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FTTUSDT trade ideas

SBF hit with 4 new criminal charges, downwards breakoutNews has just come out over the past 2 days that SBF has been hit with 4 new criminal charges. On top of that, the chart screams dump on its own too. We just broke down after a fake exit pump to $2 a couple of days ago. This coin is a bottomless pit, similar to LUNA. Basically short it to 0. Aim for a new low for sure, but at the very least aim for $1. Be wary of fake exit pumps. It wil dump for sure, but you might get liquidated if you're overleveraged and the price get manipulated up by whales in order to dump.
Short
by jariii
FTT to lose another 70%?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Hi guys! Hope you are doing well even after the FTT/ FTX liquidity debacle which has been sort of indicated by the chart below two months ago: Now it seems we are not done yet, as FTT broke down this triangle 📐 and I think there is chance for run to 0.527 and even lower. This would mean another -70% for FTTUSDT from the actual level! Price is currently sitting at key support trendline (blue) but in my opinion it's just matter of time when it will be broken down which could start another brutal selloff. Stay safe! Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
3
FTT is gone!Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Over a month ago I posted prediction that FTX Token will lose 70% of its value against USDT... At that time the price was 1.8, and now it's already almost another -50% down! As the FTTUSDT pair has been delisted from Binance, you can't "play" the original idea anymore, it doesn't load the new data. Anyway here comes new bearish setup in form of triangle breakout with target @ 0.46 which is another 50% loss of value from current level. I guess we will get there sooner or later with pullbacks along the way. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
🔥WHY SBF ARREST IS A BULLISH SIGNAL FOR CRYPTO MARKET❓🔥 Hi friends! This is finnaly happen: Sam Bankman-Fried was arrested in the Bahamas on Monday after US prosecutors filed criminal charges against him. 🚩 SEC charges Sam Bankman-Fried for conducting “a years-long fraud” in FTX. Court filing claims FTX's founder 'orchestrated a massive, years-long fraud — diverting billions of customer funds for his own personal benefit and to grow his crypto empire. 📊 HOW WILL THE ARREST OF SBF AFFECT THE CRYPTO MARKET? Let me remind you that FTX users lost about $1 billion and this is not yet the final information. But I think that FTX users lost the most not directly, but the entire crypto industry. Together with FTT, Solana fell, as well as many other crypto projects. 🚩 Bitcoin fell by 26% from $21,300 to $15,600. Most alctoins fell by 50%. The crypto market lost $280 billion. ✅ The arrest and trial of the former CEO should have a positive impact on the crypto market for one main reason: ALL FRAUDSTERS WILL BE PROSECUTED. Now every owner and manager of any crypto company will know what illegal actions can lead to. Because of this, everyone will benefit and first of all users who have already lost a lot of money. 🚩 Perhaps the founder of Terra Luna Do Kwon will also soon be in court and will be punished by law. 📊 WHAT WILL HAPPEN TO THE FTX EXCHANGE? The new CEO of the exchange John J. Ray III helped the huge company ENRON with debt restructuring after the collapse in 2000-2001. Perhaps the exchange will survive, but it will be extremely difficult to regain the trust of customers. Bernie Madoff , cheirman of Nasdaq, whose fraud was recognized in 2009, sentenced to 150 years in prison. According to preliminary estimates, it is the largest financial fraud in history. The number of victims ranges from one to three million people and several hundred financial institutions, totaling about $50 billion. 🚩 If SBF's guilt will be proven, how many years in prison will he get? Interested to know your opinion in the comments. 💻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.
by Yuriy_Bishko
5
FTTUSDT Don't trust this rise unless this line breaksThe FTX Token is having the best daily run since the exchange crashed one month ago and we see a lot of euphoria coming back to the market but be advised that you shouldn't get over-excited as, despite breaking above the 4H MA50 (blue line), the price is still range-bound inside the 1.175 - 2.100 25 day Rectangle. Only a break above 2.100 can be a buy and that's still limited to the 4H MA200 (orange line). Please like, follow and comment!!
by TradingBrokersView
1
2 TradingView Strategies for trading crypto:The BarUpDn StrategyTrading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out back testing to expose the validity of a strategy while on TradingView charts. There are numerous strategy options available on the TradingvView. We shall consider two of such strategies in this article: The BarUpDn Strategy and the MACD Strategy. The BarUpDn Strategy This strategy continuously checks any quick price changes in the market for the cryptocurrency pair you are monitoring before deciding to go long or short. In addition, the BarUpDn strategy uses the color of bars or candlesticks in its analysis. Before entering a long position using this strategy, the current candlestick or bar must be green. That is, the close of the current candlestick is larger than the open, and the open of the current candlestick is above the close of the previous bar. For a short position, the current candlestick will be red. By this, the open of the current red candlestick is below the close of the bar that proceeds it. In this strategy, the moment the percentage loss exceeds the amount specified by the indicator for the day, all opened and running positions will close. The MACD Strategy MACD stands for Moving Average Convergence Divergence. It is widely used by active day traders. MACD strategy indicator on TradingView works on three components: Two Moving averages and a histogram. The two moving averages are essentially Exponential Moving Averages (EMA's lines). The main line is the slow line, which is the MACD, while the second is faster and is the signal line. When the two lines come together, we call this convergence, and when they are away from each other, we call this divergence. The histogram serves the function of showing the difference between these two moving average lines. The zero line on the histogram is the point where the price of the cryptocurrency pair's momentum is zero. The histogram grows larger when there is a rapid change in the price in the upward direction. At the same time, it shrinks when there is a deceleration in the crypto asset price. There are three ways a crypto trader could use the MACD strategy indicator on TradingView. They are Crossovers, Histogram Reversals, and Zero Crosses. The Crossover strategy is a lagging strategy because it is based on holding until you see a price movement before opening a trading position. The Histogram Reversal is a leading strategy as it depends on general trends from historical data for trade entry and exit. Finally, the Zero Crosses approach uses the EMAs crossing the zero line as a basis for trading decisions. When the signal line crosses the zero line, it is said to be in an uptrend, and a downtrend when it is below the zero line.
by BlackBull_Markets
1
🔥BREAKING: Binance will delist all FTX pairs❗ Strange decision.🔥 Hi friends! Binance will delist all FTX trading pairs: FTT/BNB, FTT/BTC, FTT/ETH, FTT/USDT. It is a strange decision for Binance CEO, because the company still not delist Luna and Luna2(LUNC) which was scammed and haven't enough reserves to recover. Investors lose almost $40B in Luna and USDT. Only Binance exchange lose $1.6B invested money. ✅ The same situation with FTT (FTX token). FTX echange announced the bankruptcy and literally scamed and Binance will delist it. We don't already final amount of money what investors and Binance lost, but I think this numbers is really close. Previously, CZ said that Binance gad going to sell $580M in FTT. 📊 WHAT IS GOOD FOR BINANCE IN FTX CRASH❓ Binance become only BIGGEST exchange on the market, because FTX was it closest competitor. The most money from FTX flows into Binance. 🚩 At the last online meeting CZ said that if they could solve the problem of how people store their crypto in their wallets, it would be a big boost for DeFi and the entire crypto industry, for the mass adoption of crypto and that he would not mind if centralised exchanges ceased to exist❗ Also, importantly, he said that they are now very actively investing in DeFi. I have to add, that a lot Binance or related to Binance projects can copy TWT token chart and starts to grow. I leave here the list of most promises tokens for you: 🔥 BNB 🔥 TWT✅ 🔥 CAKE 🔥 LINK 🔥 1inch 🔥 XVS ✅ Traders, was it idea usefull for you? Which coins of Binance seems next gainers to you? 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.
by Yuriy_Bishko
10
FTX updated intelNovember 11, 20229:36 PM CST EXCLUSIVE At least $1 billion of client funds missing at failed crypto firm FTX – sources By Angus Berwick Illustration shows FTX logo, stock graph and representation of cryptocurrencies Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Summary Companies FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda - sources Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources Executives set up book-keeping "back door" that thwarted red flags - sources Whereabouts of missing funds is unknown - sources New York, Nov 11 (Reuters) - At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion. article-prompt-devices Register for free to Reuters and know the full story Advertisement · Scroll to continue While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time. The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff. Latest Updates Sam Bankman-Fried's sudden turn from white knight to washout Crypto exchange FTX files for bankruptcy as wunderkind CEO exits Analysis: FTX meltdown sparks investor rethink of battered crypto market Factbox: Sam Bankman-Fried: The crypto mogul whose empire came crashing down Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years. In text messages to Reuters, Bankman-Fried said he "disagreed with the characterization" of the $10 billion transfer. "We didn't secretly transfer," he said. "We had confusing internal labeling and misread it," he added, without elaborating. Asked about the missing funds, Bankman-Fried responded: "???" FTX and Alameda did not respond to requests for comment. Advertisement · Scroll to continue In a tweet on Friday, Bankman-Fried said he was "piecing together" what had happened at FTX. "I was shocked to see things unravel the way they did earlier this week," he wrote. "I will, soon, write up a more complete post on the play by play." At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters has previously reported. Customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token. That Sunday, Bankman-Fried held a meeting with several executives in the Bahamas capital Nassau to calculate how much outside funding he needed to cover FTX's shortfall, the two people with knowledge of FTX's finances said. Bankman-Fried confirmed to Reuters that the meeting took place. Bankman-Fried showed several spreadsheets to the heads of the company's regulatory and legal teams that revealed FTX had moved around $10 billion in client funds from FTX to Alameda, the two people said. The spreadsheets displayed how much money FTX loaned to Alameda and what it was used for, they said. The documents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda's assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don't know what became of it. In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software. They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said. In his text message to Reuters, Bankman-Fried denied implementing a "backdoor". The U.S. Securities and Exchange Commission is investigating FTX.com's handling of customer funds, as well its crypto-lending activities, a source with knowledge of the inquiry told Reuters on Wednesday. The Department of Justice and the Commodity Futures Trading Commission are also investigating, the source said. FTX's bankruptcy marked a stunning reversal for Bankman-Fried. The 30-year-old had set up FTX in 2019 and led it to become one of the largest crypto exchanges, accumulating a personal fortune estimated at nearly $17 billion. FTX was valued in January at $32 billion, with investors including SoftBank and BlackRock. The crisis has sent reverberations through the crypto world, with the price of major coins plummeting. And FTX's collapse is drawing comparisons to earlier major business meltdowns. On Friday, FTX said it had turned over control of the company to John J. Ray III, the restructuring specialist who handled the liquidation of Enron Corp – one of the largest bankruptcies in history.
Short
by UnknownUnicorn35774657
FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week. - More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher. - Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles. The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.
Long
by RyanTanaka
6
🔥 FTT Will Go To ZEROWill not go too deep into the whole FTX debacle, chances are that most of you will already know the story. So, FTX announced yesterday that they're officially filing for bankruptcy. This also includes FTX US, which was previously "not impacted" but actually is. SBF has been lying through his teeth all the way, but that's for another time. Looking at FTX's native token, FTT, I think it will go to zero. A lot of cryptos have questionable use cases, but for FTT in particular I think we can all agree there's nothing backing this token. If the exchange is dead, so is the native token. The only hope that holders have is that some party will take over FTX. However, I deem this highly unlikely since the name will never be trusted again. In my view, FTT will see a very slow and painful death over the next couple of weeks until all major exchanges have delisted the token. I'm also expecting the occasional >50% pump & dump from traders trying to make some quick money, but not a substantial change of trend.
Short
by FieryTrading
16