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FTX

LONG - KNC - Trading OpportunityFTX:KNCPERP has been drawing a symmetric triangle for the past week already, this has been the 3rd bounce from the bottom trendline, looking to take advantage of the move, if it breaks out we will buy again on a retest. Entry: 1.5912 Target: 1.7395 SL: 1.5389 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:KNCPERPLong
by ElMomento
Vechain price may drop sharply.Vechain is a quality blockchain project. It is a project that is in cooperation with many companies and is suitable for the needs of the age. The news that the Vechain team will participate in the World Artificial Intelligence launch in China; vechain over-priced its price. Of course, it is important to make a vechain presentation against world giants leaders, but is it important enough to leave 2x profit? This subject may vary from person to person. Here is the long-term technique of vechain price. Red zones are horizontal and sloping trend areas. The price of vechain, which could not exceed the red area, includes the potential for falling.
Short
by TraderMikabot
6
SHORT - ADA - Trading OpportunityHuge bearish divergence formation on FTX:ADAPERP , although volume has been really strong and other indicators still show bullish, this is certainly a chance that we cannot miss as this divergence has been forming on higher timeframes aswell. Entry: 0.104655 Target 1: 0.09677 Target 2: 0.090905 SL: 0.107590 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:ADAPERPShort
by ElMomento
LONG - ETC - Trading OpportunityAfter slowly melting away for a couple of months FTX:ETCPERP seems to have formed a bottom, and now it is breaking upwards, kumo breakout on the 4h cloud and entering the cloud on the 6h chart, looking quite promising. Entry: 5.9575 Target 1: 6.1735 Target 2: 6.44 SL: 5.8610 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:ETCPERPLong
by ElMomento
#Bitcoin : Clear consolidation range.This is just a simple chart outlining the clear consolidation range Bitcoin is in, expecting swings within the range and until we get a nice close and support/resistance flip outside the range its pretty hard to say where exactly bitcoin will go. We are near the bottom of the range now so its either we keep pumping upwards from here or test the 8600 level soon. You can see the clear defined orders in the heatmap here : media.discordapp.net the yellow lines are high density.
BITMEX:XBT
by Worth_The_Ri5k
BTC and ETH PrepSwap-Spot basis on avg currently positiveComparison BTC and ETH pairs between BitMEX, Deribit and FTX Perpetual Swaps vs Coinbase (Spot) price basis. We can observe an on-going basis pattern currently trending positive (trading with premium). Positive basis is leading information towards funding rate becoming positive as well. Positive Funding rates means Longs pay Shorts Longs paying shorts mean market makers will have the incentive to provide liquidity to longs. Even if that means another 30% rally up but crash bellow price point where funding turned positive is strongly possible. These analysis are nuanced as usual but as we keep trading in the range the more stronger is the bearish case if we dont see the flip to the negative side. Basis being positive means that Funding rates will be affected accordingly to the positive side. When price trading with a premium market makers have the incentive to provide liquidity to longs by being short because they earn the funding. This is particular important at top of uptrend rallies where they can "engineer" another (fomo) rally or an upthrust while knowing that dump is eminent because of the path of least resistance. This can also be used to artificually surpress price moving too much up. Likewise they keep providing strong liquidity to shorts while ensuring that price wont move much and this way allowing alts to have their rally vs btc and eth. So either this is an effort to keep price still trading in the range while allowing alts to run OR it's the beggining of another significant drop in BTC and ETH price.
BITMEX:BTCUSD.PShort
by D7R
2
COMP - Full retrace incoming? Looks not as good now as before, has dumped 44% and weakly bounced. If it loses 200 level, it will completely roll back. I think if bitcoin continues to fall or sideways it will dump. Plan to short a retest of the $240 resistance. The biggest supply APY: 06/21: BAT : 25.45%; for USDT it's 0.1%. COMP: $350 06/21: BAT : 25.28%; for USDT it's 0.15%. COMP: $217 Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
FTX:COMPUSD
by Bitduke
1
Bitcoin - Ranging, Volatility spike soonNothing happens, on HTF bitcoin is slowly moving in the middle of the big range between $10k and $8.6k, printing wicks up and down. I think it should be resolved soon, but how "soon" and which direction is not clear. I'm in a small long from $9375, waiting for the bullish or bearish confirmation. I think volatility will explode soon, so I'm observing MOVE contract on FTX for a short volatility scalp trade. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.PLong
by Bitduke
SHORT - BNB - Trading OpportunityFTX:BNBPERP getting a clear rejection of the top of the 1d cloud making confluence with the MA50, Kijun has been retested multiple times so we doubt it will work as a really strong resistance, looking for previous support and bottom of the cloud as target. Entry: 16.5875 Target 1: 14.99 Target 2: 13.7375 SL: 17.19 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:BNBPERPShort
by ElMomento
Change of Behavior on LOW CAP CRYPTO INDEXWYCKOFF STORY 1. Supply comes in but it is quickly absorbed. A trading range starts. 2. Shakeout and successful test. Phase C is completed. 3. Supply is still present on the top half of the range, but it’s quickly absorbed. The uptrend starts. At point 4 supply comes in on the overbought line of the uptrend channel, a danger point. However, price holds and a test as a higher high on low volume indicate that buyers are accepting higher prices. Price accelerate to the upside, climactic move. Change of Behavior. TACTICS: The uptrend has ended, we are now consolidating. At point the highest supply signature since the beginning of the uptrend suggests that we will likely revisit the support. Trading the Crypto Market with the Wyckoff Method course starts in July www.wyckoffanalytics.com
FTX:SHITPERP
by Wyckoff_Analytics
LONG - LINK - Trading OpportunityAfter FTX:LINKPERP managed to break above the MA200 on the 4h chart, trying to mitigate the huge fall down from before. Now it is retesting once again this important support which also makes confluence with another support. Setting SL at a wick below these lines. Entry: 4.0765 Target 1: 4.2810 Target 2: 4.5165 SL: 3.9955 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:LINKPERPLong
by ElMomento
1
SHORT - MATIC - Trading OpportunityMA200 retest on the 4h chart with no volume, with a soon to be death cross, this is not looking good FTX:MATICPERP , the mainnet hype seems to have been over a long time ago already. Entry: 0.02052 Target: 0.01856 SL: 0.0210780 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:MATICPERPShort
by ElMomento
1
LONG - KNC - Trading OpportunityBINANCE:KNCBTC has finally managed to break above this resistance that had been holding it for quite some time now, after a beautiful retest, it seems like its ready to go for the next resistance. KNC is also a coin that is looking extremely good in the long term, as it's been on an uptrend for quite some time now, even being inside the weekly ichimoku cloud, it wouldn't surprise us if it was to go a couple of hundred percents up from here. Entry: 0.00007856 Target 1: 0.00009021 Target 2: 0.000010195 SL: 0.00007359 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
SHORT - ADA - Trading OpportunityA huge bearish divergence has been formed on FTX:ADAPERP , hoping for a run of the stops then a downfall from there, althought we could be shooting ourselves on the foot right here, as ADA has been a non stop machine for the past few months, this is certainly a chance worth taking though, lets get it boys. Entry: 0.090315 Target 1: 0.084270 Target 2: 0.076960 SL: 0.093845 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:ADAPERPShort
by ElMomento
LONG - ALGO - Trading OpportunityAfter a kumo breakout from the 4h cloud, BINANCE:ALGOBTC has managed to break every boundary stopping it, now resting above the MA200, looking great for a retest of greater highs. Also looking pretty great in the FTX:ALGOPERP pair, ready for a breakout of what seems to be an ascending triangle. Entry: 0.00002371 Target 1: 0.000002634 Target 2: 0.00002802 SL: 0.00002279 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($FTT)Hey fam, we are trying out a new color scheme. Let us know what you think in the comments. FTX has seen some really bullish news recently between getting added to Coinbase Custody and launching FTX US. While having its leveraged tokens being delisted from Binance was a big blow to this up and coming exchange, there are still plenty of reasons to be bullish on FTX's native token FTT. One of the best reasons to be bullish on FTT is the overall uptrend according to our Fractal Trend indicator and the general appetite for exchange tokens in the crypto market. With all that said, while a leveraged long would be exciting based on the FA, the TA isn't exactly giving us a clear entry here especially with BTC struggling to find clear support (see the related ideas below). So for now, let's look at some levels of interest to help plan for a nice long setup later. Currently we are consolidating within a pennant. The bull case here is a rally out of the pennant to the upside. This would help it to retain FTT's overall uptrend since the COVID crash. If the current price structure does not hold, which seems more likely, we can look for lower levels. Below us we see S1 - S3 support as plotted by our Directional Bias and Orderblock Mapping indicators. Of these S1 gives the bulls a solid support level off of which to ensure a continued uptrend. Above us is R1 which will act as resistance regardless of which direction the price action goes, but should specifically be watched if FTT can rally past the top of the pennant. Resources: ftx.us + cointelegraph.com + cointelegraph.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
FTX:FTTUSD
by AlphaBotSystem
3
Possible movements of the total crypto market valueIf you look at the chart, the crypto market value made a bullish rally until the first quarter of 2018. Afterwards, market value; suffered a decline. The first bullish wave acted in a half curve pattern. In the downtrend, we see that it moves in a smaller size curve pattern. The chart now faces very strong resistance; however, a strong rise may come when it crosses this resistance area. If this chart breaks up, it will also break the long-term bull pattern up. This situation may lead to an increase in the market in the medium and long term. Possible movements are shown by the arrow. The direction is up unless the market value is closed weekly below the small curve pattern.
CRYPTOCAP:TOTAL
by TraderMikabot