How FTX could be BULLISH for BTCHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I know this may sound strange, but the current volatility in the crypto markets may just go the opposite way of the most expected. Cryptocurrency markets, especially altcoins, are currently experiencing an overwhelming amount of fear. The market sentiment is overly bearish, and this usually makes a perfect opportunity to counter trade. By looking at the Wall Street Cheat Sheet, I can confidently say that I don't think the bottom is in just yet, for the sheer fact that we just experienced a HIGH volume selloff. Bottoms are usually characterized by LOW volume sell-offs after a longer period of sideways trading.
It is noteworthy that the FTX saga may bring on finalized crypto regulations very soon, and this could be bearish for altcoins (perhaps in the short term, but still). Some alts may not even survive the new regulations. The FTX saga together with the bankruptcy of many other crypto lending platforms might act as a catalyst for the government to step up regulations and implementation. That being said, Bitcoin will have an advantage over altcoins.
Haven't heard about the FTX saga and Sam Bankman? Don't worry ! Get up to speed here:
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Sbf
$VGX Long on Daily, $1.20 again??With news of #Binance putting in a new bid for #Voyager, #VGX has been soaring. It is testing the bottom of the triangle (old support, which is now resistance). If breaks through we can see $.70. Will it hit $1.20 again???
Short SRM till it gets delisted!!! Hello Padawans,
Risky short entries are yellow lines according to fibs,
#QuickScalps
Almeda Research has 2.2Billion worth SRM while the market cap of SRM is nearly $100M.
#DYOR and manage your risks cause #SRM has a very small market cap at this moment.
Cheers!
FTT looks like it may trigger this weekly h&s patternIs FTT about to meet the same fate LUNA did earlier this year? Luna also had a pretty nasty looking head and shoulders that it validated a breakdown from. FTTs is similar although the full measured move is negative 42 dollars which isn’t possible…that doesnt mean the pattern won’t still trigger, it just cant reach the full target….it could very easily drop deeply enough to go multiple decimal point places close to zero though if what CZ from binance seems to be suggesting is true about it being worthless. Also a chance that if this did drop to several decimal places close to zero like luna did, that I could try to time it just right and go in on it right before a big dead cat bounce like luna had…then there’s also the chance that this is unsubstantiated FUD and the h&s breakdown ends up being a fakeout, but at the moment that seems like a low probability. Either way I’m not touching this thing. *not financial advice*
Bitcoin has lost 18180 support!This breakout to the upside could send $BTC to $14000 or lower, technically this is a valid short setup. In terms of fundamentals, FTX's bankruptcy risk is putting pressure on crypto markets after Binance gave up on its intention to rescue the non US FTX. SBF has apologized in a recent tweet and said that it was his mistake! $8 billion is required to save him from this bankruptcy situation, he is in discussion with investors but things are complicated as Binance said "FTX is insolvent"
#BTC - Retest & Rejection with big volume....we be heading down#BTC - Retest & Rejection with big volume....we be heading down
- Nearing end of Macro wedge still need to fulfill the lower trendline at approx. $14.8k region
- Bounce to retest the flipped resistance at $18k
- Big rejection with volume confirming retest for further downward movement
SBF vs CZGuy has no clue what hes doing, i wonder what hell say when FTT drops sub $5 maybe insolvent? Guess well see, shoutout to CZ for being a don. hope he sells for him at $22 and takes him for what hes worth. Long way down for one of the richest socialists in the world! ggs sam, catch ya at mcdonalds
Icarus gearing up its wings! Opinion:
Short term trade. TP at 39.72! :)
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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$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.
SRM 1D BUYSRM 1D support is at ~$2.4
Enter 50% here
and try to set some buy orders near the support zone
If SRM holds above the trendline,
the Take-Profit target would be $3.3, $3.9, and $4.5
Cheers
Serum ATH soon? SOL is bullish, next sol summer is coming?
We can see SERUM also break the downtrend and bullish now.
- Fib 0.618 very strong support
- SOL ATH again
- Serum is the most important SOL Defi project and founded by SBF
- Raydium have better performance than Serum last round, I think this round Serum will chase back and stronger
- New function is coming soon in Q4-2021 & Q1-2022
Derivatives on Serum:
Perpetual future products: 2022Q1–2022Q2
Borrow-lending, with support for a wide swath of collateral tokens: 2021Q4–2022Q1
Spot margin: 2022Q1–2022Q2
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Solana (SOL): Massive Upside PotentialIn this post, I'll be taking a technical approach to Solana ($SOL) .
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Solana is currently ranked #6 in terms of market cap, with a size of $58B.
- It is a rising platform that is arguably more efficient and cheaper than existing ones.
- Looking at the technicals, there are three main points that I found to be very bullish:
- First, we broke through the trend line resistance that connects the higher highs.
- Also, despite the massive price dump that took place across the entire crypto market yesterday, Solana has managed to maintain its momentum.
- Third, the volume continues to increase as we trend upwards, demonstrating confidence from buyers.
- The moving averages are also aligned in order, indicating that the overall uptrend on the longer frame is intact
- Counting waves, we can see that we are currently in the midst of the fifth impulse wave.
- Based on fibonacci retracement levels, we could expect strong resistance around $250, with a target up to $770.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
FTT/USD bullish uptrend will continueAfter I posted the last idea of FTT,
It bring a crazy pump more than 40% in one day and reached ATH.
"FTT/USD go to ATH soon?" << you can go to my profile to see this idea.
Here is my latest idea of FTT:
- 4 hours chart break the down tread, seems the correction is completed?
- In trending trading, the bullish stocks will keep creating the ATH.... FTT can do that too!
- In the latest FTX IEO, the new token bring more than 100x... It mean next FTX IEO will bring more people to join and FTT demand will be high....
- If compare BNB and FTT, FTT token still in low market cap...
As said, FTX is growling fast and which is a innovation crypto exchange,
it also is a long term project to me.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Raydium: An Undervalued SBF Coin with High Growth Potential In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
SBF - next stop below 3,500SBF continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 3,500. If prices crosses up 4,112, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.