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FTTUSDT trade ideas

FTX Founder Sam Bankman-Fried Sentenced to 25 yearsIn a shocking turn of events, cryptocurrency mogul Sam Bankman-Fried, the founder of FTX, has been handed a hefty 25-year prison sentence for charges including fraud and money laundering. The sentencing, delivered by Judge Lewis A. Kaplan in Manhattan federal court, marks a dramatic chapter in the saga of FTX's downfall. Witness testimonies during the trial painted a grim picture of FTX's inner workings, revealing a culture of risky financial practices and lax oversight. These revelations, coupled with damning evidence presented by prosecutors, led to Bankman-Fried's conviction on seven charges, sealing his fate for the next quarter-century. Prior to sentencing, Bankman-Fried offered a heartfelt apology to those affected by FTX's collapse, acknowledging the profound loss of trust and financial devastation endured by customers, investors, and employees alike. However, his apology could not sway the court from holding him accountable for his role in the debacle. The fallout from Bankman-Fried's sentencing extends far beyond the courtroom, sparking debates about the need for tighter regulatory oversight in the cryptocurrency industry. Many see this case as a cautionary tale, highlighting the potential risks inherent in unregulated financial markets. As FTX grapples with bankruptcy proceedings to recover lost funds and compensate creditors, the broader cryptocurrency community faces a reckoning. The episode serves as a stark reminder of the importance of transparency, accountability, and regulatory scrutiny in safeguarding investors and preserving trust in the digital asset landscape. But the question remains is there hope for TSX:FTT ? As regards the sentencing, the TSX:FTT token plummets by 4.72% trading below its respective moving averages. With a weak Relative Strength Index (RSI) of 45.
Short
by DEXWireNews
1
Alikze »» FTT | Completing the last corrective legIn the daily and weekly time, after a deep correction, it recovered a full movement cycle and then corrected the previous wave in the form of a double correction of 0.23 fibo. It is currently completing the microwaves, wave 2 of 3. 🔰 Therefore, I expect that no new floor will be created in the first phase. 🔰 In the second phase, this movement can continue its growth at least up to the range of 4.74. If it can break the first target, this ascending wave 3 or C will have the ability to reach the resistance targets specified on the chart. However, moving up to Fibo 1.618 can move the important supply area and the beginning of a deep correction. ⚠️ In addition, if it penetrates and stabilizes below Fibo 0.23, this movement scenario will be invalid. 🟩Sup:1.50 ⛳️Tp1 : 4.74 ⛳️Tp2 : 9.16 ⛳️Tp3 : 20.84 ⛳️Tp4 : 29.52 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
1
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)
Long
by theblueinvestor
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.
Long
by Terrapins
5
🚀 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.)
Long
by theblueinvestor
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.
Long
by DEXWireNews