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FTX Crypto Derivatives Exchange: The New Trend In Future Options Trading

 

With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda.

 

More on FTX

FTX crypto offerings consist of futures, FTT token which is leveraged and OTC trading. It has created a niche for itself by its leveraged token and trading indices. Though quite new, trades recorded on it may not have been substantial, but analysts believe with the variety of crypto offerings it’s giving, it may soon witness phenomenal growth.

 

Recently, FTX brought on board its trading indices, eight well-known cryptocurrencies that are China-linked. These are BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET.

 

FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred.

 

Listed on its platform for futures trading are major cryptocurrencies and index coins like Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), Ripple(XRP), Altcoin Index, Midcap Index, Shitcoin Index, and Exchange Token Index.

 

FTX Features

FTX gives you ‘leverage’ on your capital with its leverage time value of more than a hundred.

 

Its futures contract has a time tenure of the current quarter, next quarter and a perpetual future(DRGN-PERP).

 

FTX futures are Stablecoins-settled so this allows you to make deposits with Stablecoins while capturing your profit and loss(PNL) also. Thus, no need for bank account linkage.

 

Flexible collateral which may be Stablecoins or fiat currency.

 

No deposit or withdrawal fee.

 

Low trading fees that target the high volume user.

 

Bonus for sign up through referrals for its users.

 

Being backed by Alameda Research, a top cryptocurrency liquidity provider, FTX has access to top order books.

 

Various payment methods in the form of deposits like TUSD, USDC, PAX, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stablecoins and others which are FTX recognized are accepted on its platform.

 

FTX index futures contracts are the first of its kind.

 

FTX also offers its users the ability to activate 2 Factor Authentication (2FA) using Authy or Google Authenticator.

 

FTT: FTX Leveraged Tokens

Its Leveraged Tokens are ERC20 tokens that help users manage risk while reinvesting profits back into the asset being traded.

 

Is FTX Legit?

Not much can be said as regards this since it is still new but there have not been any regulatory violations or theft cases since its inception. However, details about the FTX method of storage of user funds are relatively unknown.

 

FTX Verification

The need for verification may arise for withdrawals above a thousand USD and for users who wish to increase their withdrawal limits. For this, an identity proof document with proof of address, ID document, the scanned front and back with a picture tagged “FTX” and date may be required.

 

Ending

FTX Exchange has created a niche for itself although it is advised for users to use the online tool and learn more to make the best choice of any trading tool or exchange.

 

Source: https://learn2.trade 

 

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https://www.offshorealert.com/bitcoin-manipulation-abatement-llc-v-ftx-trading-ltd-alameda-research-samuel-bankman-fried-lawsuit.aspx

Bitcoin Manipulation Abatement LLC v. FTX Trading Ltd. et al: Complaint

 

Complaint alleging cryptocurrency market manipulation, RICO, and fraud in Bitcoin Manipulation Abatement LLC, of Puerto Rico v. FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, of Delaware; Alameda Research Ltd., of the British Virgin Islands; Samuel Bankman-Fried, of California; Gary Wang, of California; Andy Croghan, of California; Constance Wang, described as a citizen and resident of Hong Kong; Darren Wong, of California, and Caroline Ellison, of California, at the U. S. District Court for the Northern District of California.

 

 

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A Multitude of Allegations Against FTX

According to the lawsuit, the defendants were caught red-handed attempting to manipulate the prices of Bitcoin futures on Binance. The defendants reportedly dumped futures contracts worth 255 BTC in an attempt to produce an “artificial price move that would trigger cascading execution of stop-loss orders and liquidations of futures long positions.”

Besides this, the plaintiff alleges that the defendants used multiple brokerage accounts to manipulate the market using methods that have been previously deemed illegal by the U.S. Securities and Exchange Commission (SEC). Additionally, FTX is accused of running an unlicensed money transmitting business with its OTC desk, while claiming that FTX sold around 50 million FTX tokens (FTT) to U.S. citizens at steep discounts.

The plaintiff BMA is currently seeking exemplary and punitive damages against all defendants, totaling $150 million.

https://beincrypto.com/ftx-cryptocurrency-exchange-hit-with-150-million-nuisance-suit/

 

So when you read in the above review..... 'FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred'.

.....You know they are targeting the usual brain dead idiots that lose their money and come crying here when they can't withdraw funds.

 

Any fkn stupid questions?

 

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And remember,

every time you read something by Anal75

(assuming anyone actually does)

he was unmasked years ago as a chiselling little crook who calls people who complain 'stupid'

Once a Nigerian scammer, always a Nigerian scammer.

And we know that the truth is considered to be racism theses days

But we just don't fkn care.

 

 

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Tips On How Best To Handle Bitcoin Market Crashes

In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take?

Below are a few things an investor can do to weather the storms of a market crash.

 

Maintain a Calm State of Mind

Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions must be in check at all times. Allowing your emotions to cloud your judgment in unfavorable market conditions is never the best option and in most cases, ends in disappointment and regrets. What you should do instead is take a break, evaluate what is happening and make logical decisions.

Most times, it is best to do nothing rather than taking an action that might end up going against you.

 

Try Not to Obsess

Sitting in front of your screens all day is not going to change anything happening in the markets. Spending time making analysis and plotting charts is fine, but don’t waste hours obsessing over the predicament you might be facing. It is advisable to engage yourself with something more constructive.

However, if you still have to trade, select a limit order and move on to something else.

 

Do Not Lose Focus of the Main Aim

The fact that Bitcoin may be facing a crash at a time does not mean that the overall demand for Bitcoin is gone, it is usually just a temporary downturn. The crypto market possesses the most assorted investor base of any other sector, it is safe to say that the market will almost certainly bounce back.

Always adhere to your trading strategy. Do not let the current situation drive you to make drastic trading decisions only for the market to turn around days later, causing you further losses or opportunities.

The crypto market is an extremely erratic playing field and huge plunges and rallies are always expected.

 

Source: https://learn2.trade 

 

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EOS Begins A Gradual Rally; Can It Reach The Resistance Level At $6?

 

Key Resistance Levels: $5, $6, $7

Key Support Levels: $3, $2,$1

 

EOS Price Long-term Trend: Bullish

EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up the price ladder.

 

Previously, the bulls have successfully prevailed over the downtrend line as the coin moves up. Similarly, if the current resistance level is surmounted, the coin will move up again to either $4.60 or $5 price level. Nonetheless, if EOS fails to move up, the coin will fall and find support at $3.20.

 

EOSUSD - Daily Chart

Daily Chart Indicators Reading:

The RSI period 14 levels 58 signify that EOS is falling and approaching the sideways trend zone. EOS is at the point of a bullish crossover which means that EOS may rise. The downtrend line has already been broken as the market went up. It is unlikely for the selling pressure to resume and price fall below the downtrend line. If it does price may retrace to a low of $ 3.20.

 

EOS/USD Medium-term bias: Bullish

On the 4-hour chart, the EOS fell to a low of $2.60 in September and October to resume a bullish move. In September, the market went up but was resisted and it dropped to another low at $2.60.

 

At this low, a trend line is drawn to establish the level of price movement. The uptrend is said to be continuing if the price makes higher highs and higher lows. Nevertheless, if the market falls and breaks below the trend line, the uptrend is said to be ended.

 

EOSUSD- 4-Hour Chart

4-hour Chart Indicators Reading

EOS is below 40% of the stochastic indicator signifying that price is in a bearish momentum. The EMAs are trending upward suggesting that EOS is rising.

 

General Outlook for EOS

EOS is in a bullish market. At a low of $2.60 in September the bull market was short-lived as it was terminated at $3.20 price level. The bulls embarked on another bullish move in October but faced another resistance at $3.70 after breaking the initial resistance at $3.20.

 

As already indicated in the price analysis, EOS may move up, if it takes care of $3.70 price level. However, on the 4-hour chart, if EOS pulls back and breaks below the trend line, the market will drop again.

 

EOS Trade Signal

Instrument: EOSUSD

Order: Buy

Entry price: $3.40

Stop: $2.50

Target: $6.0

Source: https://learn2.trade 

 

 

 

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0X (ZRX) Continues To Disappoint Investors

Key Resistance levels: $0.30, $0.35, $0.40
Key Support Levels: $0.20, $0.15,$0.10

ZRX/USD Price Long-term Trend: Bearish
The ZRX/USD pair is in a downward move after the market retests the $0.30 price level. In October, the coin was in a bullish move and tested the $0.35 resistance level. The bulls tested the $0.35 price level again and formed a bearish double top. With the formation of the bearish double top, the coin fell to the support line of the channel.

The bulls may a retest at the $0.30 price level and resumed the downward move. The market has fallen to a low of $0.27 and it is consolidating above that level. This was the previous low in May. However, if the price breaks below $0.27, the pair will drop to a low at $0.20. Nevertheless, if the $0.27 support holds, the price will move up.

ZRXUSD-Daily Chart

Daily Chart Indicators Reading:
The price has fallen to the support of the 50-day SMA and if the 50-day SMA holds, the 0x will move up to retest the resistance level. The RSI period 14 level44 indicates that the price is in the range-bound zone.

ZRX/USD Medium-term bias: Ranging
The bulls move up to test the resistance at $0.35 on two occasions and commenced a sideways move. The coin is fluctuating between the levels of $0.27 and $0.35. Nevertheless, the bears tested the support line and rebounded. The pair is likely to continue with the sideways move.

ZRXUSD-4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are trending horizontally indicating that price is in a sideways move. The stochastic indicator is above the 40% range indicating that price is in bullish momentum.

General Outlook for 0x
The ZRX/USD pair is in a downward move but the price is ranging above the $0.27 support level. After the sideways move above $0.27 and if the bears break below the support level, the selling pressure will resume.

0x Trade Signal
Instrument: ZRXUSD
Order: Buy Limit
Entry price: $0.25
Stop: $0.20
Target: $0.35

Source: https://learn2.trade 

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EURUSD Is Dominated By The Bull Market Throughout As The Pair Seek To Recover

EURUSD Price Analysis – November 18

The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day.

Key Levels
Resistance Levels: 1.1501, 1.1412, 1.1278
Support Levels: 1.0989, 1.0879, 1.0780

EURUSD-Daily-Nov-18.png
EURUSD Long term Trend: Bearish

EURUSD at the moment, the rebound from the 1.0879 level is initially seen as a remedy and, in the case of a further increase, the increase may be contained by the level at 1.1412 retracements from the level at 1.0879.

Although the downward trend from the 1.1501 (high) level may resume later. However, the sustained plunge from the 1.1412 level may change this bearish position and lead to a greater increase in the retracement to the level at 1.1501.

EURUSD-4-HOUR-Nov-18.png
EURUSD Short term Trend: Ranging

The EURUSD intraday bias stays neutral for the initial position and a further plunge is anticipated as long as the resistance remains at the level at 1.1073. Also, the corrective rebound from the level at 1.0879 is expected to end at 1.1501.

Meanwhile, past the low of the level at 1.0989, the bias will be revised downward to repeat the low of the level at 1.0879. However, the breakout of the level at 1.1073 may soften this bearish trend and push up the bias for the level at 1.1175.

Instrument: EURUSD
Order: Buy
Entry price: 1.1073
Stop: 1.0989
Target: 1.1412

Source: https://learn2.trade 

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Bitcoin SV Makes Upward Corrections But Struggles To Push Price Above $110

Key Resistance levels: $220, $240, $260
Key Support Levels: $160, $140,$120

BSV/USD Long-term Trend: Bullish
Bitcoin SV is making a surprising upward move after surviving a downtrend from the overhead resistance at $150. The coin fell to a low of $92 and commenced a bullish move. The price upward move can be sustained if the bulls overcome the initial resistance at $115 and $ 120.

Presently, the coin is trading at $108, attempting to break above the previous low in July. In July, the previous low was supported as the market moved up to the $180 price level. Today, the previous low is a resistance level, the price has to break above that low and close. However, BSV will fall to the low of $80, if the bulls fail to break the initial resistance levels.

BSVUSD-Daily Chart

Daily Chart Indicators Reading:
Bitcoin SV is in a bullish momentum above 20% range of the daily stochastic. The market is expected to rise and revisit the previous high of $140. The rise of BSV is depended upon the bulls breaking above the 21-day and 50-day SMAs. The price will be in the bullish trend zone if the price is above the SMAs.

BSV/USD Medium-term bias: Bullish
On the 4-hour chart, the price tested the support above $92 before embarking on the bullish movement. The formation is in the form of a bullish double bottom indicating that the coin is likely to rise. The coin is expected to rise above the $120 and retest the overhead resistance at $140.

BSV-4-Hour Chart

4-hour Chart Indicators Reading
There are prospects of the coin rising because the price is above the 21-day and 50-day SMAs. The RSI period 14 level 53 indicates that price is above the centerline 50 which means Bitcoin SV is in a bullish trend.

General Outlook for Bitcoin SV (BSV)
Bitcoin SV is in a bullish momentum. All the indicators are showing signs that BSV is in a bullish trend except the moving averages. On the daily chart, the price bars are still below the 21-day SMA and the 50-day SMA meaning that the coin is the bearish trend zone. The 50-day SMA is acting as a resistance to BSV. However, the coin will be in an uptrend once the price is above SMAs.

BSV Trade Signal
Instrument: BSVUSD
Order: buy
Entry price: $105
Stop: $92
Target: $140

Source: https://learn2.trade 

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USDCHF: Upside Momentum Attempt At Parity Losses Steam, Running Into Sellers

USDCHF Price Analysis – November 26

The USDCHF reached a new daily high of the level at 0.9987 at the start of the European session but failed to maintain momentum as investors refrained from taking important positions pending further developments on the trade dispute between the United States and China. At the time of writing, the pair was up 0.07% on the day on the level at 0.9970.

Key Levels

Resistance Levels: 1.0231, 1.0126, 1.0027
Support Levels: 0.9869, 0.9798, 0.9659

USDCHF-DAILY-Nov-26.png

USDCHF Long term Trend: Bullish

Overall, only the medium-term trend stays neutral, with USDCHF remaining in the range of the level at 0.9659 / 1.0231. In all cases, a decisive break of the level at 1.0231 is needed to indicate a recovery of the uptrend.

Otherwise, a more parallel trend may lead to another plunge. Meanwhile, the support break of the level at 0.9890 may instead target support on the level at 0.9841. The outlook is bullish, displaying yet an intact uptrend in the short and long-term trend.

USDCHF-4-HOUR-Nov-26.png

USDCHF Short term Trend: Bullish

The USDCHF is losing ground from the upside, as shown by the 4-hour RSI. But with minor support intact on the level at 0.9949, the intraday bias stays slightly higher. Consolidation starting on the level at 1.0027 should end at the level at 0.9869.

A new advance may be seen to test the level at 1.0027 again first. While a break there may resume its total advance from the level at 0.9659 to retracement from the level at 1.0237 to 0.9659 to 1.0126. On the flip side, a break of the level at 0.9949 minor support may tip the balance forward to extend the consolidation with another foot down.

Instrument: USDCHF
Order: Buy
Entry price: 0.9964
Stop: 0.9890
Target: 1.0231

Source: https://learn2.trade 

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GBPUSD Price: Following Recouping From The Low, British Pound Anticipates Upward Momentum

GBPUSD Price Analysis – December 1

The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes off towards the level of 1.3185, and then possibly even the level of 1.3301 depending on the extent buyers push the FX pair.

Key Levels
Resistance Levels: 1.3301, 1.3185, 1.3012
Support Levels: 1.2768, 1.2582, 1.1958

GBPUSD-Daily-Dec-1.png

GBPUSD Long term Trend: Bullish

In the longer term, the increase from the level at 1.1958 is viewed as consolidation from beneath. A new advance towards resistance on the level at 1.3301 may be seen. At the moment, this may continue to be the preferred scenario as long as the level at 1.2582 resistance turned support stays intact.

However, the firm break of the level at 1.2582 may shift the target towards the level at 1.1958 low and further beneath. The outlook stays bullish, displaying an intact uptrend in the short and long-term.

GBPUSD-4-Hour-Dec-1.png

GBPUSD Short term Trend: Bullish

GBPUSD remained in consolidation since hitting the level at 1.3012 in the prior week while the trend is unaltered. The initial bias may stay neutral initially for this week. The retracement may be limited by the level at 1.2768 support.

Although on the positive side, the break of the level at 1.3012 may reactivate the entire rally from the level at 1.1958. However, the break of the level at 1.2768 may advance a further plunge to the level at 1.2582 resistance turned support.

 

Source: https://learn2.trade 

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Monero (XMR) Faces Selling Pressure After Breakout Attempt

Key Resistance levels: $70, $80, $90
Key Support Levels: $40, $30, $20

XMR/USD Price Long-term Trend: Bearish
The coin had been trading above $50 in October in a sideways trend. In November, Monero made a positive move and broke above the $60 price level. The bulls could not sustain the move above the upper price level as the coin was resisted at $65. Monero drops and breaks the low at $50 to a new low of $47. The coin is falling after pulling back to retest the previous low at $50. There are indications that the coin will fall as the previous low has been broken. If the selling pressure continues, the price will reach the lows of either $34 or $40.

XMRUSD-Daily Chart

Daily Chart Indicators Reading:
The downward move has been characterized by a series of lower highs and lower lows. The coin retested the resistance line and made a downward move. The price may fall and reach the lower lows of the support line. The XMR has fallen and reached level 42 of the daily RSI period 14. It also indicates that the coin will fall as it is below the center line 50.

XMR/USD Medium-term bias: Bullish
On the 4-hour chart, the pair drops to the low of $46 and commences an upward move. The upward move was short-lived as the coin was resisted at $56. If the coin continues its falls and breaks below $46, the downward move will resume.

XMRUSD-Daily Chart

4-hour Chart Indicators Reading
The coin falls to the support of the 26-day EMA, if it breaks below it, the coin will resume depreciation. The pair is now trading in the oversold region below 20% of the daily stochastic. This indicates that the market is in a strong bearish momentum.

General Outlook for Monero (XMR)
Monero is trading in the bearish trend zone which tends to fall. Nevertheless, all the indicators are showing bearish signals. The coin is falling after testing the resistance line, if the coin holds above the support at $50, Monero will make an upward move. On the other hand, if it drops below $47, the downtrend will resume.

Monero (XMR) Trade Signal
Instrument: DASH/USD
Order: Buy Limit
Entry price: $47
Stop: $30
Target: $60

 

Source: https://learn2.trade 

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