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This is comparison of FTX Tokenvs Binance Coin, so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
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.
This is comparison of FTX Tokenvs Binance Coin, so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
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.
Trade closed: target reached:
🎯 Wow that was absolute spiller!
Comment:
Prolly not done yet. BTW check the Tweet I posted month ago:
Comment:
So FTTBNB dropped further down like a rock. As the FTTBNB pair has been delisted from Binance, you can't "play" the original idea anymore, it doesn't load the new dat, but here is the actual ratio:
It's down another -70% since my comment from Nov 9.
Anyway here comes new bearish setup on FTTUSDT:
Anyway here comes new bearish setup on FTTUSDT:
FTX seems to be in some real troubles and interestingly enough it has a lot of to do with Binance.
"Show me the chart and I will tell you the news" Bernard Baruch
#NewsBeforeTheNews