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Can FTT trash turn into phoenix and give 1500%? 🦄 In 2022, one of the most significant events that turn crypto markets is the collapse of FTX exchange. However, native token of this exchange is still traded on some other exchanges. It may seem funny, but probably this trash wrapper can be resurrected and give fantastic profit. Why? 🤨 In recent months, several news have come out that the company is returning part of assets to its investors. And this is really surprising, because according to bankruptcy article, under which this company went, they may not do this. The strange thing is that in 9 months native FTT token has not yet been delisted from many crypto exchanges. Why trade token of an exchange that has not existed for 9 months? 🤔 In a couple of minutes you will understand everything. The fact is that FTX owes more than $ 3 billion to its largest creditors. Of these, it owes almost $1.5 billion to the 10 largest funds. In total, FTX can have over 10,000 creditors! All of them are interested in returning this debt. Such large funds and exchanges once invested in FTX: Binance, Sequoia, Multicoin and Kraken Ventures, etc. And such big players dont like to lose money. And recently there was news that FTX may restart in soon future 🎪 Yes, I understand that all this sounds extremely unconvincing and I myself did not believe in it until I saw it ... 🤯 Look at this chart 👆 After exchange went bankrupt - trading volumes of the native BYBIT:FTTUSDT token increased significantly. There were no such volumes even during existence of exchange! Moreover, such volumes are not on one, but on all exchanges where this token is traded. Some big players is collect coins from market very cheap. Probably in future there will be news that the exchange is restarting and under this news people will massively run to buy coins, inflating the price, and those who bought them in advance (at current prices) will sell them to market, thereby having an incredible profit 💸 If you believe that such a scenario is possible, its logical to buy quite a few coins in order to increase capital. When buying from current prices ($ 1.6), the coin can give up to +1500% when the scenario is implemented. When buying a coin from the lower limit ($0.8) - the transaction can bring up to 3000%! 🪄 That is, $100 can turn into $1500 ✨ What about risk? The exchange has already gone bankrupt, what could be worse? 🤠 But remember that this is an extremely risky transaction and you can lose all invested funds, so no “meatballs”, only money that is not afraid to lose. If you are interested analysis of other assets - please write about it in comments. Also, don't forget to subscribe to my channels to stay up to date with profitable ideas 🦄
Long
by Dorado_Crypto
[ PMI ] Red Folder News Scenario's 🔥/ Eurusd For PMI data I'm favoring a continued push up throughout NY Session. If this does not happen then i anticipate the volatility to create the High of the day then slowly faded off the highs back to support at 1.08743. It is Monday and the market is setting up for the rest of the week so beware of that. On My last publishing I detail a potential fakeout on the Daily timeframe after the Friday candle Closed back inside the range last week above 1.0892 which is now our weekly support level. I'm looking for price to return to 1.096 daily resistance this week with the fakeout market structure. The Daily candle was bearish all day today and has only just recently flipped back bullish as we coincide with PMI data in 7 minutes. I took a buy and just TP with majoirty of my position., holding on to some during news with SL at B.E. Update : Price shot into profit and my runner position I took Profit at +25 Pips
Long
by ShrewdCatfx
Momentum Points South 🐻 We can observe the 4hr candle jsut closed below 1.0882 4Hr support Zone. Price also doesn't seem to care too much about our Daily support level 1.08915. Price retraced during London Session and gathered some liquidity while touching into weekly level 1.094 before coinciding with a drop with better than expected USD news. Also upon the 4hr candle close, it printed an engulfing candle and a siginficant top wick. All signs are screaming more downside to come. It may be after a deeper retrace to around 1.0882 and 1.08915 area but probabilities suggest lower prices to 1.0847 4hr support zone. This zone also happens to be the previous weekly candle bottom wick that we are now going to fill with momentum leftover from last week? we'll see if we get the push and fill the 33 pip range with clean traffic to the left down to 1.0847.
Short
by ShrewdCatfx
Golds Recent DeclineGold continues to fall after breaking key range, Golds forming a bearish channel, again what I spoke about yesterday. Also looking like a bearish wedge is forming. Gold is approaching the key support of 1895. Possible rebound from the level to the nearest resistance I predict. The trend is clearly bearish, I’ll be targeting sells today. If another key support is broken it will push the price further down. I predict a retest of 1895 soon Another support level of 1910 is broken and price is forming a consolidation below the level, also that impulse I spoke about yesterday. Support 1895 Resistance 1910
OANDA:XAUUSDShort
by xEthan
A Volatile Climax in PricePrice did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily support Zone. The NY 4hr candle dipped back to around 1.094 Weekly resistance level where it found support. 1.09435 is also a 1Hr support Zone that was created with the New York session 1Hr candle. 2 4 Hour candles have closed above 1.0957 4hr Zone. Maybe I'm just trading what I think but I prefer selling at these prices. My thoughts are that we are towards to the topside of what could now be a range as previously mentioned on the 4hr timeframe .
Short
by ShrewdCatfx
Bearish Gold WEEK ?Gold took a hit this week as the dollar rebounded after the Bank of England raised interest rates by half a percentage point — twice more than forecast — saying it needed to act against "significant" indicators that British inflation would take longer to fall. U.K.’s main interest rate is now at 5%, the highest since 2008 after the largest rate increase since February. For me the gold metal will go a little bit down . Wha do you think traders , Am I right ?
TVC:GOLDShort
by ZumixFX
Impending Volatility ☕ / EurusdThe Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle has just closed bearish with a top wick twice the size of the body. The new 4hr candle thus far has confirmed our bearish thoughts as it has pushed down 14 pips in the first 15 minutes. 1Hr Timeframe : Price retreated during asian session pre-london towards our Daily S/R Level 1.098 which I capitalized on. We then rejected 1.098 S/R Zone upon initial retest as I forecasted in my prev publishing. We ran the highs from asian session and price made it's way a bit higher before pulling back hard for New York session open. We can observe clean traffic going back down 1.0956 and this is what I'm looking for to play out with sell stops .
Short
by ShrewdCatfx
6
Daily Market Analysis - Thursday June 15, 2023Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless Claims report. US Philadelphia Fed Manufacturing Index for June. US Retail Sales (MoM) data for May. Eurozone ECB Press Conference. On Wednesday, global stock markets saw a decline, while the US dollar managed to regain some of its losses. This came after the US Federal Reserve, as expected, announced a pause in its interest rate hikes. However, the central bank also hinted at the possibility of raising rates by an additional 0.5% before the end of the year. During its recent two-day meeting, the Federal Reserve presented new economic projections that indicated a potential 0.5% increase in borrowing costs by the end of 2023. This projection was based on a stronger-than-expected economy and a slower decline in inflation. US Fed funds rate The Federal Open Market Committee (FOMC), responsible for determining interest rates, unanimously stated in its policy statement that maintaining the current target interest rate range during this meeting would allow the committee to assess additional information and its implications for monetary policy. While it was widely anticipated that the US Federal Reserve would pause its rate hikes, the focus shifted to the communication surrounding potential future increases. In a surprising twist, the participants of the FOMC adopted a more hawkish stance. The median forecast for the end of 2023 regarding the Federal Funds rate was revised upward by 50 basis points, now ranging from 5.50% to 5.75%. SPX NASDAQ and DJI indices daily chart Following the announcement, the closing results of the stock market exhibited a mixed picture. The Dow Jones index concluded the day with a decline of over 230 points, while the S&P 500 index managed to secure a modest gain of 0.1%. The Nasdaq index, on the other hand, experienced a more significant increase of 0.4%. Notably, the Nasdaq Composite index was primarily driven by the positive performance of AI-related stocks, including Nvidia and AMD. In addition to the stock market movements, Wednesday started with Bitcoin surpassing the $26,000 milestone. However, it retraced shortly afterward and reached a 24-hour low of $25,791. Analysts are speculating that it may potentially drop further to $25,000. These sentiments are influenced by ongoing discussions on cryptocurrency regulation, which have been dominating the news recently. BTC/USD daily chart On the flip side, gold prices initially saw an uptick, reaching $1,959 per ounce during the session. However, as Asian traders kickstart their day, the price of gold has resumed its downward trajectory, edging closer to the $1,930 level. This downward movement can be attributed to the hawkish stance of the US Federal Reserve (Fed), which has bolstered the United States Dollar (USD). The prevailing market sentiment currently favors the USD, consequently exerting downward pressure on the price of gold. XAU/USD daily chart The US dollar has demonstrated a decline against multiple currencies, resulting in a 0.32% drop in the DXY index. Among the currencies, the New Zealand dollar (NZD) experienced the most notable movement, surging by over one percent and reaching a three-week high at $0.6211. Meanwhile, the Euro (EUR) and the British Pound (GBP) registered more modest gains, each recording an increase of 0.39%. NZD/USD daily chart Despite the release of favorable exports and machinery orders data, the Japanese yen encountered a 0.9% decline, emerging as the primary loser in the Asian markets. Investor focus was predominantly directed towards the upcoming Bank of Japan (BOJ) meeting scheduled for Friday. It is widely expected that the central bank will maintain its accommodative monetary policy stance to bolster domestic economic growth. This anticipated approach is anticipated to have a favorable influence on Japanese stocks. USD/JPY daily chart Nevertheless, the Japanese yen is expected to encounter further selling pressure as interest rates rise in other regions, diminishing its appeal. Bank of Japan (BOJ) officials, including the newly appointed Governor Kazuo Ueda, have expressed their intention to maintain the bank's yield curve control policy to provide support to the domestic economy. Furthermore, the diminished anticipation of Japanese government intervention in stabilizing currency markets has contributed to the yen's weakening. While officials have issued verbal warnings, no concrete actions have been taken thus far. Currently, traders are closely watching the upcoming monetary policy announcements from the European Central Bank (ECB), scheduled for later in the day at 12:15 GMT. It is widely anticipated that the ECB will implement a 25 basis points increase in key rates. However, the Staff Economic Projections and the subsequent press conference by President Christine Lagarde will play a crucial role in shaping future policy direction. Market expectations indicate that interest rates will likely reach their peak in July, with speculation of an additional rate hike following June's increase, followed by a potential pause in September. If the ECB adopts a more hawkish stance by implementing a rate hike, it is expected to exert additional selling pressure on the price of gold.
by FOREXN1
1