SBF hit with 4 new criminal charges, downwards breakoutNews has just come out over the past 2 days that SBF has been hit with 4 new criminal charges. On top of that, the chart screams dump on its own too. We just broke down after a fake exit pump to $2 a couple of days ago. This coin is a bottomless pit, similar to LUNA. Basically short it to 0. Aim for a new low for sure, but at the very least aim for $1. Be wary of fake exit pumps. It wil dump for sure, but you might get liquidated if you're overleveraged and the price get manipulated up by whales in order to dump.
Ftxtoken
FTX Token Analyze (Dead Cat Bounce)!!!🐈After the scandal that happened to the FTX Token project, and you are all aware of it, the FTT token is called a dead token, and in the financial markets, these types of assets are also called 🐈dead cats🐈, but these dead cats sometimes have jumps. It seems that the FTT token is looking for a jump of at least 30% to the resistance zone with the formation of a triple bottom pattern (or Inverted head and shoulders pattern) that we can use.
FTX Token Analyze (FTTBUSD) Timeframe 4H⏰.
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Such positive forecasts are possible only if the Alameda group solve their problems with the law. And this cannot be ruled out.
Then we will have three potential targets for the growth of the asset.
Another option is the breakdown of the liquidity zone and the delisting of the token.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
FTT vs BNBPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
This is comparison of FTX Token vs Binance Coin , so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
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FTT is gone!Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Over a month ago I posted prediction that FTX Token will lose 70% of its value against USDT...
At that time the price was 1.8, and now it's already almost another -50% down! As the FTTUSDT pair has been delisted from Binance, you can't "play" the original idea anymore, it doesn't load the new data. Anyway here comes new bearish setup in form of triangle breakout with target @ 0.46 which is another 50% loss of value from current level. I guess we will get there sooner or later with pullbacks along the way.
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FTTUSDT Don't trust this rise unless this line breaksThe FTX Token is having the best daily run since the exchange crashed one month ago and we see a lot of euphoria coming back to the market but be advised that you shouldn't get over-excited as, despite breaking above the 4H MA50 (blue line), the price is still range-bound inside the 1.175 - 2.100 25 day Rectangle. Only a break above 2.100 can be a buy and that's still limited to the 4H MA200 (orange line).
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2 TradingView Strategies for trading crypto:The BarUpDn StrategyTrading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out back testing to expose the validity of a strategy while on TradingView charts.
There are numerous strategy options available on the TradingvView. We shall consider two of such strategies in this article: The BarUpDn Strategy and the MACD Strategy.
The BarUpDn Strategy
This strategy continuously checks any quick price changes in the market for the cryptocurrency pair you are monitoring before deciding to go long or short. In addition, the BarUpDn strategy uses the color of bars or candlesticks in its analysis.
Before entering a long position using this strategy, the current candlestick or bar must be green. That is, the close of the current candlestick is larger than the open, and the open of the current candlestick is above the close of the previous bar. For a short position, the current candlestick will be red. By this, the open of the current red candlestick is below the close of the bar that proceeds it.
In this strategy, the moment the percentage loss exceeds the amount specified by the indicator for the day, all opened and running positions will close.
The MACD Strategy
MACD stands for Moving Average Convergence Divergence. It is widely used by active day traders. MACD strategy indicator on TradingView works on three components: Two Moving averages and a histogram. The two moving averages are essentially Exponential Moving Averages (EMA's lines). The main line is the slow line, which is the MACD, while the second is faster and is the signal line.
When the two lines come together, we call this convergence, and when they are away from each other, we call this divergence. The histogram serves the function of showing the difference between these two moving average lines. The zero line on the histogram is the point where the price of the cryptocurrency pair's momentum is zero. The histogram grows larger when there is a rapid change in the price in the upward direction. At the same time, it shrinks when there is a deceleration in the crypto asset price.
There are three ways a crypto trader could use the MACD strategy indicator on TradingView. They are Crossovers, Histogram Reversals, and Zero Crosses. The Crossover strategy is a lagging strategy because it is based on holding until you see a price movement before opening a trading position. The Histogram Reversal is a leading strategy as it depends on general trends from historical data for trade entry and exit. Finally, the Zero Crosses approach uses the EMAs crossing the zero line as a basis for trading decisions. When the signal line crosses the zero line, it is said to be in an uptrend, and a downtrend when it is below the zero line.
XRP: Could we defy the crypto doom?!XRP
Intraday - We look to Buy a break of 0.4011 (stop at 0.3839)
0.3993 has been pivotal. Bespoke resistance is located at 0.4000. A break of the recent high at 0.3993 should result in a further move higher. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end.
Our profit targets will be 0.4439 and 0.4499
Resistance: 0.3800 / 0.4000 / 0.4250
Support: 0.3700 / 0.3600 / 0.3500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
FTT/BTC FIB RETRACEJust an idea.
I sold around 0.00113.
I plan to buy back at levels stated for reasons given.
What do you think?
D33
History of MT Gox Bankruptcy 2014 VS FTX Bankruptcy 2022let's imagine with the concept of a wild conspiracy theory and match the events that have occurred.
In 2014 Mt.Gox was hacked and declared bankruptcy. This incident occurred after the bull run at that time and through a bearish season for several years.
In 2022 the fairly large FTX exchange went bankrupt which occurred in a bearish season.
all events in the light period have more or less the same pattern and why did the big event happen after the bullish season?
Was this all pre-planned?
🔥 Future FTT price FTX token under threat 👇Why the FTTUSDT price directly depends on the result of the "showdown" between Binance CZ CEO and Sam Bankman-Fried with FTX ?
On 06.11 evening, the head of Binance published a series of tweets in which he wrote that Binance as part of a strategy to exit investments in FTX received $2.1B in BUSD and FTT. And due to "unethical" actions, Sam Bankman-Fried plan to sell their stake in tokens FTT of $ 600M within 1-2 months on the open market.
CEO at Alameda Research, Caroline Ellison, has publicly called for CZ to sell all FTT tokens at $22 to reduce the market impact on the FTX exchange's native token rate.
The current showdown between owners of major cryptocurrency exchanges is happening when the cryptocurrency market is "fragile" and tough regulation from the U.S., including DeFi market, is still looming.
Sam Bankman-Fried with FTX has taken a proactive regulatory stance, trying to significantly limit the rights and freedoms of DeFi protocol creators so that US users / other territories with strict laws cannot use DeFi infrastructure. And the winning side of course would be centralized exchanges a-la FTX.
He also hinted in one of his tweets that he lobbies for interests in Washington, and for the head of Binance - entry to those chambers is closed, which has caused the current CZ / FTX / Alameda feud.
The principle of the current actions of the head of Binance is quite simple - collapsing quotes FTTUSD. Also actions CEO Binance causes a mass "flight" from the exchange FTX in its favor, and also many lenders may withdraw their loans from FTX, due to the depreciation of collateral in the FTT.
Better that CZ / FTX as soon as possible stopped this "war" because such a battle will not only hurt the price of FTT or the exchange FTX, which is being abandoned by the traders and their liquidity.
A lot more crypto community participants are likely to suffer. Because in such a weak crypto market, coins with smaller liquidity and capitalization can go down very, very hard, and almost all of us have them.
If we look at the global chart of the FTTUSDT price, it becomes clear why the price of $22 per FTT is critical. Below you can see the liquidity level is only about $10. In general, the strong liquidity area where "big money" was taking a long position is in the $2.5-4 range.
We don't want to see another collapse like with "Luna".
We hope for a quick and peaceful outcome of this conflict, but each participant in the crypto community should make conclusions for themselves.
_____________________
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BTC: The anatomy of a crash!Bitcoin
Intraday - We look to Sell at 18699 (stop at 19261)
We are trading at oversold extremes. We look for a temporary move higher. Previous support at 18700 now becomes resistance. Daily signals are bearish.
Our profit targets will be 17311 and 17011
Resistance: 17000 / 17500 / 18000
Support: 16000 / 15500 / 15000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
FTT a lot of FUD today. Short?Today , on crypto twitter there´s a lot of FUD regarding FTX exchange insolvency.
CEO of Binance announced that they will be selling their ftt tokens (do your own research on twitter to learn more).
If we see more FUD in the near term, it may result in a big drop. So far support holds.
Short it only if key support breaks.
Don´t forget to place a stop loss.
Target: 10 $
Make a note that this trading idea is likely to happen only if we see more FUD regarding FTX insolvency or anything bad about FTX, Sam Bankman-Fried or alameda research.
FTTUSD Times Twenty! An All-or-Nothing Bullish Butterfly!FTT where it sits today has no other Harmonic Fibonacci Level where it could possibly find support. If the 1.272 Breaks then it would have to go to $0 as there exist no fibs in between $4.725 and Negative Prices. I'll dedicate a fair amount to this position and see how it goes.