Best Twitter threads of the day – January 18th

Just got ahold of the FTX bankruptcy docs

A $65 billion back door, super users, a $1.7B hot wallet and $253M of Bahamian real estate

Let's take a look

👇🧵

— NickH ⛏️ (@hash_bender) January 18, 2023

The $65 Billion Backdoor

Alameda had the ability to borrow WITHOUT COLLATERAL up to $65B from customer funds

Alameda didn't have to post collateral and was allowed to trade on artificial collateral. pic.twitter.com/o7d1MoFPC1

— NickH ⛏️ (@hash_bender) January 18, 2023

Super User / God Mode

Alameda Research and a small group of individuals (who??) had the ability to remove assets from the exchange by *directly accessing* the private keys 🤯🤯🤯 pic.twitter.com/lLVuZW4Zgm

— NickH ⛏️ (@hash_bender) January 18, 2023

Hot Wallets

FTX had hot wallets with over $1.7B. The vast majority of the funds left at FTX were in hot wallet storage. pic.twitter.com/dHppUvqJ0I

— NickH ⛏️ (@hash_bender) January 18, 2023

Bahamian Real Estate

FTX has $253M worth of real estate located throughout Nassau pic.twitter.com/MKEOaDb45Q

— NickH ⛏️ (@hash_bender) January 18, 2023

Market outlook for next few weeks, a thread.
1. #ETHUSDT chart is bullish. 99.69% we will close above 200W SMA (Blue line) and 2018 ATH (Yellow line). These 2 and in line with each other's and acting as strong Sup/Res from June, which is why they are important.#Crypto #ETH pic.twitter.com/gUcKgRWoku

— Degen Ape Trader (@oesnetwork) January 15, 2023

2. The Green Box is like a border between Distribution and Accumulation phase. If we can break out of that box, expecting price to continue to move to the Red Box, with of course a lot of resistance in between.

— Degen Ape Trader (@oesnetwork) January 15, 2023

3. Remembering that the Sellers has not much coin to fight back after the events of #Luna, #3AC and #FTX, which explains the parabolic move.#Luna, #3AC and #FTX , which explains the parabolic move.

— Degen Ape Trader (@oesnetwork) January 15, 2023

4. The Orange draw is my expectation of price action in the next few weeks. Green Box is a tricky area when both Long and Short will be liquidated in a Darth Maul lightsaber manner.

— Degen Ape Trader (@oesnetwork) January 15, 2023

5. The bullish case is the Green Arrow, when a bounce of $2000 jump to the Red Box. The Red Arrow is a not really bullish scenario, when we buyers have to defense the border against seller invasion.

— Degen Ape Trader (@oesnetwork) January 15, 2023

6. #Macro thing is not much important in the next few weeks until the CPI data. #Fed fund is 90% at 0.25 bps raise. #PPI #PPE and #GDP can affect intraday vol but cannot change the market structure.

— Degen Ape Trader (@oesnetwork) January 15, 2023

7. Non farm payrool beats the forecast number 9 times in a row. If it continues the pattern, the impact to market is just for intraday only, so not much to worry much about #NFP.

— Degen Ape Trader (@oesnetwork) January 15, 2023

8. #US500 chart is looking good with LH structure, even with the bad forecast earning season. However, we do not know how bad it could be, so that remains an unknown risk. pic.twitter.com/2q5kLUrFCw

— Degen Ape Trader (@oesnetwork) January 15, 2023

9. #DCG is another elephant in the room. Some said it is priced in, but since we have not much information, I consider it as another unknown risk.

— Degen Ape Trader (@oesnetwork) January 15, 2023

10. TLDR; #ETHUSDT chart looks bullish unless we daily/weekly close under 200W SMA or 1400 level.
There are risks with bad earning season and DCG liquidation, but it is unknown so better being bullish with caution.
Macro number does not matter much until next #CPI.

— Degen Ape Trader (@oesnetwork) January 15, 2023

Plan:
1. Hold #ETH spot, don't try to sell high buy low to increase your bag, it usually doesn't worth it.
2. Reduce your leverage position at Green Box, be safety first, profit will come after.
3. Ideas are all wrong if Daily or Weekly close below 1400, so set SL accordingly.

— Degen Ape Trader (@oesnetwork) January 15, 2023

Expecting something like this in the LTF.#ETHUSD #ETH #Crypto #trading pic.twitter.com/WjX3nBTtlx

— Degen Ape Trader (@oesnetwork) January 16, 2023

LTF chart is still looking good. Green box is the Bulls bidding area. Ideally, we should not retest it again at all. A wicked down may happen too, but I do not like that much.

If that box is complete broken, things can go south pretty fast, so better adjust your SL accordingly. pic.twitter.com/KmumxmIdDr

— Degen Ape Trader (@oesnetwork) January 17, 2023

The #ETHUSDT chart in 8h TF looks very clear with this structure. Bull finally invades the Seller Area, expecting the next push will break 1600 and move us forward to 1700-1800. pic.twitter.com/xM3Je7TgqW

— Degen Ape Trader (@oesnetwork) January 18, 2023

1/ After the listing of $RPL on Binance, the price of $RPL increased by 31%.

We found 3 addresses that bought $RPL before the listing, then sold immediately after the rose and made a profit.👇 pic.twitter.com/PE3JWwyg12

— Lookonchain (@lookonchain) January 18, 2023

2/ Address “0x5f2c” received 200,000 $USDT from #OKX yesterday and bought 6,193 $RPL at $32.29 10 minutes before the $RPL listing announcement.

Then sold $RPL immediately after the price rose and got $255,398 $USDT.https://t.co/izDbdVYjWz pic.twitter.com/ejHHvE9g4o

— Lookonchain (@lookonchain) January 18, 2023

3/ Address "0x0c10" bought 7,759 $RPL with 151 $ETH 6 days ago.

Then sold for 200 $ETH 8 hrs ago and made a profit of 49 $ETH(76,000).https://t.co/ANS2e9905A pic.twitter.com/2rx0e3iTS7

— Lookonchain (@lookonchain) January 18, 2023

4/ Address "0xc6b9" bought 27,566 $RPL with 450 $ETH in the past 2 months.

Then sold for 656 $ETH immediately after the $RPL price rose, with a profit of 206 $ETH ($318,240).https://t.co/T9PPbPMeWd pic.twitter.com/LYstNAAdMB

— Lookonchain (@lookonchain) January 18, 2023