paused because DXY bounced of support. However, there are many Alts that have done spectacularly in that last week. DXY has formed a rising wedge on the lower time frames, and this is likely to break down back to support. On the higher time frames DXY has formed a head and shoulders pattern, that if it is to breakdown will send DXY to 88. 88 is the measured move of the Head and Shoulders. If DXY falls to 88 it means that the crypto market will experience a decent bull run. In case of a breakdown of the head and shoulders, DX will most likely follow the fractal of its 2002 to 2004 dump. I have included the hypothesis that DXY bounces of the heads and shoulders support. In this case it will form a descending channel since DXY will remain bearish due various factors that I will explain later. This idea estimates in all cases a peak for the crypto market around April 2024 which bodes well with the crypto lengthening cycles theory.
TVC:DXYShort
by nagihatoum
12
BTC GROWTH, INFLATION and INTEREST RATEFundamentals and a bit of history Let's first deal with the fundamentals, what are inflation and quantitative easing? Inflation is the rise in the overall price level of goods and services in an economy over a period of time. With inflation, money loses its purchasing power, which means that you can buy fewer goods and services with the same money than before. Inflation can occur for a variety of reasons, including increased demand for goods and services, supply constraints, increased costs of production, reduced production, changes in exchange rates, and many other factors. Inflation can have a profound effect on the economy and people's lives, for example, it can lead to higher interest rates on loans, lower purchasing power, lower economic growth, and other negative consequences. Quantitative easing (QE) by the U.S. Federal Reserve (Fed) is a monetary policy that consists of buying government bonds and other assets in the market in order to increase the money supply in the economy and reduce interest rates. This program was introduced by the Fed in response to the financial crisis of 2008. Since interest rates were already at historic lows, the Fed began buying bonds on the open market to increase the money supply and lower long-term interest rates. This lowered borrowing costs and boosted economic growth. Since then, the Fed has repeatedly used quantitative easing in times of economic crises and lower inflationary expectations. However, while quantitative easing can help stabilize the economy, it can also have negative consequences, such as causing inflation and rising asset prices. Today's inflation cycle is directly related to the 2020-2021 quantitative easing program. In 2020-2021, the U.S. Federal Reserve again applied quantitative easing in response to the economic consequences of the COVID-19 pandemic. In March 2020, the Fed announced a new $700 billion QE program, which included purchases of government and corporate bonds and mortgage-backed securities. In November 2020, the Fed expanded the QE program by adding another $700 billion to buy government bonds. The goal of the QE program was to lower interest rates to support economic growth and stabilize financial markets during a pandemic. In addition, the Fed cut interest rates to near-zero levels and provided banks with concessional loans. The 2020-2021 QE program helped lower borrowing costs for companies and consumers, increased liquidity levels in the markets, supported economic growth, and of course caused prices to rise and money to decrease purchasing power, in other words, inflation. In the first half of 2022, the Fed could not turn a blind eye to rising inflation and resorted to the most famous instrument of monetary policy - raising interest rates. Raising interest rates in and of themselves is designed to reduce credit and consumer spending on goods and services, which in turn should lead to lower demand and then lower prices on the supply side. In the supply-side price reduction phase, technology companies and companies whose business model was designed for a low-interest growth market suffer the most. Let us remember Terra/Luna, Celsius, 3AC, FTX, and Voyager. These companies went bankrupt precisely because of the factors of reduced demand for the crypto asset market in general and flaws in product and business models, all of these companies in 2021 and in 2022 were the same, but it is the reduced demand that is destroying them. Current status So, back to macroeconomics, up until today all markets existed in the rhetoric that prices were rising, key data to calculate inflation was staying strong and we were a long way from a pause or interest rate cut. Today's data provided the foundation for a growing narrative of a pause in the Fed's meetings and a gradual interest rate cut. Also with that, we should remember that the inflation and target rate data is a lagging indicator and we should not expect sharp changes in monetary policy, just today we got the foundation for the opposite rhetoric and further macroeconomic changes. What's in store for BTC, medium-term forecast for 3-6 months: Moderate rhetoric and positive data on slowing growth in goods and services will push BTC up. The end of the rise in inflation brings a cut in the target rate and new liquidity closer The longer the U.S. government negotiates a new budget ceiling, the weaker the dollar will be. A weak dollar is a great time for BTC as an instrument outside the financial system, operating according to its own laws and principles. Falling banks and the weakness of the banking system will play to BTC's advantage, BTC in the eyes of the public is a counterweight to the entire banking system.
BITSTAMP:BTCUSD
by Samura0x
8