The FTX Sex Tape Marks a Bottom for Crypto Prices? Trader Predictions
'Sell when the Super Bowl ads hit, buy when the sex tapes hit' was one trading tip from crypto trader Cheds following the FTX scandal.
Cheds (@BigCheds) who has 291,000 followers, is not the only crypto influencer predicting that the FTX sex tape could be a bottom signal - alongside the wider collapse and scandal surrounding Sam Bankman-Fried, Caroline Ellison, Sam Trabucco and others at Alameda that has seen market sentiment hit rock bottom.
NFT investor @jpeggler also tweeted a similar prediction to his 54,000 followers that the SBF sex tape should mark the bottom for crypto prices.
DonAlt, one of the most followed crypto Twitter accounts and host of the TechnicalRoundup show on YouTube, is buying Bitcoin now for a long term hold.
@CryptoDonAlt tweeted the Bitcoin price chart and long set up below to his 441,000 followers (stoploss zero).
CrediBULL Crypto (@CredibleCrypto), who has 337,000 followers, then quote tweeted DonAlt's Bitcoin price prediction in agreement. He's posted similar $100k price targets himself, and higher.
Our resident CryptoNews analyst Jacob Bury is 'starting to accumulate some good alts at fire sale prices and investing in new presales'.
Bitcoin is currently trading at just under $17,000, so far holding the low from November 9th - $15,588 on Binance against USDT.
While he didn't mention the FTX sex tape, Edward Snowden also commented on the 14th that 'for the first time in a while I'm starting to feel the itch to scale back into Bitcoin'.
Elon Musk tweeted the same day that 'BTC will make it, but it might be a rough winter.'
If real, the FTX sex tape is rumored to be released by midnight today, Friday the 18th.
On the 16th @WhaleChart posted the above message, allegedly from an ex-FTX employee.
It reads:
SBF
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