Market insights
FTT 15m Scalp Details on the chart
projection of wave C up
Corrective B is a triangle abcde
Happy trades :)
Is FTT the next LUNA?Welcome to the Crypto Matrix.
Some may call it FUD, some may call it a valid independent view: Alameda, the subsidiary of FTX totally lost control. Looking at the board of Alameda, you can see numerous "kids" - yes I would call them kids, as they obviously did not hear the bell ringing yet - trying to CEO'ing and CTO'ing and wtf else, but obviously dont have any clue about financials. What must have come to their mind to back cash liabilities of roughly 7bn in their balance sheet with unlocked FTT, which in amount exceeds the actual circulating supply of the token?! I mean, even for those guys, who have no clue about a balance sheet, must have known, that you cannot back your liabilities with nothing. The more and more you see those kids, imo is totally loosing any trust in any VC out of Silicon Valley related to crypto.
Where does FTT find support? Actually, there is a huge buywall around 15, but as you may know: buywalls are usually bearish. Seems to be something like catching a falling knife, imo atm
welcome to the matrix 2.0
Interpretation of cryptocurrency market on Nov 9 2022The market fell dramatically last night due to the FTX' bearishness. It eventually ended with the founder going bankrupt and Binance acquiring FTX. FTT was eventually counter-voted by the market because it was heavily staked for SBF' shorting. But other unrelated tokens undoubtedly belonged to the wrong side of the equation. BTC fell to around 17,000. Refresh the new low of this round of bear market.
The five-wave low has been mentioned many times and will not be lower than the previous low. ETH only fell back to the September horizontal range. Other tokens even spit back the November rise, even the horizontal range did not fail to, just time appeared in the morning 3:30. It is difficult to grasp, but does not affect the long-term position. Now it increases to 7-8%, again pulling down the cost of positions. After all, at the end of the bear, chips than short-term floating earnings are much more important.
According to the previous thought, the long-term half position long a single hold unmoved. Short-term positions in October after a sharp rise, it is easy to do to keep profits out. With the market down to 17000, leaving the short-term funds to plunge into the bottom, the total position of the maximum is not more than 80%. So far, the long-term layout has been basically completed. After the operation is not much difficulty, the test of only patience.
FTT is Next Luna !!!I told everyone in the last Analyze FTT will Dump... CZ Mission is Done..!
One of the reasons the market will dump more is FTT,
Look at the chart everything is clear on chart if it can reclaim to 20, the next target is 4.77 and may lower...
please share your opinion in the comments
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FTTUSDTWhaiting for 7 and then take short. There is negative news, I had yesterday few trades, shorts
FTT/USDT - November 09Yesterday FTX token was dumped very badly because there are not good news for this token. It has broken its main support of 10.00 and dumped to 2.51 .
It should break its main resistance of 10.00 which has very less chances. There could be some pump but it will be for bull trap. Its bearish till any good news from Binance and FTX Deal.
Anyway our target was achieved yesterday and there is only one hope for this coin and that is Binance.
If no good news then it will be new LUNA and market will be dumped as well. Only good news can push it up otherwise there are very low chances that it can go up.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
2022-11-08, FTX seeing Duck No Saur soonThis week seems to be shorting week for many including FTX.
Strong area looking now is 0.236 and 0.382 level in the Fibs.
FTT long or short Read this 🔥🔥🔥Binance CEO Promises to Help FTX Exchange with Liquidity and Hints of No Purchase.
On this positive news, the entire cryptocurrency market bounced up, and BNB adds +20% in 15 minutes and now market is red what should I do now
Short FTT
Hi all,
In my opinion, FTT prices will go down quite fast because of the following indicators:
Fundamental news: CZ started to sell FTT and this triggered a fall of FTX and its crypto; Investors/FTX's users are loosing their trust.
Technical Analysis: Both MFI and CMF broke the trendlines.
The proposed TPs and SLs are in chart.
All the best!
FTT bullish scenario November 8th 2022Hi guys,
When FTT reaches the 12$ area the bear market should be over. There stands the Fibo 1.236 retracement level.
We should see a run up to the 40$ area in the next 60 days and a top at around 70$ late march 2023.
Happy hunting, go #bbulls !
Does FTT go to zero?hi! I hope you are well
Note: Don't forget capital management and stop loss setting
Note: This scenario is probable and not certain.
Considering the negative news that has been published for this coin, it is better to consider this correction as a wave of great magnitude.
Due to the pessimism of this currency among traders and the exit of its investor, Binance, this currency can remain bearish in the medium term.
I have identified two important supports for the not-too-distant future.
🔥 CZ: The Mastermind That Brought Down FTX And Then Bought ItThe past two days have been a true rollercoaster. Please click the tweets for a full overview.
In short:
- FTX is closely related to Alameda, since Alameda provides a big part of the liquidity to FTX
- Rumors are spreading that Alameda has a hole in their balance sheet, FTX is potentially insolvent
- CZ adds oil on the fire by announcing the sale of Binance's FTT tokens
- Investors panic and remove their funds from FTX
- FTX actually goes insolvent, pulls liquidity from FTT and appeared to have stopped processing withdrawals
- CZ (CEO of Binance) steps in and signs an agreement to take over FTX for a fraction of the value it had a couple of days ago. Investors removed their funds, so it was a cheap acquisition of a company in distress.
CZ played 5d chess and won. GG.
FTX Token completes H&S topThe decline today has completed a massive H&S top in the FTX token. On a decisive move and close back above the neckline would negate this pattern.
FTTUSD ❕ important psychological levelBitDAO and FTX have settled the sale.
OKX founder urges CZ to stop FTT sale.
The token's fall has led to a decline in the crypto market.
The asset is oversold at the 4H Timeframe.
TD Sequential has formed a reversal signal upwards (30m TF)
I expect the asset to hold the psychological level and start bouncing back.
FTTUSDT 2 TargetAs you see, the first support zone gave nice reaction 20%
Now if buyer have power to test seller on resistance zone in area of ~22 ther are another enter the short.
If seller continuous pressure, then next support zone are 11+
and next one in between 6-5 $
feel free to comment or ask questions
FTT/USDT - November 08FTX token is falling very badly after some bad news. In this week there are lot of chances that it will break the 10.00 support and will be more low near to 5.00 .
There could be some pump but it will be for bull trap. It has broken it strong support area of 21 - 24 and now waiting for more dump but before that it will try to trap some buyers.
Only good news can push it up otherwise there are very low chances that it can go up.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
FTT Goes Further Down The negative news around FTT sends the entire market red, and from the looks of thing, this is just the beginning. Indeed crypto is high risk.
