The Rocket Booster Strategy In 3 Steps On CryptoWhen you are trading crypto you
have to focus on the BTC pairs only
and don't use margin.
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This is to protect you with risk management
Am from typing on Google
"What happened to FTX?"
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This company become very popular
and the time Bitcoin crashed it was a crazy moment
kind of similar to what we have today
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According to Google Search ai
it says the company mismanaged customer
funds.
Also according to an article from the
The Guardian, 27 March, 2024,
Ftx collapsed within 10 days
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Maybe this could be the time
to set a sell-stop order on
this crypto pair KUCOIN:FTTBTC
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Now look at this chart you
will notice the Rocket booster
strategy in 3 steps:
-The price is below the 50 EMA
-The price is below the 200 EMA
-The price is about to gap down
So this is a position trade to help you
catch this continuation chart pattern
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That last step is important
because it will help you with risk management
which is very important
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Rocket boost this content to learn more.
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Disclaimer: Trading is risky please learn risk management and
profit taking strategies.
Also, feel free to use a simulation trading account
before you trade with real money.
FTTBTC trade ideas
FTT/BTCDo you like FTX exchange? Me yes, because you can withdraw BTC for free (besides).
Their FTT token can be staked to take advantage of discounts on trading fees, etc.
Now, I think it's a good time to start accumulating FTT.
As always, I'm primarily interested in BTC, however, long-term holding of FTT will not spoil anything, I believe that the investment will return.
There are not many similar declines in price history.
Good business = good investment.
$FTTBTC: Pair trade setup...I think we can go long $FTTUSD against a same size short in $BTCUSD, the ratio chart shows there's 95% upside with 5% risk give or take, historically, in bear markets, exchange tokens have done well vs Bitcoin (like $BNBBTC did in the prior bear market back in 2018-2020). It might be worth a punt here...Betting on Sam might be a decent gamble, relatively vs Bitcoin at least. You can stake your $FTT as well, while you hold the $BTCUSD short, but need enough collateral to not be at risk. The bearish case in $BTCUSD might still be valid, judging by the action today, which erased yesterday's up bar. It's worth a shot.
Best of luck,
Ivan Labrie.
Trying to make sense of FTTBTC on higher time frameAimed to compare FTTBTC price action to BTCUSD
Hypothesis FTT doesn't care about BTCUSD and benefits more from the bull market in general because of new users coming to FTX to trade on the best platform
Number of FTT required seems to be some sort of squared function of the number of users, because a small % of new users are absolute whales that will buy tons of units of FTT
Happy to be spot long right now. Plenty of reasons to believe that FTT has plenty of room to grow, especially right now with the Coinbase IPO tomorrow
Sign up to trade and smoothly manage spot holdings on FTX here now: ftx.com