FTT (FTX) WHY THE CHART TA SHOWING A INCREASE?Thank you for reading our update. Please keep in mind that this is not trading advice.
FTT is considered one of the riskier cryptocurrencies. After its recent drop, it has remained relatively stable for a while. The latest data suggests that FTT could potentially rise back to the $2 level.
Should we view this technical analysis alert as a chance for the coin to rebound? Trading always involves uncertainty, so we'll keep an eye on FTT in the near future to see if it unexpectedly climbs back to $2.
There is a high market cap that still is activating on the FTT..
'Is there a news known that we don't know, or is this just a fake signal from the TA.. we will see.
FTT
❗ WATCH OUT 👎 SCAMS & WORST Crypto's for 2023Hi Traders, Investors and Speculators of Charts📈📉
Many of these projects might come as a shock and be disappointing.
As the markets evolved and crypto regulation has taken a more prominent stance; scammers have had to become smarter. The latest trend seems to be a rug pull and then just let the rest of the project's liquidity bleed out. In other words, remain borderline active as they drain more and more funds over a longer time.
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like LUNAUSDT / TERRA happens.
📛 C+CHARGE / CCHG USDT 📛
Initially, the fundamentals sounded noble. But after some research, most members of the team are unverified and there has been no real project activity since late 2022. Apart from this, a coin that loses near 100% is ALWAYS a bad sign and indicates a rugpull, more than anything else.
📛 LUNC As seen on the chart / Terra Classic 📛
A noble rescue at first... TerraClassic community continues to create social media buzz based on the idea that brokerages listing LUNC will implement a burn tax that'll reduce the max supply of close to 6.9 trillion tokens. But even burning billions of coins won't have an impact with a max token supply this large.
The bigger problem is that TerraClassicUSD has de-pegged and its native coin Terra Classic no longer serves any purpose. With all blockchain work now revolving around the new Terra, Terra Classic and TerraClassicUSD are shell investments, with nothing to back their value.
📛 FTT / FTX Token📛
Why Kukcoin hasn't delisted this is beyond me... Te infamous token of the Sam Bankman Fried saga, more on it here:
📛BURGER / BURGER COIN 📛
. .. REALLY ?
📛 PIZZA 📛
AGAIN, really...
📛 Bitcoin Gold / BTGUSDT 📛
Bitcoin blockchain underwent a fork in 2017 called BTG. Although the fork was meant to produce a more decentralized form of Bitcoin, it has not been successful. BTG was created to address the issue of mining centralization in Bitcoin, but it has not been able to achieve its goal due to the emergence of specialized mining hardware.
Just DON'T. DON'T DO IT. Buy the real thing instead.
📛 PITBULL / PIT 📛
I'm letting the dogs out on this one.. That decimal is basically falling off my screen.
📛 BLUR / BLURUSDT 📛
__________________________
💭 All the above said. Let's discuss a few ways to navigate this wild west market:
- Research the team . Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. Check out their Twitter and Reddit. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment.
_______________________
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We thank you for your support !
CryptoCheck
PANCAKESWAP:CCHGUSDT_A8BAB1 BINANCE:LUNCUSDT BINANCE:LUNCBUSD KUCOIN:FTTUSDT BINANCE:BURGERUSDT MEXC:PPIZZAUSDT OKX:BLURUSDT OKX:PITUSDT BYBIT:BTGUSDT
FTTUSD Rebounding off the 1D MA200 and targeting the 2023 High.FTTUSD, the FTX Token, held the 1D MA200 and since yesterday it is rebounding with aggression on a 1D timeframe that turned bullish again (RSI = 61.498, MACD = 0.102, ADX = 42.568). As the LMACD is about to form a Bullish Cross, this leg is the second wave of the rally to the R1 we spoke of last month. We are therefore adding an extra long, targeting the Resistance (TP = 2.7000).
Prior idea:
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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 🦄
The Potential Revival of FTX: A Bet on FTT - FTX 2.0Another fairly simple idea... Buying FTT with the expectation that FTX 2.0 will be launched. Some major players in the crypto space are pushing for the relaunch of the exchange, and this account is from a coalition of FTX traders that want to revive the exchange. twitter.com
I believe that the exchange can be relaunched. Why? What would be the benefit? It would be a clean slate. No issues with regulators and a huge customer base. If the FTT token remains, then it wouldn't be a security.
Relaunching the exchange when other exchanges are under pressure and the SEC is cornered is the best time to do it. It's one of the ways to give money back to customers slowly and have people trade on it. Allowing creditors to trade their claims, distributing illiquid holdings rather than selling them for nothing, and having a solid community that wants to see the exchange succeed would greatly benefit everyone involved.
As I mentioned in my recent ideas, the SEC is cornered; they will try to do anything they can to regain trust and stability. For example, they 'postponed' a fine on BlockFi to help their customers get more money back. With many new traditional firms wanting to enter the game, it would be easy to sell FTX and have it relaunched. The SEC has done a lot to damage ordinary crypto users with all of its mistakes and aggressive policies, and it is now at a point where it will be forced to soften its tone.
Maybe FTT goes to 0 if the token becomes useless either because the exchange isn't relaunched or if it's relaunched, it's relaunched without the use of FTT. However, if it is used for anything, if the exchange relaunches, it could rally hard from here. Under new management, it could even trade back to where it was before the collapse. Overall, FTT is a potential 5-10x from here, as it's trading on most exchanges outside the US, isn't trading on US exchanges (won't be delisted), and probably won't be deemed a security by the SEC.
To close things up, FTTUSD is in a range. It first took out its high at 3$ and then its low at 0.8$. Therefore the next move from here is going to be higher. FTTBTC is showing massive bullish divergence and is slowly trying to reverse its bearish trend. Putting a small amount in FTT and forgetting about it, like a mini investment or long-term call option, is probably a good idea.
The Potential Revival of FTX: A bet on FTT - FTX 2.0Hey guys, my idea on FTT got banned. This is a repost of the idea without the part that got it banned. I initially shared the idea when FTT was at 1.32$, and it's now at 2$. In case they unban it, this is the idea. That's the link to my idea
My only other proof is the screenshots I shared, but that's the only thing I could do. I am quite upset because it was a perfect idea right before the announcement that efforts to revive the exchange were official and the process was on. I tried to contact the moderators here, but they insist that because I shared a link, my idea had to be banned. My idea got banned because I mentioned the account of a coalition of some FTX creditors who have been trying to resurrect the exchange for months. Again, I don't get that policy, especially as Tradingview allows people to share links on these ideas, but these are the rules. All I have to say, is if you are sharing any ideas, make sure you don't share links from outside sources.
The idea
'Buying FTT with the expectation that FTX 2.0 will be launched. Some major players in the crypto space are pushing for the relaunch of the exchange, and this account is from a coalition of FTX traders that want to revive the exchange.
I believe that the exchange can be relaunched. Why? What would be the benefit? It would be a clean slate. No issues with regulators and a huge customer base. If the FTT token remains, then it wouldn't be a security.
Relaunching the exchange when other exchanges are under pressure and the SEC is cornered is the best time to do it. It's one of the ways to give money back to customers slowly and have people trade on it. Allowing creditors to trade their claims, distributing illiquid holdings rather than selling them for nothing, and having a solid community that wants to see the exchange succeed would greatly benefit everyone involved.
As I mentioned in my recent ideas, the SEC is cornered; they will try to do anything they can to regain trust and stability. For example, they 'postponed' a fine on BlockFi to help their customers get more money back. With many new traditional firms wanting to enter the game, it would be easy to sell FTX and have it relaunched. The SEC has done a lot to damage ordinary crypto users with all of its mistakes and aggressive policies, and it is now at a point where it will be forced to soften its tone.
Maybe FTT goes to 0 if the token becomes useless either because the exchange isn't relaunched or if it's relaunched, it's relaunched without the use of FTT. However, if it is used for anything, if the exchange relaunches, it could rally hard from here. Under new management, it could even trade back to where it was before the collapse. Overall, FTT is a potential 5-10x from here, as it's trading on most exchanges outside the US, isn't trading on US exchanges (won't be delisted), and probably won't be deemed a security by the SEC.
To close things up, FTTUSD is in a range. It first took out its high at 3$ and then its low at 0.8$. Therefore the next move from here is going to be higher. FTTBTC is showing massive bullish divergence and is slowly trying to reverse its bearish trend. Putting a small amount in FTT and forgetting about it, like a mini investment or long-term call option, is probably a good idea.
FTT wants to break accumulation zoneFTT / BUSD
We made 166% profits from absolute bottom in my last analysis about #FTT , check here my old idea :
Here what i think now :
the movement is too strong , price wants to breakout long accumulation . And if that happens a movement like BCH will occur (Only a valid breakout to make such movement )
We need good news/announcements about FTX to fuel this pump much more
Note : trading this token is risky
I think FTX will make comeback at somehow
Do you think the same ? Share with me in comment section below ⬇️
FTX Restarting...Price Road Map
hey traders, if FTX to relaunch then this chart might be a good and valid as a price road map.
if the move is ideal then on early August 2023 might hit "wave V" target.
the invalidation line is on chart.
if you like it then hit the like/ Boost button :-)
good luck
FTT chart analysis FTT / BUSD
The coin made a new low last few days and recently reclaimed the its key support
(Stoploss / liquidity taken )Many coins make such move at the bottom before major rise
The price must hold above blue support in weekly basis otherwise it will drop again
Note 1: trading this coin is considered a very high risk so if you want to trade it use small amount with strict risk management
Note 2 : any fundamentals news (good or bad about FTX will have great effects on price action
Many asked me about TSX:FTT hope this helps
Thanks
FTT Resurrection - The Dead Cat BounceThey have a saying: "From zero to hero".
FTTUSD did the opposite: "From hero to zero". :))
Actually, the same potential rug-pull as LUNAUSD & USTUSD did..
It's doomed, dead coin, money gone, investors and holders smashed.
Or is it?
What if a miracle happens?
Do you believe in miracles?
Remember how LUNC & LUNA somehow still managed to get a pulse?
Remember the Covid Crash, and how Crude Oil USOIL hit $0 and minus on futures?
The Dead Cat Bounce Technical Analyis:
* Elliot Wave Flat Correction: Primary A-B-C (red)
* Harmonic Pattern: Bullish Cypher
* 88.6% Fibonacci Retracement
* 200% Fibonacci Extension
* Demand Zone
Can this deliver at least a Dead Cat Bounce move?
Or is this coin gonna be wiped out?
What if somehow it's gonna be rescued?
It will be the biggest come-back in the Crypto history...
FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX.
> Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles.
> For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried).
> The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves.
> After asking for evidence, the answer was indirectly dodged.
Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens.
As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk.
It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles.
> With this he poured oil on the existing fire and the situation could escalate at any time.
> Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash.
The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford.
> Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. .
We are, with the course, at several last SUPPORT levels.
> Should these be significantly broken, it will be a fast descent!
> If the rumors are true, this will additionally mean another sell-off for the crypto markets.
RELEVANT LEVEL
- 22.00 USD
- 20.00 USD
- 19.82 USD (SIGNIFICANT BREAK = crash)
WEEKLY VIEW
3 DAY VIEW
DAY VIEW
> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
Awaiting regrowth FTTKUCOIN:FTTUSDT
With the investigations done in terms of time analysis, we determined two dates for the rise (green color) and two dates for the price drop (red color) in the chart.
We expect the price to start increasing when it reaches our target date.
Part of the chart is repeated from the past
FTTFtx relaunch in next 30 days. FTT will rise again and go to 5$.
They have on their hands almost all the debts that they owe.
Nobody expects such an outcome. Everyone thinks this is the end. But everyone is wrong.
Binance pretends that the token is on the verge of delisting) Binance is one of the largest holders of the token. And most of all are interested in restarting of FTX.
FTT an easy quick mini profitHere' s a mini opportunity for a mini move from FTT token. Momentum seems ready for a short time period. I don' t expect a huge pump but this may be profitable if BTC does not dump further. Pricing below 1.78 is the invalidation and SL of this scenario. Good luck!
Not financial advice.
FTT midterm potential FTT / BUSD
Price is playing in ascending broadening wedge and it seems it found its support
Potential target for this pattern is 5$-6$
Support in my chart must hold to remain bullish
Strong disbelief can lead to strong recovery
Will FTT comes back again ?
Its High risk high reward setup
Best of wishes
FTTBUSD TOKEN PUMP 127% , NEXT MOVEFTT coin almost pump upto 127% in last 24 hours... and touch its resitance area at 3$.
failed to break its resistance area at 3$.
now possible we see again bounce back in ftt coin price from 2$-1.80$.
if you buy ftt coin few days ago around 1.20$ then book your profits and waite for correction.
if according to latest news ftx exchange relounch in Q2. then we see huge pump in ftt coin price in next 1-2 month.
i will invest 5-8% of my portfolio in ftt coin according to shared analysis.
if you want then invest at your own risk.
do your own resaerch before follow me.
follow me for latest updates about crypto.
FTX Discloses Significant Asset Shortfall in Company's PresentatAfter extensive efforts, the leader of FTX and FTX US has reported the discovery of billions of dollars in debt on both exchanges.
FTX US, a leading digital asset platform, has announced a total of $374 million in assets, with the majority of the sum held in associated accounts. This marks a significant increase in the platform's financial stability since its establishment. Additionally, FTX has reported positive results for its less liquid "Category B Assets", including its own FTX Token (FTT).
However, FTX wallets have a net borrowing of $9.3 billion from its sister trading firm, Alameda Research, with FTX US owing Alameda $107 million. This suggests an increasing financial connection between the two firms and may have important implications for the cryptocurrency industry.
Meanwhile, FTX Japan users have welcomed the news of the platform's ability to withdraw funds as an "escape" from the platform.
In terms of corporate leadership, John J. Ray III, the chief restructuring officer and CEO of FTX, has emphasized the company's commitment to transparency and public disclosure.
It has taken a huge effort to get this far. The exchanges' assets were highly commingled, and their books and records are incomplete and , in many Cases, totally absent.
In contrast, Nishad Singh, a former engineering director at FTX, has pleaded guilty to multiple counts of fraud in a US district court and now faces potential prison time and fines.
Finally, the US Justice Department is facing increased pressure as billionaire trader Sam Singh has filed a plea to halt the investigation into the cryptocurrency industry led by rival billionaire Mike Bankman-Fried, following news of several close associates agreeing to cooperate with prosecutors.
Note: This article was written by an independent author and does not represent the publisher's views.
If you find my content useful, please consider liking and sharing it.
Additionally, I encourage you to follow me for future real-time updates on the cryptocurrency market.
Thank you for your support.
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.