In 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...
FTX filled for bankruptcy, $10 Billion liabilities, no BTC in possession, 10th biggest bankruptcy in the US history.
FBI to extradite Sam Bankman-Fried.
Even Binance doesn`t want to buy it because of the debt.
Most likely it will go to 0.
The idea of "smart investing" comes with the assumption that the market rewards reason and punishes irrationality in the long-term. What they don't tell you, though, is that the opposite is often true in the short-term. If you want to make money, more often than not you do have to have the discipline to move contrary to what most are doing.
It's been almost a...
Hi Traders, Investors and Speculators 📈📉
Losing $22 Billion in one day is probably a record for the books. Let's take a closer look at the Sam Bankman-Fried story...
At 30, SBF is(was) the youngest billionaire in the US. In 5 years, he managed to start the fastest growing DEX (FTX), as well as Alameda Research. He is also well connected. VERY well connected,...
XRP
Intraday - We look to Buy a break of 0.4011 (stop at 0.3839)
0.3993 has been pivotal. Bespoke resistance is located at 0.4000. A break of the recent high at 0.3993 should result in a further move higher. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end.
Our profit targets will be 0.4439 and 0.4499...
Ethereum
Intraday - We look to Buy a break of 1346 (stop at 1293)
Prices have reacted from 1070. A break of the recent high at 1345 should result in a further move higher. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. 1344 has been pivotal.
Our profit targets will be 1479 and 1499
Resistance: 1280...
Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"?
Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months,...
Litecoin
Intraday - We look to Buy at 54.03 (stop at 51.89)
We are trading at oversold extremes. Bespoke support is located at 54.00. We look to buy dips.
Our profit targets will be 59.38 and 60.38
Resistance: 59.00 / 61.00 / 63.50
Support: 57.00 / 55.50 / 54.00
Please be advised that the information presented on TradingView is provided to Vantage...
Bitcoin
Intraday - We look to Sell a break of 15549 (stop at 15931)
A break of the recent low at 15577 should result in a further move lower. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our short term bias remains negative.
Our profit targets will be 14606 and 14206
Resistance: 17000 / 17500 /...
CONTAGION very possible
If things start to unwind
As we saw last week things move at a rapid pace in crypto.
Possible wipeout scenario on the cards...
If they are just rumours , it will recover.
I'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week.
- More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher.
- Increased Liquidity:...
Is FTT about to meet the same fate LUNA did earlier this year? Luna also had a pretty nasty looking head and shoulders that it validated a breakdown from. FTTs is similar although the full measured move is negative 42 dollars which isn’t possible…that doesnt mean the pattern won’t still trigger, it just cant reach the full target….it could very easily drop deeply...
Trade Idea : Sell Bitcoin at Market
Reasoning : Fundamentals of the crypto space are in peril after the collapse of FTX and this will show on BTC. Price broke down from a crucial 18200 support level and we seem to have retested it yesteday and now looking for bearish momentum to continue today.
Entry:17271.00
TP: 15005.00
SL: 18251.39
RR: 2.31
...
Bitcoin
Intraday - We look to Sell at 18699 (stop at 19261)
We are trading at oversold extremes. We look for a temporary move higher. Previous support at 18700 now becomes resistance. Daily signals are bearish.
Our profit targets will be 17311 and 17011
Resistance: 17000 / 17500 / 18000
Support: 16000 / 15500 / 15000
Please be advised that the...
Just confirmed that Binance has acquired FTX
This means that this massive sell-off has made Sam billions in the process
and has left retail holding the bag as FTX froze withdrawals.
