Jonny Moe
Jonny Moe 1 minutes reading from Bitcoin

FTX/Alameda Make It out of this (Bitcoin) situation?

If FTX/Alameda manage to wiggle their way out of this without blowing anything up, BIG if...

This could be an extreme deviation/spring capitulation bottom on a recapture of the prior lows

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The larger macro setup is there, both NQ and ES are attempting bottom patterns with the positive CPI print today

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And the halving cycle timing, for all those who observe, fits perfectly

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Two big If's, but IF: - FTX/Alameda make it out of this - Macro equity/bond markets are beginning their turn around (which likely means any significant recession needs to not happen)

THE BOTTOM IS IN

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You don't need to be reckless, there is real, significant risk those if's don't happen

But this is the time to really start paying attention to those if's

Watch them over the coming weeks to months

Don't be too careless, but don't be too careful either

This post is based on this twitter thread.

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