FTT price will go to $13.5-$18.5FTT has gone through a difficult journey.
And the price will go to $13.5-$18.5.
Let's wait and see it performance!
Hold is never easy. Good Luck :)
FTTUSDT trade ideas
Hold support area. target is EMA200 After the breakout of the specified area upwards and its consolidation, one can take action to buy with a stop loss at the support area floor.
Entry price : 2.1 to 1.9
Tp1 : 2.92
Tp2 :4.218
Tp3: 5.55
Tp4: 7.17
FTTUSDT 1D#FTT has broken the descending channel to the upside, then rejected from daily MA100 and back inside the channel. BTC is in a healthy correction, so #FTT can bounce from MA50. Targets are:
$2.5710
$3.2923
$3.8753
$4.4582
$5.2882
$6.3455
FTTUSDT - Similar behavior from Market MakerMarket maker here (you can see each Vector candle) is having a similar date every month to feed a long and short position on FTT. Will that repeat itself in March after it did the same since November 2023?
FTT rally within the next 48 hours! Everything looks set for FTX to pop out of the current $2.60 region to reclaim $3 and possibly higher. Few days ago I shared my larger time frame analysis which sees the price of FTX coin BINANCE:FTTUSDT going all the way back above $6.
Today, I’m looking at the lower timeframes and I think the opportunity is present for traders to nibble some profits as the price moves up. 24 hour trading volume has gone up for the trading pair and I expect this to continue trending upwards.
The main threat I can see to this playing out is if we see an unexpected dip in the market leader, Bitcoin BITSTAMP:BTCUSD over the course of this play.
(If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking FTT is headed and what coins I can look at next)
FTTUSDT 100% Gain Fron Here...It's nice and clear.
There is no further correction ahead. Despite all the bad news, the price kept its support at 1 $ and we will probably see further growth.
patternsWe see good bullish and bearishg patterns on the chart.
The end of the graph is the probability of forming a yellow flag pattern.
We are waiting for a firm exit from the yellow pattern from the red dot.
so wait & watch it.
FTT on the Horizon: Market Analysis and ProjectionsTechnical Analysis Overview
Current Price : $3.7605
Weekly Trend : A decrease of 27.10%, indicating recent bearish sentiment.
1-Month Trend : An increase of 8.98%, showing some recovery.
6-Month and Yearly Trends : Impressive growth of 289.95% and 260.09%, respectively, highlighting a strong bullish trend in the medium to long term.
Advanced Technical Indicators
Relative Strength Index (RSI) : Approaching overbought territory, signaling a potential reversal or consolidation in the short term.
Moving Average Convergence Divergence (MACD) : Suggests a bullish crossover, indicating strong buying momentum.
Chart Patterns and Analysis
Bullish Triangle Pattern : Indicating a potential breakout and continuation of the uptrend.
Falling Wedge Patterns : Multiple patterns suggest a diminishing selling pressure and a possible trend reversal.
Unique Insights
Potential for a Major Rally : Analysts have identified key levels for a potential 10x payout, suggesting that FTT might be gearing up for a significant rally.
Impact of External News : News flow and external events, such as regulatory changes or developments within the FTX ecosystem, can have a substantial impact on FTT's price.
Keeping an eye on these factors is crucial for understanding potential market movements.
Market Sentiment and External Factors
Market Capitalization : $1.234B USD.
Trading Volume Analysis : High trading volume of $191.331M USD with a significant volume/market cap ratio.
Recent News Coverage Impacting FTT
FTX Trading and FTX Digital Markets Settlement ( PYMNTS.com ): A unified approach to valuing customer claims could impact FTT's valuation and distribution.
Valuation Rules Set by FTX and Bahamas Liquidators ( Bloomberg.com ): Crucial for determining the valuation of FTT in bankruptcy proceedings.
Unified Asset Distribution Deal ( CryptoSlate ): Streamlining the asset distribution process within the FTX ecosystem.
FTX's Bankruptcy Exit Plan ( Banking Dive ): Involves valuing assets at their November 11, 2022, rate, affecting FTT's value.
FTX's Crypto Asset Liquidation ( Watcher Guru ): The liquidation of $240 million worth of crypto assets, including FTT, could influence its market price.
Conclusion
FTT presents a complex picture with both short-term bearish and long-term bullish trends.
The technical indicators suggest strong buying momentum, but overbought conditions signal caution.
The recent news, particularly the settlement and bankruptcy proceedings, directly impacts the valuation and liquidity of FTT.
2x is coming FTTAs i told you many times, i am holding some spot bags of FTT. The price of the FTX Token is holding well even if the exchange is dead (actually). When FTX will be resumed, i expect the price to pump. In the short term, if FTT can break above the mid term resistance at 2.7, a 2x is in play
🚀 FTX coin $FTT to $6 up for some jaw dropping action? 🚀Hey everyone, today we're diving into the price chart of Sam Bankman Freud linked FTX coin BINANCE:FTTUSDT and let me tell you something, the charts are buzzing!
Just a quick few stats before we get to the good stuff. FTX a coin which at one point was regarded by many as a "Blue Chip" coin, rivaling the likes of Binance-linked coin BNB and other heavy-weights is currently sitting with a Fully Diluted Valuation (FDV) of $823 million placing it many positions away from the top 20 leagues it once occupied.
A huge chunk of the price losses that the coin suffered can be traced back to the collapse of FTX exchange and the arrest of the founder. However with the recent move to compensate or allow users to recover the funds that they lost in the debacle it's looking like the exchange is preparing for a major comeback.
**📈 The Chart: Cup and Handle Glory 📈**
Alright, enough of that let's talk technicals! We've got a Cup and Handle formation on the TSX:FTT chart that's as clear as day. You can see it below
Another interesting thing for me with this chart is the handle bit of the cup and handle. It's not just any handle we're seeing— the handle formed from a falling wedge, which for you chart enthusiasts out there know is a MEGA bullish signal that The Blue Investor can never ignore.
**🔍 The Double Bottom Dance 🔍**
Now, let's rewind a bit. A few months ago in January TSX:FTT retested the neckline of a previous double bottom from 2023. In my mind, that was not just a bounce, folks—that's a trampoline leap showing us that TSX:FTT has the legs to jump higher!
Following the bullish breakout from the falling wedge, if this bullish momentum is sustained at the least we can expect the market to push price to $3.20 to complete an AB=CD for the CnH.
At the time of writingwe're sitting at $2.50, a push to $3.21 would be a 30% gain in the spot price. Beyond that, I'll be looking at—$5.50, and for the moonshooters, a jaw-dropping $21.98! These aren't just hopeful dots on a chart; they're calculated destinations based on pure, unadulterated price action.
**🌟 The Rally Cry: Why TSX:FTT Deserves Your Attention 🌟**
In the last 7, 14, and 30 days, TSX:FTT has been on a tear, posting gains of 44% and 46%. That's a green flag waving us towards opportunity.
So, whether you're here for the thrill of the trade or the long-term play, I think KUCOIN:FTTUSDT is a token that deserves your screen time. With technicals that are as compelling as the plot of a blockbuster movie, this is one asset you'll want to keep on your radar over the next few months, you can thank me later!
Remember, in the crypto game, timing is everything, and the TSX:FTT chart is screaming 'now or never.' So, keep those eyes peeled, those minds sharp, and your strategies ready.
And that's a wrap for this trade idea! If you found value in this analysis you already know what to do. Until next time, keep those trades smart and your investments smarter!
(Disclaimer: This content is for educational and entertainment purposes only. Not financial advice. Do your own research and consult your financial advisor before making any financial decisions.)
FTT - will be 11$What if we have finished the 2nd wave and now there will be a 3rd wave on strong news and explosive growth? That's a possibility, it's clearly not a finished story
FTT best area for buyAccording to the analysis, the price of $1.76 is very attractive for a long position.
rocket iz ready, bie da ticket nowits been a while, BUT itz no time to explain my greedy friends - just look at this MR.T
and dont miss da chance to buy LATS LASTLOW price u see before bullrun
buie in area 4, sell at x10 or kinda, after ATH perhaps.
ma advice, no thanks, just click the rocket button if u UNDERSTAND zi idea. DO NOT, if u just liked it.
bue.
..
i mean BYE.
..
B U Y~!
FTX Can Now Sell Its $1B Stake in Anthropic to Repay CreditorsThe saga surrounding FTX's bankruptcy and subsequent efforts to repay creditors has taken another intriguing turn as a federal bankruptcy court approves the sale of the collapsed exchange's $1 billion stake in Anthropic, the AI company behind the Claude models. This move not only signifies a significant step in FTX's restructuring efforts but also sheds light on the evolving landscape of AI valuation amidst financial turmoil.
1. FTX's Bankruptcy Fallout and Clawback Strategy:
Following FTX's industry-shaking collapse in 2022, the exchange has been navigating a complex bankruptcy process aimed at repaying creditors. One of the pivotal strategies employed by FTX ( TSX:FTT ) has been clawbacks, wherein assets like Anthropic shares are liquidated to recover funds for debt repayment.
2. Approval from Federal Bankruptcy Court:
The recent approval by the U.S. Federal Judge John Dorsey to sell FTX's $1 billion stake in Anthropic comes after thorough scrutiny and highlights the court's acknowledgment of the necessity to settle outstanding debts.
3. FTX's Previous Attempts and Legal Clearance:
FTX's earlier attempts to sell its Anthropic shares through financial services company Perella Weinberg Partners were met with regulatory hurdles and legal complexities. However, with the clearance from the U.S. Department of Justice, citing the irrelevance of FTX's Anthropic investment to the case against its founder, Sam Bankman-Fried, the path has been cleared for the sale.
4. AI Valuation Dynamics:
A notable aspect of this development is the valuation trajectory of Anthropic shares. From an initial worth of $500 million at the time of the launch of Claude 2 AI model to doubling in value to reach $1 billion, it reflects the dynamic nature of AI valuation in the market.
5. FTX's Asset Portfolio and Solvency Measures:
- The sale of Anthropic shares adds to FTX's asset liquidation efforts, which include the previous sale of Ledger X to M7 Holdings for $50 million. Furthermore, court documents revealing FTX's holdings in Solana, Ethereum, Bitcoin, and other assets underscore the comprehensive approach undertaken by the exchange to navigate its solvency challenges.
Conclusion:
As FTX ( TSX:FTT ) progresses in its bankruptcy proceedings, the approval to sell its $1 billion stake in Anthropic marks a significant milestone. Beyond the financial intricacies, this development offers insights into the valuation dynamics of AI companies amidst tumultuous market conditions. With each step, FTX ( TSX:FTT ) inches closer to its goal of repaying creditors and charting a new course in the ever-evolving landscape of cryptocurrency exchanges.
By delving into the intricacies of FTX's bankruptcy, the dynamics of AI valuation, and the broader implications for the cryptocurrency industry, this article provides a comprehensive analysis of the recent developments surrounding FTX's $1 billion stake in Anthropic.
FTT - 4H buy opportunityFTT shows signs of accumulation beneath the downtrend line, hinting at a potential surge towards the break-even zone of the last fall. Presenting a solid buy opportunity with a sensible stop loss in place.
An FTT Story: Journey towards 0FTX is no more and it won't restart according to bankruptcy lawyer. According to Binance news, FTX still holding 76% of FTT supply which surely need to be sold at some point and surely will be the end of FTT's value.
The final destination is known, any up moves now selling oppurtunity. I'm shorting with enough margin to cover myself of any spike. My target is 0.0005. Wish me luck :)
FTT/USDT Local trend (Binance trimmed chart) 30 11 2023Logarithm. Time frame 1 day. On the chart I put a screenshot of the missing part of the Binance chart from my closed learning/work idea on this coin, which I have been trading for almost a year (published 5 01 2023).
In those 11 months, 47 local work updates .
FTT/USD Super Risk - Super Profit. FTT hearing dates
Manipulation . On the one hand the Binance exchange is not cheating, because trading was actually stopped on November 15, 2022 of this FTT/USDT trading pair and re-launched on September 22, 2023. Left on this exchange was the FTT/BUSD trading pair that was recently delisted, with the entire chart history (emphasis mine).
A person looking at the chart for the first time would not see this clever, honest forgery on it. That is, no price chart and a pump/dump of a horizontal channel with a 237% pitch and a duration of exactly 311 days, and 3 significant pump ups in that channel range. This is a 4 and possibly an exit from it, at least this triangle is formed above its resistance.
It is worth noting that if you now decide to work with this coin, remember that the price is now at +263% of the average price of the local set. Therefore, limit your risks.
Linear of this zone looks like this .
FTT########
Hi
FTT Now breakout
You can wait for candle 4H to close
Or enter now, and stop loss 2.3$ 4H
FTT update 04feb24SOOO... it iz a great manipulation through da newz, its so unhonest imo, bot it workz.
price goez down (and I lost some also, damn) and we are now in buyin' area.
Consider the structure, I can count two optionz:
FIRST iz a red numbaz, AKAI in japanese :) diagonal+WXY+diagonal\impulse. Its not looks like an Impulse, so I suggest Endin' Diagonal.
SECOND iz yellow and backup variant, zigzag with Triangle (in that way I need to recount Wave (A), but its possible to make an multiple ZIGZAG there.
thrid also iz here, az always - its a scam and we all die) but I hardly doubt it.
OH YEAH BTW - coz Wave (3) was extended, correction till Wave 4.of.(1) iz possible (green line)
AND yeaa -we need some divergence on high timeframe (4h+) to be sure that option 3 will not work :)
FTT high risk high return
I don't have more info to add to this crypto because everybody knows FTX crash and what is happening/will happen its old CEO.
I'm just looking at the chart pattern and find that FTT would be an interesting investement. After falling from the famous $22 level, FTT has been consolidating in a range from $0.8-$3 and this consolidation has signs of an Accumulation Schematic.
Because of the uncertain future of FTX, I will buy FTT here and DCA until below $1 with small amount.
Any news on FTX are welcomed!
Dont worry FTT moves like this First it drops
then ( Green Phase ): Move higher and higher to cover some last candles of drop (But this high will not touch halfway of dip)
Then ( RED phase ): those high are now going to become lows with same resistance and support levels
And when price action reaches the same level that we bottom of previous drop; another Drop starts 😉
FTT LONG IDEA hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
FTX Exchange Confirms No Relaunch Ahead
In a shocking turn of events, $FTX, once touted as a promising cryptocurrency exchange, has officially abandoned its efforts to restart operations. The company's decision comes amid months of negotiations with potential investors, all of whom were reluctant to inject the necessary funds to rebuild the beleaguered exchange. $FTX's downfall has exposed a trail of deception, with founder Sam Bankman-Fried convicted on fraud charges, revealing a troubling lack of infrastructure and responsibility behind the scenes.
The Unraveling of $FTX:
The revelation by $FTX attorney Andy Dietderich paints a grim picture of the exchange, labeling it an "irresponsible sham" orchestrated by a convicted felon. The inability to secure sufficient investment underscores deeper issues, as it becomes apparent that $FTX lacked the foundational technology and administration required to sustain itself as a legitimate business. The fallout from these shortcomings has left 9 million customers in the lurch, facing potential losses running into the billions.
Bankruptcy Proceedings:
$FTX's decision to opt for liquidation instead of a restart signals a turbulent end to a once-prominent player in the cryptocurrency landscape. With over $7 billion in recovered assets, the company aims to repay its customers in full, though complications arise as the repayment will be based on cryptocurrency prices from November 2022, a period when the crypto market was mired in a prolonged slump. This decision has sparked dissatisfaction among customers, who argue that using outdated prices shortchanges them, especially considering the significant rise in Bitcoin's value since November 2022.
Legal Battles and Customer Dissatisfaction:
The legal battle surrounding $FTX intensifies as founder Sam Bankman-Fried faces sentencing on March 28 after being convicted on seven counts of fraud and conspiracy. Meanwhile, customers expressing frustration over the use of 2022 prices face a setback as U.S. Bankruptcy Judge John Dorsey overruled their complaints, citing the inflexibility of bankruptcy law. Despite the clear discontent among users, the road to repayment remains uncertain, with $FTX emphasizing the need to thoroughly investigate legitimate claims before disbursing funds.
Conclusion:
The $FTX saga serves as a cautionary tale for the cryptocurrency industry, underscoring the importance of transparency, responsible management, and regulatory compliance. The fallout from $FTX's demise not only highlights the risks inherent in the volatile crypto market but also raises questions about the viability of other platforms. As the cryptocurrency landscape evolves, the $FTX case will likely be scrutinized for lessons on preventing future instances of fraud, deception, and the resulting turmoil for users and investors alike.
