FTT
FTT - Are resumption purchases real?After all the news and events, the price of the asset has returned to its original accumulation. Maybe we will see a local rebound in the price range of 1-4, a re-accumulation and an exit with an excellent momentum after a long trading session.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
🔥FTX IN GAME❓ The HIGHLIGHTS of the day and 3 targets for FTT❗🔥 Hi friends! "I'm sorry. That's the biggest thing.I fucked up, and should have done better.", said CEO FTX Sam Bankman-Fried (SBF) in the latest tweets. Today was the day full of news about FTX, so I collect for you the most impotrant for you:
1. The FTX CEO says in a message to his remaining employees that FTX could theoretically still raise capital. Next week, the FTX CEO promises to try very hard in terms of negotiations. Says he is in talks with Justin Sun (Tron founder).
2. Huobi Research has published a list of projects in which FTX has invested directly and with which the exchange has had close links. According to Huobi Research, these projects stand a good chance become the "victims" (to varying degrees) of this crisis.
3. The founder of another cryptocurrency exchange, Kraken, said the FTX situation is a huge blow to the crypto industry, but it will be overcome.
4. The FTX CEO transferred at least $4bn in FTX funds to support his own Alameda (the FTX fund). Some of these funds were client deposits. SBF has not informed other FTX executives of its intention to support Alameda in this way.
🚩 US has launched an investigation against FTX and Co.
5. Tether is freezing an FTX wallet with a balance of 46,360,701 USDT on the TRON blockchain at the request of the SEC until the end of the investigation.
6. FTX HAS TOTAL MARKET VALUE OF ASSETS, COLLATERAL HIGHER THAN CLIENT DEPOSITS - CEO FTX Sam Bankman-Fried. He add that FTX US is safe, but no word about another clients.
🚩 This quote pump the price by 50%!
7. At the end of his message, the FTX CEO added: "At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now I'll just say: well played, you won.".
This message is addressed to CZ, the closest competitor and CEO of the Binance exchange. It was CZ that provoked this fall of entire crypto marketwith its statement about the sale of $600M of FTT coins.
🔥8. According to some sources, Sam Bankman-Fried (SBF) is in talks for $9.4bn funding:
- $1 billion from Justin Sun (TRON)
- $1 billion from OKEX
- $1 billion from TETHER
- $2 billion from a consortium of funds
- the rest $ from other investors
✅ Wouldn't be surprised if Elon Musk is also involved in the deal.
📊 The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
🚩 Targets for BNB and the BEST Binance crypto coins or project related to Binance I describe in this idea👇
I just got information that FTX has allowed withdrawals. Now only the only active wallet for withdrawal is visible, but withdrawals go to the same addresses and too slowly. Therefore, this news is not yet proven.
✅ Finnaly, I think the FTX exchange will be recovered because it is the largest exchange in the USA. I will continue to monitor the situation and give you best trading plans. Stay tuned!
📊 TECHNICAL ANALYSIS OF FTT CHART AND 3 TARGETS
The price fall below the $2.5 key level and collect the sl there. The BEST entry point was at the price close above this level. Now the possible profit is +66%.
✅ If you miss that entry point, I made for you another possible 2 plans that can bring you a profit:
1. squeeze to the local trendline and than the breakout. It will be the best scenario.
2. return the price to the key level and test as the support. It's almost impossible, but i need to inform you about this entry poiny. It is more risky because if the price return to $2.5 the key level might not hold the price.
Take a look on the volume indicator. Seems like the liquidation of long traders are finnaly ended, but the liquidation of short traders may strart soon.
🚩 I use DOM and Footprint scalping tools to identify the whales and open a trades with them. I recommend you to use it also cause this tools can add +25-35% to your winrate.
✅ I mark only mid-term targets because see the posibility to make the nice profit:
🔥 $6.5 - the key level and local high
🔥 $10 - key level and even number
🔥 15$ - key level and even number
🚩 Why the price can reach this targets so fast? Because the FUEL for the growth will be the short traders, that will bought back FTT to cover their losses.
Remember about risk management and market give you a lot of opportunities!
✅ Traders, what do you think about the FTX situation? Is it possible, that FTX return to previous price or it will scammed soon? Write your thoughts in the comment.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
🔥75% OF CRYPTO MARKET MIGHT BE UNDER BINANCE CONTROL❗ BUY MORE❓🔥Hi friends! The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
✅ The list of it I will add at the end.
🚩 RIGHT NOW: Binance have released the amount of crypto on their wallets. CZ yesterday named it Proof of Assets. Also, now you can find this information on the Binance website.
📊 TECHNICAL ANALYSIS
Now the BNB return to the HUGE accumulation area of $268-304, where the most coins were bought by the big players (whales). Now we see that price possibly make the false breakout of the lower boundary and this is strong bullish signal, if BNB close inside the area.
📊 The trading plan to open a long:
🔥 bnb still in the value area of $260-304
🔥 possible false breakout of the local low which take the sl of traders and the whales will buy even more coins
🔥 volume growth on sl collections
🔥squeeze to the local trndline after the breakout
🚩 Also, remember about DOM and Footprin which is my most important trading tools for scalping. They shows me the best place to buy and to sell crypto with the whales. So you can increase your winrate by +25-30% using just this scalping tools.
✅ The targets for BNB:
1. $300 - the top boundary of the value area
2. $335 - the local highs
3. $400 - the local highs after the pump
📊 Why the short trade is still possible? The main reason for the dump is BTC. So if it will fall to $12-14k, all the altcoin make -30-40% more.
🚩 The main precondition for the short trade is the fall below the value area of $260-304 and test it as the resistance. You can set sl above the local high and ope nice trade with 20-30RR. The main target is the closests support at $235-243 value area.
All of these plans I leave on chart, so you can use it at any moment!
✅ Now BNB skyrocketing on FTX. The price already reach it's ATH at $670. I think this is because of rumors that Binance will return the money to the owners of BNB on other exchanges (if this funds will be lost ). This is the possible reason why BNB start to PUMP.
📊 WHY THE POSSIBLE BINANCE MONOPOLY ISN'T GOOD FOR ENTIRE CRYPTO MARKET? 🚩
If BINANCE get the monopoly at the market, the problem of BINANCE will be the problems of the entire crypto market. If Binance will got in trouble (hacked, robbed, DDOS-attacked, etc.), this will immediately affect the price of Bitcoin, and since 99% of altcoins follow it, altcoins will fall even more.
🚀The list of coins related to Binance:
🔥 BNB
🔥 TWT
🔥 CAKE
🔥 LINK
🔥 1inch
🔥 XVS
✅ Actually, the relation to Binance is the main reason why these coins just return to the accumulation areas, despite the other alts make -35-40% and go to the hell.
🚩 Traders, is this idea usefull for you? What do you think happen to Binance in the future? What coins do you recommend to buy at the bottom og the market?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
Bye Sam- We will be better off without you 👋 October 31st we had issued the last warning (of many) against FTX and the semi-retarded 'Mr' Sam Bankman-Fried.
The world of crypto is beautiful and it is here to stay.
Yes, Lunas and FTXs will arise and yes they will fall and disappear but Blockchain is here to stay.
So, farewell 'Mr' Sam. We will be better off without you. You opened the door for regulators to storm in, but that's also a good thing looking forward.
OCT 31st message:
☝️Eric Voorhees is the good side of crypto..
SBF and FTX are the BAD side of crypto.
The sooner SBF(Sam) fails the better for all of us.
FTX is bad news 👈🤢
Sam Bankman is the Mark Zuckerberg of crypto 🤮💩 🤮
If you have no time to watch all of it this is the 1 min you should watch
PS. I don't think Binance will be willing to bail them out, There might be more pain incoming but also opportunity arises. time to choose the GOOD projects that will STAY and invest in those.
One Love,
the FXPROFESSOR
BNB Hidden Bearish Divergence as it Breaks TrendWe have a Bearish Bump and Run Reversal Top that is Breaking Down on BNB as we show Hidden Bearish Divergence on the Weekly Timeframe. It should first come down to the 88.6% Retrace at $21 but if that doesn't hold don't be surprised to see it come down to the 1.618 Extension at $1.175.
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.
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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The Detail Bitcoin break down this timeThe Detail Bitcoin and Crypto Market break down this time.
The bitcoin market has been on a roller coaster ride over the past few weeks, and things took a turn for the worse this week when the value of the overall crypto market plummeted.
The recent sell-off was driven by a number of factors, including concerns about regulation, FTX goes bust, Binance to acquire FTX pending DD, CZ announces Binance to do proof of reserves, CFTC monitoring FTX Binance drama, Zhu Su tweets, Do Kwon appears on Up Only, BTC testing 300 Weekly MA, FTX Withdrawals halted and $FTT crashed 80%.
While it's impossible to predict where the market will go next, it's clear that there is a lot of uncertainty in the air, but I am trying my best in this chart. Thanks and keep learning.