Guys, i'm so pumped i'll. Tell you why. Let me tell you why i'm pumped yesterday i tried making coffee jesus christ. Yesterday i tried making coffee here in the room with a keurig and uh.

It looked like absolute garbage, but uh. We got some coffee in the lobby. Look at this. That looks like coffee that doesn't look like spit water.

Oh man. What is up? Everybody welcome to trey's trade the week of technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I, like your premise by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about thirty thousand dollars deep into medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy To say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23..

So if i can pass along any of the information resources or tools that are given to me here, the community making a couple people better off than they were before. That's all that i can ask for last. If you would not mind dropping a like on the video really does help support the channel and consider subscribing if you'd like to see more content like this. Now today we have an update, or, i should say, an analysis.

I've never covered ftft on ticker symbol, ftft future fintech group incorporated and i'm covering this stock, because this has been requested by quite a few people. From my understanding, this was a penny stock play that was presented by chris sane and i think some people are a little bit nervous uh and i can understand why, if we look at the charts, we'll run through everything, but it really hasn't been anything crazy. Yet, unless you're able to get into the stock on the 13th, you know and sell right away in the pre-market. You know you're not looking at a whole ton of profit here and actually has been bleeding a little bit.

So we're gon na run through ftft uh. We're gon na look at the one-month chart, as well as the one-day one-minute chart, give you both a macroscopic and microscopic view of future fintech group incorporated. I've got three different indicators pulled up, which is the rsi the relative strength index. Anything over 70 is overbought.

Anything under 30 is oversold. I have the 200 ema, which is the exponential moving average, and this is just a average valuation based trend line over a 200 day moving period, and then i have the 15 day vomit, which is the volume adjusted moving average. And this is a average valuation trend line based over 15 day period, adjusted accordingly to the overall volume going into a stock. So we'll talk about what all three of these mean, give you both bullish and bearish patterns, that i'm seeing here on the charts, establish some potential entry points exit points.

I know this was presented as a quick money play as they get in and get out opportunity or pump and up as some would call it, but we're gon na give you a couple different opportunities in case you're, a bag holder in case you're. Looking for an opportunity to get into the stock and the whole nine yards, so let's just get right into the video, but first i want to go quick shout out to the guys over the patreon man. I can't believe it. We are 510 members strong right now.

That is insane to me. I think, like three weeks ago, we had literally like 10 people in here. So it's it's been really fun to watch the growth and i really do appreciate the support of everybody. Uh they'll have access to the private discord as well as real-time insight to my personal training and there's a lot of good stuff in here guys we've got, we've got, spec plays short-term plays, midterm plays long-term, plays investing assistance, chatting questions, and i do give one to Two uh live streams that are patreon exclusive to the discord every single week.

So if you are interested, there is a link to the patreon in the description box down below now, if you're not familiar with what uh future fintech group is or ftft we'll just give you a brief rundown. There are 252 million dollar market cap company, they have 47 million shares outstanding and i'll. Just read you a quick little bio, so they're, a blockchain e-commerce and financial technology company. The company's operations include a blockchain-based online shopping, mall platform chain cloud, mall, a cross-border e-commerce platform.

An incubator for blockchain based application projects and a digital payment system dc on it is also engaged in development of blockchain-based ecommerce technology as well as financial technology. The company was founded on june 29, 1998. That was a long time ago. Man and it's headquartered in beijing.

China, china, every time i say china, i just think of donald trump - the way that he'd say china, china, i just love it. If we look at their website really quick, the most recent uh press release that they have put out is right here, which is on january 11th uh. So this is about it's coming up on two weeks old, so not a whole lot of news catalyst. That's come out recently with ftft, but let's just take a quick read.

Future fintech's, mbtc system and technology allows consumers to use bitcoin as an online payment method. Now, let's read this first paragraph here so ftft leading blockchain based ecommerce, a company incorporated in japan and a 60 on subsidiary of the company has completed the upgrade of its mbtc system and technology, which can now be used by e-commerce platforms. That plan to accept bitcoin. As a payment method from consumers and if you'd like to read either the website or this article, i will leave a link to this in the description box down below for you to look at closer.

But the the one thing that i really don't like about. Ftft at this given moment is we aren't really seeing any sort of press release or news catalyst upcoming on their website, or i have googled as well looking for something that's going to help push the stock price up on this, and i haven't really seen anything yet And that's typically a confirmation that i look for in a stock when i'm trying to look for a quick money play, i i like to call him the grand slam. I know he calls them the home runs, but this quick money play to be completely unbiased. You know i don't have a position in this stock, so i'm just giving it to you straight.

As i see it, i'm in bile, clwd, ctrm fuel cell, a new nvis zone and ftft is not looking the most bullish right now now there are positive things that i'm seeing on the charts. I'm just going to run through everything here with you. So, let's just get right into the one month chart. If you look at the rsi indicator, which is the relative strength index, we are seeing a pretty long period of time where this is being oversold and typically this isn't what you're? Looking for when you're trying to sell out of a stock, i do guess, if i had to guess there are probably people that are holding in this this area right here.

You know they got it. Maybe on the initial run up and since then it's just been bleeding and now there may be bag holding with a small loss: 10 20, 25, whatever it may be, uh unless you got into the stock right here before the run up at 6, 25.. Currently, trading at 551, you're still down about 75 cents, a share uh, it's looking, it's looking a little bit rough and we did peek out here at about nine dollars and 20 cents, and it never fails. I've done it before.

I know how this goes. Uh. You see that this stock is just going to the moon and uh. You hop in right and all of a sudden it just it just stops.

It reverses - and you see this bleed ever since the reversal and it hasn't gone back up since so there are a couple things here that i do want to point out. We have been oversold. It is starting to correct a little bit. So that is a positive thing that i'm seeing right now with ftft.

We did approach that overbought territory corrected to neutral and in the past, when we have been over bought uh, it hasn't corrected very harshly. We can see here the low point here after the last time. This was overbought was 36, but most of the time it was trading above 40 on the rsi, which is not an extremely uh strong correction in terms of giving back some of the profits that you made right. So that's a good thing, um the bad thing that i'm seeing right now is.

You know we were over 70. We were overbought this time around and the correction was a little more harsh. We spent a lot of time in that bleed territory where we were trading at 40 or just below 40.. You know we did see a period of time where there was a small correction, but most of the time this has just been bleeding, but i do think there is a positive here.

I do think we have found the floor at this area right around five dollars. That does seem to be a very strong, acting level of support uh and if we just draw up a line, really quick, i'm going to change this to white. This is actually suggested to me by a subscriber in the comment section. I'm glad you did that, because this actually makes my charts a little easier to read.

You know we're working on this together, we're learning together, but at five dollars. We do see that there is a level of resistance in the past, so we do have two touch points, so it's not a very strong acting level of support, but it is a level of support nonetheless, and we did see a nice bottom out right here now. Something that i don't particularly like is we broke through the retracement, so this is a fibonacci. It's very easy to draw you just go to your brokerage account find fibonacci.

Retracement put the base at the bottom of the run-up to the peak of the run-up is where the top goes, and it gives you an idea of where you may see a retracement or the pullback end right, and we did see. You know this. Pullback come down and bounce off of this area, the 61.8 retracement of 541. man that is so much easier to read.

That's a good idea and uh. It did bounce off of that and come back up, but we did break below this retracement level and now we're hanging just around it uh. Currently, that's where we're trading at is about 5.51 cents. Retracement is at 541., so uh.

Maybe this will be an acting level of support. I do think we likely found the bottom on this stock, but that's how it's currently looking it's not very bullish right now, guys it's been bleeding for a little while uh we were bullish for a pretty decent amount of time, right, uh, and this to me, if I had to guess is when bitcoin was going absolutely insane right, they're doing some filthy margins, anything related to bitcoin, like ftft or mara. I think riot is another stock related to bitcoin. If i remember right yep, so stocks like this were all absolutely crushing when bitcoin was doing well, but the problem with uh ftft mara riot.

It's completely dependent on bitcoin going absolutely insane and if bitcoin doesn't go insane uh, i i think you're gon na get burned or end up holding the bag on ftft until the next time that you see a run-up with bitcoin. Now, i'm not trying to deter you from bitcoin. I know there are a lot of people who have made a crap ton of money, uh trading bitcoin or these this bitcoin related stocks like ftft mara riot, but personally, i've never established a position on ftft, because bitcoin scares the crap out of me. To be honest, i think you're investing an idea that may never come to fruition um and if it does come to fruition and bitcoin is the next currency in america right well, you're gon na have a lot of money.

You're gon na do really well, but uh. We don't know if that's gon na happen, yet right, so just keep in mind that there is risk involved getting into ftft uh. The volume has absolutely been bleeding it's. This there's really not a lot of volume here and i wish i could be very positive and say: hey guys.

Ftft looks like it's got a reversal coming, but everything on the charts right now says this is pretty bearish territory. Uh we had a cross back under on the 15 vomit, underneath the 200 ema, which is a bearish sign, and the gap has been growing every single day up until yesterday. So this may be the light at the end of the tunnel. If we see a cross back over on this 15 vomit back over the 200 ema and i'll draw this out just to give you an idea of what you should expect, we see something like this, where the 15 vomit crosses back over the 200 ema continues.

This downward trend line - and you see this crossover right here and i'll just make these very easy to see, really quick, it's thick in the line - and you see this crossover right here, i'll draw that with a circle that is typically an indicator of an upcoming bullish, Run so that's what you're going to be looking for you're going to be looking for a push probably to around six dollars and if you see a push to six dollars. I do think this is going to attract some new investors and traders to get into ftft. For the next run up and for the next quick money grab, but as it sits right now, this could go either way. Still this isn't bearish territory, macroscopically speaking uh, we do have you know a couple different levels to watch for.

We've got this retracement at 653, which will be an acting level of resistance, followed by 677 uh. We do have one two, three, four, five, six, seven almost different touch points here, so that's a very strong, acting level of resistance. I think we're gon na find the most trouble with ftft getting back into that seven dollar range, and once we get back to that seven dollar range. I think we're going to see a much easier, uh transition back to bullish territory.

I think it's going to be easier to maintain that momentum and that trend, but as it stands right now, there's a little bit of work to do. We're gon na need to see an increase in volume. We're gon na need to see a cross back over on the 15 vomit over the 200 ema, which should attract new traders right because nobody wants to get into a stock. That is bleeding because we don't know if we've reached the bottom yet well, the only.

I think one of the good news that i can present to you guys is, i think we have found the bottom here at 498 or five dollars, so the risk here is not as high as it was if you've gotten in a couple days ago. Right we didn't know if we reached the bottom, it just kept bleeding it kept leading. This is the first time we've seen a bounce. That is a that is a bottom up, and this is typically a bullish indicator.

It means that hey buyers, step back in and said all right. That's enough! That's enough bleeding! I think i feel safe right now getting back into the stock, so i'm going to buy in and stop this from dropping a little five dollars and we did see that happen. We did see a nice bounce and you know if we zoom in right here. It does look like we may have seen the same thing right here, yeah.

So that's a stair stepping double bottom, which is typically a pretty bullish indicator as well. So we may see a trend reversal incoming it's possible, but this still could go the other way. I don't feel comfortable giving you guys false hope. I want to say exactly what the charts are telling me and right now the charts are saying hey.

This could go either way this could this could have a trend reversal. We did have the double bottom right here right, but we do still need a little bit of volume to push this. We need a little bit of this rsi to touch back up on that 70 range. We need that cross back over on the 15 valve over the 200 ema, and that would be a sign to me that hey, i feel more comfortable getting into this as a quick swing, momentum, trade.

So that's how that's currently looking we'll change over to the two day, one minute chart and take a quick peek and uh. We do have a cross back under right here, so we did have a little bit of a run at the beginning of the day. Uh here in the pre market, you can see we crossed over the 15 volume. With the 200 ema peaked out a little bit of a head and shoulders pattern.

We've got one shoulder two shoulders: the head and then a slow and steady climb, followed by a little bit of a bleed, and we do have that cross back under on the 15 vomit underneath the 200 ema, which is a bearish indicator. So we did finish the day in bearish territory uh, but there is one positive thing that i am seeing here now. It is a little bit weak because we're not you know the after hours, there's not a lot of volume here, the the price action's a little choppy, but we do have what begins to look like uh, the beginning of a cup and handle formation. So you've got this nice bottom out right here and if this plays out, you see another small dip leading into the pre-market on monday.

Something like this, where you have maybe half of the dip that nice little round bottom up, uh that'd, be a pretty solid bullish indicator and then you'd be looking for that cross back over with the 15 volume over the 200 ema and you'd be looking pretty good With ft ft, so that is what i have for ftft today. Look for some news: confirmation look for an increase in volume currently in bearish territory, um. My my biggest takeaway that i have for you guys is um. Keep in mind that all of these bitcoin and bitcoin mining companies are reliant on bitcoin continuing to do well, so there is risk involved, and that is an uncontrollable circumstance right.

So we can know you know. Bitcoin puts out uh. You know an article saying hey this: this xyz happens, you know typically that'll influence the price, but holding ftft mara riot over the long term is a little bit risky you're going to be in for a bumpy ride. If you believe in bitcoin and the future of bitcoin, i think you're going to do fine with these companies, but just keep that in the back of your mind for the future.

So that is what i have for you guys today. If you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now tubebuddy is an seo. Optimization website that i personally pay a nine dollar per month.

Membership for it is highly, would attribute growing from zero to 11.5 000 subscribers in just over a month. So if you're a content creator or looking to become one, it is a great tool to help get your videos into the eyes of your intended audience. And if you do use my link i'll receive a commission off of your purchase at no extra cost to you. So it's a great way to support the channel and, if you're not interested, that's totally fine.

I just appreciate your support by taking the time to watch my videos and turn some fat filthy, freaking margins, so uh, that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.