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FTTUSDT.P trade ideas

🚀 FTX coin $FTT to $6 up for some jaw dropping action? 🚀Hey everyone, today we're diving into the price chart of Sam Bankman Freud linked FTX coin BINANCE:FTTUSDT and let me tell you something, the charts are buzzing! Just a quick few stats before we get to the good stuff. FTX a coin which at one point was regarded by many as a "Blue Chip" coin, rivaling the likes of Binance-linked coin BNB and other heavy-weights is currently sitting with a Fully Diluted Valuation (FDV) of $823 million placing it many positions away from the top 20 leagues it once occupied. A huge chunk of the price losses that the coin suffered can be traced back to the collapse of FTX exchange and the arrest of the founder. However with the recent move to compensate or allow users to recover the funds that they lost in the debacle it's looking like the exchange is preparing for a major comeback. **📈 The Chart: Cup and Handle Glory 📈** Alright, enough of that let's talk technicals! We've got a Cup and Handle formation on the TSX:FTT chart that's as clear as day. You can see it below Another interesting thing for me with this chart is the handle bit of the cup and handle. It's not just any handle we're seeing— the handle formed from a falling wedge, which for you chart enthusiasts out there know is a MEGA bullish signal that The Blue Investor can never ignore. **🔍 The Double Bottom Dance 🔍** Now, let's rewind a bit. A few months ago in January TSX:FTT retested the neckline of a previous double bottom from 2023. In my mind, that was not just a bounce, folks—that's a trampoline leap showing us that TSX:FTT has the legs to jump higher! Following the bullish breakout from the falling wedge, if this bullish momentum is sustained at the least we can expect the market to push price to $3.20 to complete an AB=CD for the CnH. At the time of writingwe're sitting at $2.50, a push to $3.21 would be a 30% gain in the spot price. Beyond that, I'll be looking at—$5.50, and for the moonshooters, a jaw-dropping $21.98! These aren't just hopeful dots on a chart; they're calculated destinations based on pure, unadulterated price action. **🌟 The Rally Cry: Why TSX:FTT Deserves Your Attention 🌟** In the last 7, 14, and 30 days, TSX:FTT has been on a tear, posting gains of 44% and 46%. That's a green flag waving us towards opportunity. So, whether you're here for the thrill of the trade or the long-term play, I think KUCOIN:FTTUSDT is a token that deserves your screen time. With technicals that are as compelling as the plot of a blockbuster movie, this is one asset you'll want to keep on your radar over the next few months, you can thank me later! Remember, in the crypto game, timing is everything, and the TSX:FTT chart is screaming 'now or never.' So, keep those eyes peeled, those minds sharp, and your strategies ready. And that's a wrap for this trade idea! If you found value in this analysis you already know what to do. Until next time, keep those trades smart and your investments smarter! (Disclaimer: This content is for educational and entertainment purposes only. Not financial advice. Do your own research and consult your financial advisor before making any financial decisions.)
Long
by theblueinvestor
FTX Can Now Sell Its $1B Stake in Anthropic to Repay CreditorsThe saga surrounding FTX's bankruptcy and subsequent efforts to repay creditors has taken another intriguing turn as a federal bankruptcy court approves the sale of the collapsed exchange's $1 billion stake in Anthropic, the AI company behind the Claude models. This move not only signifies a significant step in FTX's restructuring efforts but also sheds light on the evolving landscape of AI valuation amidst financial turmoil. 1. FTX's Bankruptcy Fallout and Clawback Strategy: Following FTX's industry-shaking collapse in 2022, the exchange has been navigating a complex bankruptcy process aimed at repaying creditors. One of the pivotal strategies employed by FTX ( TSX:FTT ) has been clawbacks, wherein assets like Anthropic shares are liquidated to recover funds for debt repayment. 2. Approval from Federal Bankruptcy Court: The recent approval by the U.S. Federal Judge John Dorsey to sell FTX's $1 billion stake in Anthropic comes after thorough scrutiny and highlights the court's acknowledgment of the necessity to settle outstanding debts. 3. FTX's Previous Attempts and Legal Clearance: FTX's earlier attempts to sell its Anthropic shares through financial services company Perella Weinberg Partners were met with regulatory hurdles and legal complexities. However, with the clearance from the U.S. Department of Justice, citing the irrelevance of FTX's Anthropic investment to the case against its founder, Sam Bankman-Fried, the path has been cleared for the sale. 4. AI Valuation Dynamics: A notable aspect of this development is the valuation trajectory of Anthropic shares. From an initial worth of $500 million at the time of the launch of Claude 2 AI model to doubling in value to reach $1 billion, it reflects the dynamic nature of AI valuation in the market. 5. FTX's Asset Portfolio and Solvency Measures: - The sale of Anthropic shares adds to FTX's asset liquidation efforts, which include the previous sale of Ledger X to M7 Holdings for $50 million. Furthermore, court documents revealing FTX's holdings in Solana, Ethereum, Bitcoin, and other assets underscore the comprehensive approach undertaken by the exchange to navigate its solvency challenges. Conclusion: As FTX ( TSX:FTT ) progresses in its bankruptcy proceedings, the approval to sell its $1 billion stake in Anthropic marks a significant milestone. Beyond the financial intricacies, this development offers insights into the valuation dynamics of AI companies amidst tumultuous market conditions. With each step, FTX ( TSX:FTT ) inches closer to its goal of repaying creditors and charting a new course in the ever-evolving landscape of cryptocurrency exchanges. By delving into the intricacies of FTX's bankruptcy, the dynamics of AI valuation, and the broader implications for the cryptocurrency industry, this article provides a comprehensive analysis of the recent developments surrounding FTX's $1 billion stake in Anthropic.
Long
by DEXWireNews
FTT/USDT Local trend (Binance trimmed chart) 30 11 2023Logarithm. Time frame 1 day. On the chart I put a screenshot of the missing part of the Binance chart from my closed learning/work idea on this coin, which I have been trading for almost a year (published 5 01 2023). In those 11 months, 47 local work updates . FTT/USD Super Risk - Super Profit. FTT hearing dates Manipulation . On the one hand the Binance exchange is not cheating, because trading was actually stopped on November 15, 2022 of this FTT/USDT trading pair and re-launched on September 22, 2023. Left on this exchange was the FTT/BUSD trading pair that was recently delisted, with the entire chart history (emphasis mine). A person looking at the chart for the first time would not see this clever, honest forgery on it. That is, no price chart and a pump/dump of a horizontal channel with a 237% pitch and a duration of exactly 311 days, and 3 significant pump ups in that channel range. This is a 4 and possibly an exit from it, at least this triangle is formed above its resistance. It is worth noting that if you now decide to work with this coin, remember that the price is now at +263% of the average price of the local set. Therefore, limit your risks. Linear of this zone looks like this .
by SpartaBTC
13
FTT update 04feb24SOOO... it iz a great manipulation through da newz, its so unhonest imo, bot it workz. price goez down (and I lost some also, damn) and we are now in buyin' area. Consider the structure, I can count two optionz: FIRST iz a red numbaz, AKAI in japanese :) diagonal+WXY+diagonal\impulse. Its not looks like an Impulse, so I suggest Endin' Diagonal. SECOND iz yellow and backup variant, zigzag with Triangle (in that way I need to recount Wave (A), but its possible to make an multiple ZIGZAG there. thrid also iz here, az always - its a scam and we all die) but I hardly doubt it. OH YEAH BTW - coz Wave (3) was extended, correction till Wave 4.of.(1) iz possible (green line) AND yeaa -we need some divergence on high timeframe (4h+) to be sure that option 3 will not work :)
Long
by zikkuratt
2
FTT high risk high return I don't have more info to add to this crypto because everybody knows FTX crash and what is happening/will happen its old CEO. I'm just looking at the chart pattern and find that FTT would be an interesting investement. After falling from the famous $22 level, FTT has been consolidating in a range from $0.8-$3 and this consolidation has signs of an Accumulation Schematic. Because of the uncertain future of FTX, I will buy FTT here and DCA until below $1 with small amount. Any news on FTX are welcomed!
Long
by evasivesteering
15
FTX Exchange Confirms No Relaunch Ahead In a shocking turn of events, $FTX, once touted as a promising cryptocurrency exchange, has officially abandoned its efforts to restart operations. The company's decision comes amid months of negotiations with potential investors, all of whom were reluctant to inject the necessary funds to rebuild the beleaguered exchange. $FTX's downfall has exposed a trail of deception, with founder Sam Bankman-Fried convicted on fraud charges, revealing a troubling lack of infrastructure and responsibility behind the scenes. The Unraveling of $FTX: The revelation by $FTX attorney Andy Dietderich paints a grim picture of the exchange, labeling it an "irresponsible sham" orchestrated by a convicted felon. The inability to secure sufficient investment underscores deeper issues, as it becomes apparent that $FTX lacked the foundational technology and administration required to sustain itself as a legitimate business. The fallout from these shortcomings has left 9 million customers in the lurch, facing potential losses running into the billions. Bankruptcy Proceedings: $FTX's decision to opt for liquidation instead of a restart signals a turbulent end to a once-prominent player in the cryptocurrency landscape. With over $7 billion in recovered assets, the company aims to repay its customers in full, though complications arise as the repayment will be based on cryptocurrency prices from November 2022, a period when the crypto market was mired in a prolonged slump. This decision has sparked dissatisfaction among customers, who argue that using outdated prices shortchanges them, especially considering the significant rise in Bitcoin's value since November 2022. Legal Battles and Customer Dissatisfaction: The legal battle surrounding $FTX intensifies as founder Sam Bankman-Fried faces sentencing on March 28 after being convicted on seven counts of fraud and conspiracy. Meanwhile, customers expressing frustration over the use of 2022 prices face a setback as U.S. Bankruptcy Judge John Dorsey overruled their complaints, citing the inflexibility of bankruptcy law. Despite the clear discontent among users, the road to repayment remains uncertain, with $FTX emphasizing the need to thoroughly investigate legitimate claims before disbursing funds. Conclusion: The $FTX saga serves as a cautionary tale for the cryptocurrency industry, underscoring the importance of transparency, responsible management, and regulatory compliance. The fallout from $FTX's demise not only highlights the risks inherent in the volatile crypto market but also raises questions about the viability of other platforms. As the cryptocurrency landscape evolves, the $FTX case will likely be scrutinized for lessons on preventing future instances of fraud, deception, and the resulting turmoil for users and investors alike.
Short
by DEXWireNews
FTX's Remarkable Turnaround: Cash Reserves Double to $4.4 BilBankrupt crypto exchange $FTX has witnessed a remarkable financial turnaround as it strategically unloads its crypto holdings, doubling its cash reserves to an impressive $4.4 billion within just two months. The Journey to Financial Recovery: $FTX's bankruptcy estate has been on a strategic mission to fortify its financial position by shedding crypto assets. According to Chapter 11 monthly operating reports, advisors overseeing the process successfully sold crypto from the FTX group's four largest affiliates, namely FTX Trading, Alameda Research, West Realm Shires Inc, and Clifton Bay Investments. This effort resulted in a substantial increase in cash reserves, surging from $2.3 billion in October to an impressive $4.4 billion by December 2023. Key Entities Involved: West Realm Shires Inc, the holding company of FTX's U.S.-based entity FTX.US, and Clifton Bay Investments, a company associated with FTX Ventures, played pivotal roles in this financial maneuver. Alameda Research, a significant player in the crypto space, also contributed to the initiative. The strategic decisions made by these entities have not only bolstered FTX's financial standing but have also raised questions about their broader impact on the crypto market. Crypto Outflows and Legal Developments: Since gaining approval to sell its crypto holdings in September, the FTX bankruptcy estate has been actively managing its assets. Reports suggest that FTX's wallets have been transferring funds to other exchanges while unstaking substantial amounts from crypto staking platforms. Notably, the FTX estate has been linked to nearly $1 billion worth of outflows from the Grayscale Bitcoin Trust (GBTC) in the initial days of the trust's transition into an exchange-traded fund (ETF). Legal complexities have also marked FTX's journey, with Alameda Research voluntarily dismissing a lawsuit against GBTC issuer Grayscale. The lawsuit, initially filed over an alleged "improper redemption ban" on GBTC shares, adds an intriguing layer to FTX's overall narrative. Challenges from Customers: Despite the positive strides in recovering value through liquid assets, $FTX faces challenges from some customers who contest the valuation of their claims. The current methodology pegs the value of customer funds to the asset prices at the time of FTX filing for Chapter 11 Bankruptcy. Given the significant surge in Bitcoin's price, up 150% since that date and currently trading at around $43,072, some customers are raising concerns about the fairness of this valuation approach. Conclusion: $FTX's journey from bankruptcy to doubling its cash reserves highlights the dynamism of the crypto market and the strategic decision-making within the industry. As the exchange navigates legal complexities, customer challenges, and market dynamics, the crypto community watches with anticipation to see how $FTX's recovery efforts will continue to shape the landscape of the digital asset space.
Long
by DEXWireNews
FTX's Rocky Road to RedemptionNavigating the Aftermath of a $8 Billion Fraud Case" The collapse of FTX in 2022 sent shockwaves through global financial markets. The once-prominent crypto exchange faced an $8 billion fraud case, resulting in a cascade of events that not only shook investor confidence but also sparked a series of legal battles. Now, FTX is taking a bold step towards redemption by liquidating its crypto assets to repay former customers, marking a pivotal moment in its journey to recover from the aftermath of the crash. The "Sell-to-Pay" Strategy: In an effort to reduce its staggering debt and regain trust, FTX is adopting a "sell-to-pay" strategy. Reports from Bloomberg indicate that the embattled crypto exchange is offloading assets related to cryptocurrencies, aiming to generate a substantial cash reserve. The group's cash hoard has already doubled to $4.4 billion by the end of 2023, showcasing a determined push to settle outstanding debts and rebuild its financial foundation. Ongoing Legal Battles: FTX's path to recovery is not without hurdles. Legal disputes stemming from the $8 billion fraud case loom large, with the majority of the exchange's assets lost as a result. Despite the setback, FTX is gearing up to file lawsuits in a bid to recover every penny spent during the crisis. If successful, the potential recovery of billions of dollars could be a game-changer for the debt-ridden exchange operator. User Struggles and Repayment Tussles: Since the 2022 crash, FTX has been grappling with efforts to strike deals with its former customers. Investors who had their accounts frozen during the collapse have engaged in prolonged battles to reach agreements. A key point of contention has been the terms of repayment, with former users pleading with judges to alter regulations they deemed unjust. The struggle between FTX and its users reflects a tug of war, symbolizing the challenges faced in rebuilding trust within the crypto community. Market Ripple Effect: The collapse of FTX reverberated beyond the cryptocurrency realm, creating a ripple effect in global financial markets. Concerns over dubious financial assessment methods and FTX's close association with Alameda triggered a wave of customer withdrawals, sending both companies into bankruptcy. The cryptocurrency market, valued at less than $1 trillion after the crash, lost billions of dollars. The stock market, too, traded in the red for weeks, with investor sentiments denting for an extended period. CEO's Verdict and Individual Wealth Wipeout: Following a month-long trial, the CEO of FTX was found guilty of accusations related to the crash. This individual event resulted in the wiping out of approximately $26 billion in individual wealth, as reported by Reuters. The CEO's conviction added a layer of complexity to FTX's already challenging journey toward recovery. Conclusion: As FTX navigates the aftermath of its $8 billion fraud case, the exchange is employing a multifaceted approach involving asset liquidation, legal battles, and attempts to rebuild user trust. The impact of FTX's crash on global financial markets serves as a cautionary tale, highlighting the interconnectedness of the cryptocurrency space with broader economic landscapes. Only time will reveal if FTX's restructuring proposals and legal pursuits will lead to a successful resurgence or if the shadows of its past will continue to cast a long-lasting impact on its future.
Long
by DEXWireNews
FTT UPDATE 18jan24well hi there my greedy friendz! just quick update and idea in general, I watched the cartoon Gintama (I love anime, yeah) and glanced at the FTT chart and, as in Japanese animation, saw an interesting twist: FIRSTLY, adhering to the old plan, we are in the Wave B of ABC correction and its a Mr.T, az I can see at MACD and RSI indicatosz behavior. Now Mr.T. is being formed with an exit upwards, after which we will go down to buy zone (preferably) SECONDLY as a backup plan, the correction could have already been completed and we are growing upwards through the Zigzags of the Leadin' diagonal (no matter ZZ or DZZ) - and its BAAAD COZ I WAS THE GREEDIEST PERSON I ADMIT AAAGGGHHH - my entry iz about 3.5 damn it!!! breathing heavily THERE IZ A THIRD OPTION actually - look clearly and boost if u find it so, well, as Elliot bequeathed, don't wishful thinking, analyze the structure- that's what I'm going to do. Orange color - ALT count. Ideaz are clear, will see what will be next, untill then TAP DA BUTTON if u UNDERSTAND what I mean or spare some coin in signature if u don't :) - I will eat at least
Long
by zikkuratt
17