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IvanLabrie
Aug 30, 2022 6:41 PM

$FTTBTC: Pair trade setup... Long

FTT / BitcoinFTX

Description

I think we can go long FTTUSD against a same size short in BTCUSD, the ratio chart shows there's 95% upside with 5% risk give or take, historically, in bear markets, exchange tokens have done well vs Bitcoin (like BNBBTC did in the prior bear market back in 2018-2020). It might be worth a punt here...Betting on Sam might be a decent gamble, relatively vs Bitcoin at least. You can stake your FTT as well, while you hold the BTCUSD short, but need enough collateral to not be at risk. The bearish case in BTCUSD might still be valid, judging by the action today, which erased yesterday's up bar. It's worth a shot.

Best of luck,

Ivan Labrie.
Comments
Vibranium_Capital
keep up the awesome work
IvanLabrie
@Vibranium_Capital, thanks, best of luck if you take this one.
pirszh
@IvanLabrie, they take nothing, just spamming people in comments among all the TV ideas
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